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The economics and implications of moratoria on tourism accommodation development as a rejuvenation tool in mature tourism destinations

The economics and implications of moratoria on tourism accommodation development as a... This paper fills a literature gap on the economic rationale and implications of moratoria on accommodation development in mature tourism destinations. Moratoria are government-led capacity controls, which reduce market competition and seek to create economic rents. The paper provides a comprehensive set of economic foundations justifying the enactment of moratoria in situations characterised by over-capacity, low profitability, little innovation, environmental damage, strategic behaviour and sectoral imbalances. It notes that the implementation of these controls could be related to regulatory capture, rent seeking and clientelism. While capacity controls can restrain tourism over-expansion and can help fix some of its undesirable consequences, they may lead to multiple and varied unforeseen effects on the rejuvenation process and on the rest of the economy, issues also addressed in the paper. Moratoria relate to the concept of de-growth, which is a highly contested area of discussion. A moratorium does not ensure renovation of private and public capital or maintain the natural environment. It may give rise to detrimental strategies by firms, opening up room for corruption. To be effective, a moratorium must be accompanied by complementary policies, besides being coherently embodied in a broader tourism and regional rejuvenation strategy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Sustainable Tourism Taylor & Francis

The economics and implications of moratoria on tourism accommodation development as a rejuvenation tool in mature tourism destinations

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References (84)

Publisher
Taylor & Francis
Copyright
© 2015 Taylor & Francis
ISSN
1747-7646
eISSN
0966-9582
DOI
10.1080/09669582.2015.1027212
Publisher site
See Article on Publisher Site

Abstract

This paper fills a literature gap on the economic rationale and implications of moratoria on accommodation development in mature tourism destinations. Moratoria are government-led capacity controls, which reduce market competition and seek to create economic rents. The paper provides a comprehensive set of economic foundations justifying the enactment of moratoria in situations characterised by over-capacity, low profitability, little innovation, environmental damage, strategic behaviour and sectoral imbalances. It notes that the implementation of these controls could be related to regulatory capture, rent seeking and clientelism. While capacity controls can restrain tourism over-expansion and can help fix some of its undesirable consequences, they may lead to multiple and varied unforeseen effects on the rejuvenation process and on the rest of the economy, issues also addressed in the paper. Moratoria relate to the concept of de-growth, which is a highly contested area of discussion. A moratorium does not ensure renovation of private and public capital or maintain the natural environment. It may give rise to detrimental strategies by firms, opening up room for corruption. To be effective, a moratorium must be accompanied by complementary policies, besides being coherently embodied in a broader tourism and regional rejuvenation strategy.

Journal

Journal of Sustainable TourismTaylor & Francis

Published: Jul 3, 2015

Keywords: moratorium on accommodation; capacity controls; de-growth, mature tourism destinations; rejuvenation policies; 住宿的延期付款; 规模控制; 退行生长,成熟旅游业终点,复壮政策

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