Unfolding touristification in retail landscapes
Evidence from rent gaps on high street retail
Bibliographic Data
| ID | 5761994 |
|---|---|
| Authors | Ka‐shing Cheung (0000-0001-7377-3184, The University of Auckland, Auckland, New Zealand, corresponding author), Chung Yim Yiu (0000-0003-2446-8276, The University of Auckland, Auckland, New Zealand) |
| Year | 2023 |
| Volume | 25 |
| Issue | 4 |
| Pages | 1224-1250 |
| Publication date | 2023-05-19 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Tourism Geographies (JOURNAL) |
| Journal identifiers | ISSN: 1461-6688 • E-ISSN: 1470-1340 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/14616688.2022.2150299 |
| OpenAlex | W4310376008 |
| Language | EN |
| Citations received | 8 |
| References cited | 91 |
Touristification is an emerging concept used to enable the understanding of how various stakeholders interfere and transform a neighbourhood through tourist activities. This study develops a touristification rent gap theory to examine how an influx of tourists causes an increase in retail rents. We hypothesise that ceteris paribus, a higher tourist-concentrated area, will have higher demands for tourist-specific goods and services that increase retail rent gaps. To test the hypothesis, we conduct both time series and cross-sectional data analyses. The time series analysis confirms a strong association between tourists' spending and retail rents. In the cross-sectional analysis, we use a neighbourhood clustering method to endogenise the demarcation of retail habitats. The result suggests that touristification is not merely a subset of gentrification and that the two phenomena should be investigated as distinct but simultaneous processes. The finding also reveals that areas with more tourists will make the retail rent gaps of small shops higher. Destination management should be aware of significant touristification effects that threaten the original retail markets of local neighbourhoods
Advertising · Business · Ceteris paribus · Economic geography · Economic rent · Economics · Gentrification · Geography · Microeconomics · Neighbourhood (mathematics · Retail sales · Tourism · Consumer Retail Behavior Studies · Cultural Industries and Urban Development · Diverse Aspects of Tourism Research · Marketing
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| Unique citing works | 8 |
|---|---|
| Citations per year | 4 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 8 |