Tourism and Urban Revival Hidalgo, Alberto creator text sp Madrid] : Fedea , 2024 2024 monographic eng

electronic

Recurso electrónico

59 p. Tourism is an essential sector of the global economy, contributing significantly to GDP and employment. Despite its importance, our understanding of its impact on urban economic activity remains limited. This paper aims to fill this gap by examining the impact of tourism on urban transformation using a dataset of hotel openings in Madrid from 2001-2010. I show that hotel openings positively impact the number of establishments and employment by using the number of protected buildings as an instrumental variable to account for the non-random distribution of hotel openings. Interestingly, hotel openings contribute to changes in the composition of the economic activities and the business structures, enhancing tourist-oriented corporate-owned businesses over other individual owned companies. Finally, economic effects extend to the real estate market, increasing rental prices and residential investment. Alberto Hidalgo En la cubierta: Febrero 2024 Bibliografía: p. 31-36 Industria hotelera Turismo Plan de urbanismo Desarrollo económico España https://mpr.koha.es/cgi-bin/koha/opac-retrieve-file.pl?id=e897d8e001087bdfbb0608248fdb8e34 https://mpr.koha.es/cgi-bin/koha/opac-retrieve-file.pl?id=e897d8e001087bdfbb0608248fdb8e34 260423 20260423103303.0