Quote:
Originally Posted by WarrenC12
Hotels are set to make bank if these Airbnb restrictions pan out.
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While fewer short-term rentals may benefit existing hotels immediately, I am sure there will be a correction in the long-term. Vancouver has had a shortage of hotel rooms for awhile, but the restriction on short-term rentals should motivate construction of new hotels even more so.
I hope new hotels will be built with a variety of rooms. People liked short-term rentals because they were often cheaper, but also because they could rent three attached rooms with a kitchen, or one room with a shared common area and washroom, or a house with a backyard for dogs. It seems Vancouver should not just prioritize building Holiday Inns and Marriotts, but should also seek to incentivize the construction of new hostels, family-orientated hotels with larger, multi-room units, and pet-friendly hotels with a green roof and other pet facilities.