Naslov
The Effect of Tourism Activity on Housing Affordability

Autori
Mikulić, Josip ; Vizek, Maruška ; Stojčić, Nebojša ; Payne, James ; Čeh Časni, Anita ; Barbić, Tajana

Izvornik
Annals of tourism research (0160-7383) 90 (2021), September; 103264, 12

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
tourism intensity ; housing affordability ; dynamic panel model ; Croatia

Sažetak
Although researchers have confirmed the impact of tourism on housing prices in many destinations affected with overtourism, they do not consider housing affordability in relation to the population’s income levels. This study explores the relationship between tourism activity and housing affordability, using a sample of Croatian municipalities. Specifically, the study investigates how tourist accommodation, concentration, seasonality and overall vulnerability to tourism influence housing affordability in this emerging tourism-driven European country. The results obtained reveal tourism intensification’s deteriorating effect on local residents’ abilities to afford housing. The findings indicate a particularly strong tourism seasonality impact, suggesting the presence of common negative externalities, such as employment fluctuations, difficulties in maintaining economic status, and revenue instabilities, in localities prone to seasonal tourism fluctuations.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA