Demand for hotel rooms in Metro Vancouver pushed the average room rate in July to the highest price point ever seen in a major Canadian city, in previous month: $358.35 per night.
Despite that—or perhaps driving those sky-high prices—Metro Vancouver had the highest occupancy levels for any metropolitan region in Canada.
Data for the region has been trending toward higher rates and occupancy for years, and it has set off a development boom as developers navigate zoning, permits and financing that can be trickier to get than for residential or office projects.
Data collectors at Lodging Econometrics in August counted 59 hotel projects underway across the province that are
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