For a comprehensive review of the Canada market, click below:
HVS In-Depth Canada Hotel Valuation Index:
2025
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2024
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2019
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2018
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2017
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2016
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2015
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2014
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2013
VANCOUVER DOWNTOWN lies at the heart of the largest city in British Columbia. Vancouver, a major city in Canada, is a popular tourist destination. Large international events, starting with Expo 86, have pushed infrastructure development in the city. The 2010 Winter Olympics in particular put Vancouver on the international stage. With more 11 million tourists annually, tourism is one of the city’s top-performing sectors, contributing billions of dollars to the local economy every year.
Vancouver is also home to many major companies, including Amazon, Microsoft, SAP, and Hootsuite, making it a strong tech city. It is also a significant hub for AI, biotech, gaming, film, and TV production. The biggest challenge that Vancouver faces is affordability, as it has the highest real estate prices in Canada. Young people have difficulty moving to Vancouver even if there are employment opportunities given the high cost of real estate and rental housing.
Growth is expected to continue in 2025, fuelled by key sectors, including technology, trade, tourism, and real estate. Slowing population growth is putting a damper on economic growth in the city, with slower population growth projected in 2026.
Before the pandemic, the per-room value experienced double-digit growth for three consecutive years, reaching $469,300 in 2019, reflecting an HVI of 4.76. Between 2025 and 2028, 590 new rooms are expected to enter the Vancouver Downtown market.
The outlook for the Vancouver Downtown lodging market is very positive. Limited new supply will result in compression and continued growth. In 2025, the value per room is expected to increase by 6.0% year-over-year, and it is projected to eventually reach $837,300 in 2028, which translates into an HVI value of 8.50, the highest in the country. Vancouver Downtown is projected to retain its leading position in rank and index through 2028.
The widespread impact of the coronavirus (COVID-19) has had an unprecedented impact on hotels and hotel values worldwide.
Consequently, the latest HVI analysis may no longer reflect the most current measure of lodging industry strength or the
hospitality investment market.
In each of our offices across the globe, we are working tirelessly to analyze the impact of recent events and provide timely
insights to help you navigate these uncharted waters. Because it is unclear how long the pandemic will last or how long related
restrictions will be in place, we are updating our analyses on a weekly basis using the most current data.
Additionally, examination of value trends in prior cycles can provide useful information. Historical patterns, together with
an understanding of the market’s current expectations for the eventual recovery of the industry and its performance, can provide
insights on the likely trajectory of decline and recovery for hotel values.
For the Latest Information and Analysis on the Impact of COVID-19Click Here
If you’d like to speak to someone personally to review details of our most current analysis, please don’t hesitate to contact
us directly.
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