Vancouver hospitality and mixed-use opportunities
Investment overview
A portfolio set of validated, investor-ready hotel and mixed-use development opportunities in Vancouver, a high-performing tourism and business-events market, positioned to capture growing demand through 2026 and beyond.
Vancouver is Canada’s strongest hotel performance market, with durable demand fundamentals and limited risk of oversupply due to high barriers to entry and constrained room supply. The occupancy at 80.5% in Downtown Vancouver in 2025 has followed consistent growth following the pandemic and has exceeded pre-pandemic levels. The average daily rate (ADR) of $342 and revenue per available room (RevPar) of $275 are leading the country.
Target Customers:
- Upscale / Upper-Upscale business and leisure travellers
- Meetings, incentives, conferences and events (MICE) demand
- International visitors (Asia-Pacific, U.S. West Coast, Europe
- Consumer segments: Refined Globetrotters, City Trippers, Culture Seekers
Region: Vancouver, British Columbia, Canada.
Type of project: accommodations (hotels, conversions, extended-stay) and mixed-use development.
Investment type: equity, joint venture, co-development partnership, long-term lease (project-dependent).
Ownership model: private, joint venture, Indigenous partnership, and/or P3 structures (project-dependent).
Project stage: multiple stages across the pipeline (rezoning, development permit, approved, conversion), as per validated project list.
Market opportunity
Global gateway, high-value market
Vancouver is a Pacific-Rim hub and one of Canada’s top tourism and meetings destinations, supported by international air access, strong quality of life, and a diversified knowledge economy.
Demand exceeds supply
Hotel demand is projected to outpace available room supply as early as 2026, with an estimated need for 20,000 new hotel rooms by 2050 creating a clear, time-sensitive investment opportunity.
Strong and growing visitation
Approximately 11.2 million visitors in 2024, exceeding pre-pandemic levels and generating over CAD $26.3 million in daily visitor spending
Canada’s strongest hotel performance
Vancouver leads the country in occupancy, ADR, and RevPAR, driven by year-round demand and limited risk of oversupply due to strong growth projections underpinned by continued air route development and market diversification that includes a healthy meetings, conventions and events development calendar.
For more details please see the Economic Analysis of Hotel Supply and Projected Demand that outlines the demand projections and the Hotel Community Impact Report which explores the typologies of hotels that could work in Vancouver are the value they can create for different neighbourhoods in the city.
High-yield business events market
Anchored by the Vancouver Convention Centre, the city attracts international conventions (eg Web Summit) and corporate meetings that brought 95,000 delegates to 22 citywide meetings in 2025 that helped to deliver premium ADRs, strong weekday occupancy, and stable annual demand. Together 2026 and 2027 both have over 50 definite citywide meetings on the books bringing over 130 thousand delegates to the city.
Exceptional global connectivity
Vancouver International Airport (YVR) is Canada’s second-busiest airport with 300,000 arrivals and departures representing an air route supply of 16 million passengers. Making YVR a leading trans-Pacific hub, with over 75 routes connecting Asia-Pacific, the U.S. West Coast, and Europe, supporting high-value inbound tourism and business travel.
Long-term demand drivers
Population growth, expansion of technology, film, and creative industries, and Vancouver’s strong global brand underpin sustained medium- and long-term visitor growth.
Indigenous-led development momentum
Large-scale projects provide access to well-located sites, partnership opportunities, and clearer growth frameworks aligned with the Vancouver Plan[JG3] that shapes the plan for growth to 2050.
Competitive operating environment
Access to skilled hospitality labour, relatively competitive wage costs versus major U.S. cities, and low-cost, low-carbon hydroelectric power support strong operating margins and ESG objectives.
Destination Vancouver resources:
Market opportunity
Global gateway, high-value market
Vancouver is a Pacific-Rim hub and one of Canada’s top tourism and meetings destinations, supported by international air access, strong quality of life, and a diversified knowledge economy.
Demand exceeds supply
Hotel demand is projected to outpace available room supply as early as 2026, with an estimated need for 20,000 new hotel rooms by 2050 creating a clear, time-sensitive investment opportunity.
Strong and growing visitation
Approximately 11.2 million visitors in 2024, exceeding pre-pandemic levels and generating over CAD $26.3 million in daily visitor spending
Canada’s strongest hotel performance
Vancouver leads the country in occupancy, ADR, and RevPAR, driven by year-round demand and limited risk of oversupply due to strong growth projections underpinned by continued air route development and market diversification that includes a healthy meetings, conventions and events development calendar.
For more details please see the Economic Analysis of Hotel Supply and Projected Demand that outlines the demand projections and the Hotel Community Impact Report which explores the typologies of hotels that could work in Vancouver are the value they can create for different neighbourhoods in the city.
High-yield business events market
Anchored by the Vancouver Convention Centre, the city attracts international conventions (eg Web Summit) and corporate meetings that brought 95,000 delegates to 22 citywide meetings in 2025 that helped to deliver premium ADRs, strong weekday occupancy, and stable annual demand. Together 2026 and 2027 both have over 50 definite citywide meetings on the books bringing over 130 thousand delegates to the city.
Exceptional global connectivity
Vancouver International Airport (YVR) is Canada’s second-busiest airport with 300,000 arrivals and departures representing an air route supply of 16 million passengers. Making YVR a leading trans-Pacific hub, with over 75 routes connecting Asia-Pacific, the U.S. West Coast, and Europe, supporting high-value inbound tourism and business travel.
Long-term demand drivers
Population growth, expansion of technology, film, and creative industries, and Vancouver’s strong global brand underpin sustained medium- and long-term visitor growth.
Indigenous-led development momentum
Large-scale projects provide access to well-located sites, partnership opportunities, and clearer growth frameworks aligned with the Vancouver Plan[JG3] that shapes the plan for growth to 2050.
Competitive operating environment
Access to skilled hospitality labour, relatively competitive wage costs versus major U.S. cities, and low-cost, low-carbon hydroelectric power support strong operating margins and ESG objectives.
Destination Vancouver resources:
Land availability
Validated urban sites across Downtown and key corridors (see list below). Serviced, transit-accessible locations with proximity to demand generators.
Available incentives
- City of Vancouver Hotel Development Policy (April 2025): streamlined rezoning pathways and reduced community amenity contributions (CAC) treatment for hotel amenities/back-of-house.
- Development Potential Relief Program (DPRP): municipal property tax relief on eligible development-ready sites.
- British Columbia Employer Training Grant: funding support for workforce training.
- Provincial/federal concierge and incentives via Trade and Invest BC and Invest in Canada (project-dependent).
- The City of Vancouver hotel development information portal creates a one-stop contact to support developers and investors looking to build hotels in Vancouver with support to understand the incentives and requirements to build in the city.
Available incentives
- City of Vancouver Hotel Development Policy (April 2025): streamlined rezoning pathways and reduced community amenity contributions (CAC) treatment for hotel amenities/back-of-house.
- Development Potential Relief Program (DPRP): municipal property tax relief on eligible development-ready sites.
- British Columbia Employer Training Grant: funding support for workforce training.
- Provincial/federal concierge and incentives via Trade and Invest BC and Invest in Canada (project-dependent).
- The City of Vancouver hotel development information portal creates a one-stop contact to support developers and investors looking to build hotels in Vancouver with support to understand the incentives and requirements to build in the city.
Contact Information
Call to action
Confidential, site-by-site opportunity materials are available upon request. Introductions with project proponents, planning counterparts, and site visits can be facilitated through the project contact.