Tourism development and housing price: An interplay

• Jun Zhang ^[1]
  1. [1] School of Tourism and Urban-Rural Planning, Zhejiang Gongshang University, China
• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 30, Nº. 5 (Agosto), 2024, págs. 1095-1114
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • This study underscores the significance of the nexus between tourism and housing price. Using panel data from 35 major cities in China, it employed the panel smooth transition regression approach to explore the interplay between tourism development and housing prices. Our findings showed a nonlinear tourism–housing price nexus. Specifically, tourism development can raise housing prices in a nonlinear way, indicating that this positive impact varies at different levels of tourism specialisation. Housing prices had an inverted U-shaped effect on tourism development. Several explanations for these empirical results are provided in the Discussion section, along with policy suggestions.