Vancouver Hit a $406 Hotel Rate Record. Occupancy Dropped 16 Points. That's Not a Win.
Metro Vancouver's World Cup rates shattered Canadian records at $406 a night while downtown occupancy cratered from 91% to 75%. If you think record ADR with collapsing occupancy is something to celebrate, you haven't done the RevPAR math... and you definitely haven't looked at what happens next summer when the circus leaves town.