Influence of Tourism Development of Local Real Estate Price in China

DOI

10.2991/isbcd-18.2018.69How to use a DOI?

Keywords

real estate industry; tourism

Abstract

In recent years, the living standards of people continue to improve with the rapid development and rise of China. The Chinese tourism and real estate industry have become an vital strength of economic contribution in China. The coordinated development and relationship between the industries have attracted more and more attention of a lot academic researchers in China. For instance, Zhang (2012), a Chinese scholar, discovered that the development of tourism in Hainan, a Chinese tourist city, promoted the rising of real estate prices, with the overheated phenomenon of real estate speculation. Moreover, Yunnan province as the well-known tourism province in China, its real estate speculation seems to is unconscious than Hainan. Whether or not the influence of tourism industry on regional real estate prices really exists, this has no relevant research conclusion. The aim of this study is that research the influence of tourism development on local real estate prices and takes several representative tourist cities as cases in Yunnan Province by descriptive statistics and graphic summaries in case study analysis. The author through analysis reached that In the first place, Tourism income has the greatest impact on local real estate prices. In the second place, tourism income has a greater impact on local real estate prices. In the third place, the economic development of the region has a general impact on local housing prices. All above, the development of tourism has a greater impact on local housing prices.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jing Tie
AU  - Wenjing Zhao
AU  - Dan Wu
PY  - 2018/10
DA  - 2018/10
TI  - Influence of Tourism Development of Local Real Estate Price in China
BT  - Proceedings of the 3rd International Symposium on Asian B&R Conference on International Business Cooperation (ISBCD 2018)
PB  - Atlantis Press
SP  - 349
EP  - 352
SN  - 2352-5428
UR  - https://doi.org/10.2991/isbcd-18.2018.69
DO  - 10.2991/isbcd-18.2018.69
ID  - Tie2018/10
ER  -