Victoria Faces Hotel Room Shortage, Calls for Accelerated Development
A report by the Greater Victoria Hotel Development Working Group highlights a significant hotel room shortage in Greater Victoria, urging faster development to bolster the region's tourism economy. The report indicates that the region's hotel inventory has decreased by 25% since 2016, primarily due to the removal or conversion of older properties. To address this, the group recommends building 2,000 new hotel rooms over the next decade, which could generate substantial economic benefits, including 1,000 direct jobs and $85 million in annual wages. The report outlines six key recommendations, such as updating zoning policies, promoting First Nations partnerships, and enhancing investment prospects to facilitate hotel development. 
