IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v16y2010i1p45-62.html
   My bibliography  Save this article

The Rise, Fall and Renaissance of the Resort: A Simple Economic Model

Author

Listed:
  • G.M. Peter Swann

    (Nottingham University Business School, Jubilee Campus, Wollaton Road, Nottingham NG8 1BB, UK)

Abstract

There is a large volume of literature on the life cycle of the tourist resort. However, there is scope to develop this body of work by harnessing recent contributions in the economics literature on cycles or waves in demand. This paper presents a simple economic model of the rise, fall and possible renaissance of the resort. The analysis is based on the work of Cowan et al (1997, 2004), which models waves in consumption when there are interdependencies between consumers. Of particular interest here are the conditions under which we may observe a ‘travelling wave’, where a new resort starts off as a distinctive and select venue but then, as it grows in popularity, starts to go downmarket. After the resort has been unfashionable for some time and unattractive associations are far enough in the past, a new sort of pioneer (accompanied by a new wave of investment) can start off a second wave of popularity. The model presented was motivated by reference to the history of the city of Bath, which enjoyed a long period as a very popular resort and then fell into decline in the 19th century, but enjoyed a renaissance in the mid-20th century to become one of the most popular medium-sized towns in England.

Suggested Citation

  • G.M. Peter Swann, 2010. "The Rise, Fall and Renaissance of the Resort: A Simple Economic Model," Tourism Economics, , vol. 16(1), pages 45-62, March.
    • Handle: RePEc:sae:toueco:v:16:y:2010:i:1:p:45-62
    DOI: 10.5367/000000010790872051
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5367/000000010790872051
    Download Restriction: no
    File URL: https://libkey.io/10.5367/000000010790872051?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Silvia Caserta & Antonio Russo, 2002. "More Means Worse: Asymmetric Information, Spatial Displacement and Sustainable Heritage Tourism," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 26(4), pages 245-260, November.
    2. Corneo, Giacomo & Jeanne, Olivier, 1997. "Snobs, bandwagons, and the origin of social customs in consumer behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 32(3), pages 333-347, March.
    3. M. Thea Sinclair, 1997. "Tourism and Economic Development: A Survey," Studies in Economics 9703, School of Economics, University of Kent.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pin-Ju Juan & Shin-Yi Lin, 2013. "Selecting Resort Locations," Tourism Economics, , vol. 19(6), pages 1249-1272, December.
    2. Andergassen, Rainer & Candela, Guido & Figini, Paolo, 2013. "An economic model for tourism destinations: Product sophistication and price coordination," Tourism Management, Elsevier, vol. 37(C), pages 86-98.
    3. Pin-Ju Juan & Shin-Yi Lin, 2011. "Research Note: Resort Hotel Location," Tourism Economics, , vol. 17(4), pages 925-931, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Corneo, Giacomo & Jeanne, Olivier, 1999. "Segmented communication and fashionable behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 39(4), pages 371-385, July.
    2. Calogero Guccio & Domenico Lisi & Marco Martorana & Anna Mignosa, 2017. "On the role of cultural participation in tourism destination performance: an assessment using robust conditional efficiency approach," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 41(2), pages 129-154, May.
    3. Boopen Seetanah & Ramesh Durbarry & J.F. Nicolas Ragodoo, 2010. "Using the Panel Cointegration Approach to Analyse the Determinants of Tourism Demand in South Africa," Tourism Economics, , vol. 16(3), pages 715-729, September.
    4. Pier Luigi Sacco & Guido Ferilli & Giorgio Tavano Blessi & Massimiliano Nuccio, 2013. "Culture as an Engine of Local Development Processes: System-Wide Cultural Districts II: Prototype Cases," Growth and Change, Wiley Blackwell, vol. 44(4), pages 571-588, December.
    5. Andreas Papatheodorou, 2003. "Modelling Tourism Development: A Synthetic Approach," Tourism Economics, , vol. 9(4), pages 407-430, December.
    6. Giorgio Brunello & Lorenzo Rocco, 2008. "Educational Standards in Private and Public Schools," Economic Journal, Royal Economic Society, vol. 118(533), pages 1866-1887, November.
    7. Angelo Antoci & Paolo Russu & Pier Luigi Sacco & Giorgio Tavano Blessi, 2022. "Preying on beauty? The complex social dynamics of overtourism," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 17(1), pages 379-400, January.
    8. Robert Jeyakumar Nathan & Vijay Victor & Melanie Tan & Maria Fekete-Farkas, 0. "Tourists’ use of Airbnb app for visiting a historical city," Information Technology & Tourism, Springer, vol. 0, pages 1-26.
    9. Yang, Chunyu & Huang, Jue & Lin, Zhibin & Zhang, Danxia & Zhu, Ying & Xu, Xinghua & Chen, Mei, 2018. "Evaluating the symbiosis status of tourist towns: The case of Guizhou Province, China," Annals of Tourism Research, Elsevier, vol. 72(C), pages 109-125.
    10. Houssine Choyakh, 2008. "A Model of Tourism Demand for Tunisia: Inclusion of the Tourism Investment Variable," Tourism Economics, , vol. 14(4), pages 819-838, December.
    11. Nguyen-Van, Phu & Pham, Thi Kim Cuong, 2013. "Endogenous fiscal policies, environmental quality, and status-seeking behavior," Ecological Economics, Elsevier, vol. 88(C), pages 32-40.
    12. Gierl, Heribert & Huettl, Verena, 2010. "Are scarce products always more attractive? The interaction of different types of scarcity signals with products' suitability for conspicuous consumption," International Journal of Research in Marketing, Elsevier, vol. 27(3), pages 225-235.
    13. Simona Romani & Giacomo Gistri & Stefano Pace, 2012. "When counterfeits raise the appeal of luxury brands," Marketing Letters, Springer, vol. 23(3), pages 807-824, September.
    14. Juan Nicolau, 2010. "Culture-sensitive tourists are more price insensitive," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 34(3), pages 181-195, August.
    15. Stauvermann, Peter Josef & Kumar, Ronald Ravinesh, 2017. "Productivity growth and income in the tourism sector: Role of tourism demand and human capital investment," Tourism Management, Elsevier, vol. 61(C), pages 426-433.
    16. Shy, Oz, 2007. "Dynamic models of religious conformity and conversion: Theory and calibrations," European Economic Review, Elsevier, vol. 51(5), pages 1127-1153, July.
    17. Antonio Usai & Daniele Porcheddu & Veronica Scuotto & Jean-Paul Susini, 2020. "Converting Shelf-Based Scarcity into Innovation by Adopting Customer-Focused Innovation Approach," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(1), pages 70-83, March.
    18. Clive Morley, 2012. "Technique and Theory in Tourism Analysis," Tourism Economics, , vol. 18(6), pages 1273-1286, December.
    19. Zhang Wei-Bin, 2020. "Economic Development and International and Interregional Tourism," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 13(4), pages 375-387, December.
    20. Chia-Lin Chang & Thanchanok Khamkaew & Michael McAleer, 2010. "Estimating Price Effects in an Almost Ideal Demand Model of Outbound Thai Tourism to East Asia," Working Papers in Economics 10/11, University of Canterbury, Department of Economics and Finance.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:toueco:v:16:y:2010:i:1:p:45-62. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.