Dunno about other cities, but City of Toronto proper didn't add any net new hotel rooms from 2000 - 2015. And only up 22% in the "Greater Toronto Area", which i

Dunno about other cities, but City of Toronto proper didn't add any net new hotel rooms from 2000 - 2015. And only up 22% in the "Greater Toronto Area", which is way less than that area's pop'n growth. I doubt things improved as airbnb became a thing. p. 10 here: https://www.toronto.ca/legdocs/mmis/2016/ed/bgrd/backgroundfile-98820.pdf https://www.toronto.ca/legdocs/mmis/2016/ed/bgrd/backgroundf... When your residential construction market is so on fire that you don't even build hotel space, you end up with STRs as a symptom.