There are approximately 6,600 tourist accommodation rental units located on resort lands. These are one-, two- and three-bedroom units, or approximately 9,300 bedrooms. About 12% of these properties—somewhere between 10% and 15%—are owned by U.S. and international property owners, so about 790 to 1,110 bedrooms. For every sale that results in one unit leaving the tourist rental pool to become a B.C. second home, Whistler could stand to lose, on average, 305 unique visitors to Whistler, 788 visitor days, $90,870 in accommodation revenue, $2,726 in MRTD revenue, $7,270 in PST, $4,544 in GST and approximately $280,000 in annual resort spending.
A loss of 12% of Whistler's tourist accommodation rental inventory—noting that the share of Whistler's U.S. and international accommodation ownership is somewhere between 10% and 15%—could result in a shortfall of more than $100 million in annual visitor spending if phase 1 properties are sold to B.C. second-home owners, who take this accommodation out of the rental pool. There would be additional visitor spending losses in the millions of dollars for phase 2 property owners, who are required to use their accommodation for 28 days a year versus the current usage of 7 to 14 days.