Canada’s Pacific hinge on a record year: an all-time airport high of 26.9 million passengers built on a +15.6% Asia-Pacific surge, a 170-million-tonne port, a 1.2-million-guest cruise season — and the tightest hotel market in North America at ~25,900 rooms. Eight studies, one hub.
Vancouver enters the series as the series’ purest scarcity trade: Canada’s highest absolute hotel performance in 2025 (78.4% occupancy, CAD 223 RevPAR) on a supply base of roughly 25,900 rooms that added a dozen hotels in twenty years. One Marriott tower on Seymour Street, ground broken May 2025, is the entire new-build story — and a June 2026 FIFA World Cup month already printed a CAD 518 downtown ADR.
The gateways carry the visitor economy: YVR’s record 26.914 million passengers (+2.7%, 102% of 2019) lean Asia-Pacific (+15.6%) as transborder falls −7.1%; Canada Place hosted 301 cruise calls and 1.2 million guests in a $1-billion season, with 2026 scheduled larger still; the Port of Vancouver moved a record 170.4 million tonnes, 76% of its international trade bound for the Indo-Pacific.
The demand mix is the story: 10.3 million overnight visitors in the first ten months of 2025 kept pace with a record prior year while the American lane thinned — long-haul Asia and Alaska-bound cruisers replacing short-haul US trips. A city where the only growing rail line is the airport line is pricing itself around visitors; these eight studies track what that repricing pays.
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