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Hotels, second homes and destination planning policies: a sequential game model

Author

Listed:
  • Valeria Posadas
  • Juan Gabriel Brida
  • María José Alonsopérez

Abstract

Purpose - This paper develops a theoretical model that analyzes the decision problem the landowner has to face between the construction of second homes and hotels. The starting point implies verifying that for a given tourist destination, the land available for the construction of accommodation is limited. For this reason, when choosing between building second homes or building hotels, many factors influence the decision model. The theoretical mechanism generalizes the model introduced in Brida and Boffa (2010) and is based on a four-stage sequential game with four players. From the results of the model, the authors conclude that it is optimal from the social point of view both to build a hotel and to build a second home because both generate added value during the year. For this reason, the construction of second homes should be taken into account in the planning policy of the tourist destination. This arises from considering that second homes, as they remain occupied all year like hotels, in certain tourist destinations, do not generate seasonality.

Suggested Citation

  • Valeria Posadas & Juan Gabriel Brida & María José Alonsopérez, 2023. "Hotels, second homes and destination planning policies: a sequential game model," Tourism Critiques, Emerald Group Publishing Limited, vol. 4(1/2), pages 2-14, May.
    • Handle: RePEc:eme:trcpps:trc-07-2022-0016
    DOI: 10.1108/TRC-07-2022-0016
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    More about this item

    Keywords

    Second homes; Hotels; Accommodation; Game theory; Development; Planning; Policy; O18; R58; Z32;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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