What is Tourism Real Estate? Is it just residential development in popular tourist areas marketed toward 2nd home buyers?
With Tourism and Real Estate so important to the Mexican economy, I felt a definition is necessary to put our discussion of evolving state of Tourism in Mexico into a Real Estate perspective.
Tourism Real Estate is broad. It is vague. It is questionable grammatically; but look:
There is a Tourism Real Estate Expo...
is Malaysia on to something?
http://www.tourism.gov.my/en/activities/default.asp?activity_id=17
people are studying it...
http://web.mit.edu/is08/pdf/kroll.pdf
http://www.ub.es/geocrit/sn/sn-194-05.htm
Is Tourism Real Estate hotel development? Is it condos marketed to tourists? Is Tourism Real Estate any Real Estate in a Tourism oriented market of Mexico?
We invite you to help us define this term(s) in the comments section of this article posting. Pass it on!
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2 comments:
Tourism real estate is any type of development aimed at people from outside the target area. It may be for short vacation stays in the form of commercial hotels and resorts, timeshares, fractionals and vacation or permanent retirement homes which would cover more longer term investment from the buyers perspective. It can be marketed in numerous ways, onsite to visitors or to a more targeted group who are specifically looking to buy and invest in a given area. My success and business is aimed at the second group and most of my work is done directly from my computer. To get back to a definition:
Tourism Real Estate ---any type of development aimed at the focus group of visitors to a area different from where they normally live
Posted by Michael Murphy
real estate type/essence is captured/reflected by (1) target market and (2) potential use as is otr with adaptation. That said, Tourism Real Estate would include those proerties that are targetted to trouists and can be adapted to their needs and apsirations.
Posted by Stephen Roulac
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