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:
“The last resort of kings, the cannonball. The last resort of the people, the paving stone.”
—Victor Hugo (1802–1885)
“Let us have a good many maples and hickories and scarlet oaks, then, I say. Blaze away! Shall that dirty roll of bunting in the gun-house be all the colors a village can display? A village is not complete, unless it have these trees to mark the season in it. They are important, like the town clock. A village that has them not will not be found to work well. It has a screw loose, an essential part is wanting.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)