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Tourist development and host–guest interaction: An economic exchange theory

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  • Bimonte, Salvatore
  • Punzo, Lionello F.

Abstract

Theoretical research on the impacts of tourism has a discernible bias towards residents’ perceptions. To understand the evolution and dynamics of tourism, residents’ perceptions have to be analyzed as part of an exchange process involving both residents and tourists. A conceptual framework of host–guest relations is required. This paper presents an economic model that builds on evidence that tourism involves the meeting of two populations. Their interactions and experiences influence their attitudes and opinions. This causes structural changes in individual preferences that affect residents’ perceptions of tourism and tourists’ willingness to pay. To interpret this process we use the Edgeworth Box, representing the “exchange” in terms of “resource-space” against income.

Suggested Citation

  • Bimonte, Salvatore & Punzo, Lionello F., 2016. "Tourist development and host–guest interaction: An economic exchange theory," Annals of Tourism Research, Elsevier, vol. 58(C), pages 128-139.
    • Handle: RePEc:eee:anture:v:58:y:2016:i:c:p:128-139
    DOI: 10.1016/j.annals.2016.03.004
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    References listed on IDEAS

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    1. Bimonte, Salvatore, 2008. "The "tragedy of tourism resources" as the outcome of a strategic game: A new analytical framework," Ecological Economics, Elsevier, vol. 67(3), pages 457-464, October.
    2. Bimonte, Salvatore & Faralla, Valeria, 2016. "Does residents' perceived life satisfaction vary with tourist season? A two-step survey in a Mediterranean destination," Tourism Management, Elsevier, vol. 55(C), pages 199-208.
    3. Deery, Margaret & Jago, Leo & Fredline, Liz, 2012. "Rethinking social impacts of tourism research: A new research agenda," Tourism Management, Elsevier, vol. 33(1), pages 64-73.
    4. Etzioni, Amitai, 1985. "Opening the preferences: A Socio-economic research agenda," Journal of Behavioral Economics, Elsevier, vol. 14(1), pages 183-198.
    5. Salvatore Bimonte & Lionello F. Punzo, 2011. "Tourism, residents' attitudes and perceived carrying capacity with an experimental study in five Tuscan destinations," International Journal of Sustainable Development, Inderscience Enterprises Ltd, vol. 14(3/4), pages 242-261.
    6. Sharpley, Richard, 2014. "Host perceptions of tourism: A review of the research," Tourism Management, Elsevier, vol. 42(C), pages 37-49.
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    Cited by:

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    5. Salvatore Bimonte & Antonella D’Agostino, 2021. "Tourism development and residents’ well-being: Comparing two seaside destinations in Italy," Tourism Economics, , vol. 27(7), pages 1508-1525, November.
    6. Zhang, J.J. & Kwong, Y.M., 2017. "Reconceptualising host-guest relations at border towns," Annals of Tourism Research, Elsevier, vol. 66(C), pages 196-199.
    7. Bimonte, Salvatore & D'Agostino, Antonella & Grilli, Gaetano, 2020. "Tourist season and determinants of residents' subjective well-being," Annals of Tourism Research, Elsevier, vol. 81(C).
    8. Lin, Zhibin & Chen, Ye & Filieri, Raffaele, 2017. "Resident-tourist value co-creation: The role of residents' perceived tourism impacts and life satisfaction," Tourism Management, Elsevier, vol. 61(C), pages 436-442.
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    11. Daisy XF Fan & Anyu Liu & Richard TR Qiu, 2019. "Revisiting the relationship between host attitudes and tourism development: A utility maximization approach," Tourism Economics, , vol. 25(2), pages 171-188, March.
    12. István Egresi & Supun Lahiru Prakash & Buddhika Maduraperruma & Amila Withanage & Aruna Weerasingha & Ştefan Dezsi & Bianca Sorina Răcăşan, 2021. "What Affects Support for Wetland Tourism? A Case Study from Sri Lanka," Sustainability, MDPI, vol. 13(16), pages 1-18, August.
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