Resort Town Economy
If the resorts or tourist attractions are seasonal in nature (such as a ski resort), resort towns typically experience an on-season where the town is bustling with tourists and workers, and an off-season where the town is populated only by a small amount of local year-round residents.
In addition, resort towns are often popular with wealthy retirees and people wishing to purchase vacation homes, which typically drives up property values and the cost of living in the region. Sometimes, resort towns can become boomtowns due to the quick development of retirement and vacation-based residences.
However, most of the employment available in resort towns are typically low paying and it can be difficult for workers to afford to live the area in which they are employed. Many resort towns have spawned nearby bedroom communities where the majority of the resort workforce lives.
Resorts towns sometimes struggle with problems regarding sustainable growth, due to the seasonal nature of the economy, the dependence on a single industry, and the difficulties in retaining a stable workforce.
Read more about this topic: Resort Town
Famous quotes containing the words resort, town and/or economy:
“I trust the time is nigh when, with the universal assent of civilized people, all international differences shall be determined without resort to arms by the benignant processes of civilization.”
—Chester A. Arthur (1829–1886)
“If the street life, not the Whitechapel street life, but that of the common but so-called respectable part of town is in any city more gloomy, more ugly, more grimy, more cruel than in London, I certainly don’t care to see it. Sometimes it occurs to one that possibly all the failures of this generation, the world over, have been suddenly swept into London, for the streets are a restless, breathing, malodorous pageant of the seedy of all nations.”
—Willa Cather (1876–1947)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)