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Article
Publication date: 19 May 2020

Raymond Maxwell Francis and Vikneswaran Nair

The purpose of this paper is to explore how tourism investment, business and operations were aligned with the United Nations Sustainable Development Goals (SDGs) in the Abaco Cays…

Abstract

Purpose

The purpose of this paper is to explore how tourism investment, business and operations were aligned with the United Nations Sustainable Development Goals (SDGs) in the Abaco Cays pre-Hurricane Dorian 2019 in The Bahamas.

Design/methodology/approach

This paper takes an exploratory qualitative approach using the Abaco Cays, The Bahamas as the geographical study area. Semi-structured interviews were conducted face-to-face for data collection and transcribed using NVivo 12 plus. Critical discourse analysis was used to interpret interviewees’ spoken words in the broader social context of the Abaco Cays.

Findings

Results illustrate the extent of tourism alignment with the SDGs in communities, dependent on tourism for growth. Findings from tourism investment, business and operations data analysis provide insights on tourism and the SDGs from a local perspective.

Research limitations/implications

This research demonstrates how tourism aligns with the SDGs in one geographical area of The Bahamas. It also highlights discourses influencing tourism and the SDGs towards achieving the 2030 Agenda.

Practical implications

A practical implication of this paper is adopting a bottom-up approach for a comprehensive understanding of tourism alignment with the SDGs in the Abaco Cays.

Originality/value

This paper provides implementation guidelines for communities in the Abaco Cays, to align local sustainable tourism plans with the SDGs. It also provides a multidisciplinary approach for greater coherence of tourism with the SDGs from the community to the national level in the Bahamas.

Details

Worldwide Hospitality and Tourism Themes, vol. 12 no. 3
Type: Research Article
ISSN: 1755-4217

Keywords

Article
Publication date: 6 September 2019

Maria Gravari-Barbas and Sébastien Jacquot

The purpose of this paper is to analyze the mechanisms involved in the progressive integration of marginal and peripheral urban areas, located close to established tourist…

Abstract

Purpose

The purpose of this paper is to analyze the mechanisms involved in the progressive integration of marginal and peripheral urban areas, located close to established tourist destinations, into the visited tourism perimeter, and the interplay of the supporting public and private actors. It focusses on the intertwining processes of commercial gentrification, heritagization and aestheticization of former “ordinary” or marginal areas as tools for and indications of their tourism development. It explores how the metropolitan tourism geography is progressively redesigned.

Design/methodology/approach

Following a comprehensive literature analysis, the Saint-Ouen flea market was selected as the object of study. The methodology is based on extensive in situ observations, a systematic analysis of the press and a corpus of tourist guides and several in-depth interviews with local public and private stakeholders.

Findings

This paper shows that combined public (Parisian urban and tourism stakeholders) and private interests led to the integration in the tourism perimeter of a space that was once on the margins of the tourism and metropolitan area. It highlights the mechanisms of this integration and the link between touristification, gentrification, aestheticization and artification. It was found that private investors and political decision makers regard Saint-Ouen flea market as a major opportunity for tourism and real estate development, which leads to some contradictions regarding heritage protection. Finally, it shows that market traders opposed the evolution of a commercial place into a place of symbolic consumption. At another level, it shows the stakes of tourism diversification in a metropolitan tourism destination that is characterized by overtourism.

Research limitations/implications

More studies are needed to identify not only the potential of flea markets to diversify tourist areas and practices, but also any potential resistance. The consequences on metropolitan tourism can be the subject of additional investigations: can this tourism diversification reduce overtourism in the centre, or is it only a diversification that functions as an additional driver of attractiveness? This research opens new perspectives on the modes of diversification (spatial and experiential) of metropolitan tourism as well as on the role that commercial changes play in these evolutions. It also makes it possible to question the modes of engagement of investors and traders in tourism.

Originality/value

This is an in-depth analysis of the case of Saint-Ouen flea market. The issues raised herein are applicable to similar peripheral urban areas, flea markets especially, that are rarely studied on the tourism-aestheticization-gentrification nexus. The analysis also shows the diversification of places and imaginaries of metropolitan tourism.

Details

International Journal of Tourism Cities, vol. 5 no. 3
Type: Research Article
ISSN: 2056-5607

Keywords

Article
Publication date: 3 February 2023

Shahriar Kabir, Zakia Binte Jamal and Bindu Proshad Kairy

This study is based on the consumer purchase intention (CPI) in real estate. The purpose of this study is to investigate the link between CPI and preferred individual investment…

Abstract

Purpose

This study is based on the consumer purchase intention (CPI) in real estate. The purpose of this study is to investigate the link between CPI and preferred individual investment capacity in buying real estate properties. This study investigates if commonly known factors of CPI such as attitude, social power or subjective norms, perceived behavior power or control, location, surrounding environment and socialization can influence a consumer’s preferred investment amount when buying a house, either for own use or for rental purpose.

Design/methodology/approach

A total of 334 respondents participated in this study. The survey data was analyzed using factor analysis technique, ordinary least square technique and Poisson pseudo maximum likelihood technique.

Findings

This study finds that location, surrounding environment, property/construction papers, roads, mosque/temple and fire services significantly influence the preferred investment amount of a real estate investor.

Originality/value

This study suggests that a link exists between CPI and real estate investment decision through factors such as location, surrounding environment, legal documentation and communication facility. These identified CPI factors require serious consideration by the real estate developers and their financing partners.

Details

International Journal of Housing Markets and Analysis, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1753-8270

Keywords

Executive summary
Publication date: 1 October 2021

UNITED ARAB EMIRATES: Expo economic boost may falter

Expert briefing
Publication date: 26 January 2021

Crown Prince Mohammed bin Salman has started 2021 with a series of bold initiatives to give fresh impetus to visionary investment plans, after a pause because of reputational…

Expert briefing
Publication date: 9 November 2018

The positive dynamics that are appearing in the property and construction sectors.

Book part
Publication date: 16 May 2013

Davide Ponzini

This chapter discusses the combination of structure plans and urban megaprojects. It shows the characteristics and shortcomings of this combination in different urban contexts, in…

Abstract

This chapter discusses the combination of structure plans and urban megaprojects. It shows the characteristics and shortcomings of this combination in different urban contexts, in Western as well as in emerging countries. The chapter draws on case studies of megaprojects and urban planning processes in different cities: Abu Dhabi, Milan, and others. This chapter suggests that the tensions between branded megaprojects and structure plans are not due only to economic, planning, and political constraints. The publicly stated rationale of this combination is to trigger and harness the real estate market in order not only to create private revenue, but also to contribute to the overall city development. In many cases, this rationale induced significant changes not only in terms of architectural design and financial arrangements of individual projects, but also in terms of the urban structure. Reflecting over current global trends in urban development, these findings seem relevant both for reconsidering the roles of architectural branding and the weakening of large-scale urban planning devices in Western cities and for allowing emerging countries to learn from past experiences in this field.

Details

Urban Megaprojects: A Worldwide View
Type: Book
ISBN: 978-1-78190-593-7

Keywords

Article
Publication date: 19 December 2017

Efe Can Gürcan

What are the causes and consequences of Turkey’s intervention in Syria? The purpose of this paper is to explore this question by focusing on the time frame from 2011 to 2016, i.e…

Abstract

Purpose

What are the causes and consequences of Turkey’s intervention in Syria? The purpose of this paper is to explore this question by focusing on the time frame from 2011 to 2016, i.e. prior to Turkey’s strategic U-turn from uncompromising enmity toward Russia and Iran.

Design/methodology/approach

Process tracing is used as the main methodological guideline.

Findings

Turkey’s intervention in Syria has been driven by a mutually reinforcing interaction of geopolitical, geo-economic and geo-cultural factors. Turkey’s neo-Ottomanist geo-strategy has been militarized in the context of the Arab Spring, perceived decline of US hegemony, increasing Kurdish autonomy and Adalet ve Kalkınma Partisi’s (AKP) electoral setbacks. Second, Turkey’s intervention has been triggered by the converging motivations for energy security, easily gained profits from the black energy market and economic integration with Arab-Gulf countries in the face of a stagnating Western capitalism. A third set of factors speaks to the AKP’s instrumental use of Sunni sectarianism and Kurdish ethnopolitics.

Originality/value

The research aim is to provide a systematic and multi-causal explanation of Turkey’s involvement in Syria.

Details

Journal of Aggression, Conflict and Peace Research, vol. 11 no. 1
Type: Research Article
ISSN: 1759-6599

Keywords

Case study
Publication date: 16 April 2020

Bei Zeng, Andreas Johannesen and Xin Fang

This study aims to provide students an opportunity to analyze the financial performance of a publicly listed real estate company and estimate its instinct value by applying…

Abstract

Purpose

This study aims to provide students an opportunity to analyze the financial performance of a publicly listed real estate company and estimate its instinct value by applying appropriate financial models and approaches.

Theoretical basis

Three major valuation models/approaches generated by financial theory and practice to estimate the intrinsic value of a security: discounting cash-flows valuation (DCF and NPV) – valuation through adjusted net asset and liquidation value (NAV) – relative valuation through price and value multiples (valuation multiple analysis and precedent transactions analysis). Wholly owned subsidiaries versus and joint venture ones.

Research methodology

Analyze financial information of all segments in a multiple-business firm, and apply suitable financial models and approaches among net asset value model (NAV), discounted cash flow (DCF) or net present value (NPV) model, valuation multiple analysis and precedent transactions analysis to estimate the intrinsic value of the whole firm.

Case overview/synopsis

This decision-based case allows students to explore the business valuation process for a public listed real estate company, Alexander & Baldwin, Inc. (NYSE: ALEX). Based on financial statements analysis and forward-looking financial expectation on ALEX, this case elevates students' understanding and practice of valuating this multiple-business firms by applying appropriate financial models and approaches among NAV, DCF or NPV, valuation multiple analysis and precedent transactions analysis and enable students to make their investment decisions of buying, holding or selling the company’s stocks.

Complexity academic level

This case is most appropriate for graduate courses such as corporate finance, investments, personal finance, real estate finance and financial markets and institutes.

Article
Publication date: 28 September 2007

Andreas Langegger and Wolfram Wöß

There is still little support for the consumer decision‐making process on the web, especially when prices are not the primary property of a product. Reasons for that are complex…

Abstract

Purpose

There is still little support for the consumer decision‐making process on the web, especially when prices are not the primary property of a product. Reasons for that are complex product specifications as well as often volitional weak interoperability between e‐commerce sites. This paper aims to address this issue.

Design/methodology/approach

The semantic web is supposed to make product information more interoperable between different sites. Additionally, some products with limited time frames of availability, like real estates or second‐hand cars, require periodical searches over several days, weeks, or even months. For those kinds of products existing systems cannot be applied. Instant information about new offers on the market is therefore crucial. Wireless access to the web enables services to become instantaneous and to provide up‐to‐date information to users.

Findings

This paper presents a framework which is based on multivariate product comparison allowing users to delegate search requests to an agent. The success of the agent depends heavily on the matching algorithm. Fuzzy utility functions and the analytical hierarchy process are a very feasible combination for the scoring of offers.

Originality/value

The proposed system supports users finding products on the web matching specific user preferences and instantly informs them when new items become available on the virtual market. As a specific use case the framework is being applied to the real estate sector, because especially for this sector several shortcomings of the current support have been identified.

Details

International Journal of Web Information Systems, vol. 3 no. 1/2
Type: Research Article
ISSN: 1744-0084

Keywords

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