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Why do you assume that local businesses generating more revenue doesn't contribute to local incomes? It does, almost by definition. In a housing supply restric
by CryptoPunk 8y ago
Why do you assume that local businesses generating more revenue doesn't contribute to local incomes? It does, almost by definition.
In a housing supply restricted market, tourism can contribute to higher housing costs, but that can be fixed by removing constraints on housing supply, like zoning. And even when this effect is present, its effect on quality of life is counter-acted by the positive effect of tourism spending on local incomes.
- Mediterraneo10 8y ago> Why do you assume that local businesses generating more revenue doesn't contribute to local incomes? Local businesses do not always generate income from tourists. For example, some of the destinations complaining about overtourism are upset at cruise ships, where the tourists do all their eating, drinking, and sleeping on the boat, and they only walk through the city during the day without spending any significant amount of money.
- CryptoPunk 8y agoThe reports I've seen all give a very high average spending level for tourists. I don't think there's any credible argument that they don't inject massive consumer spending into the local economy.