| Abstract: |
Site-specific characteristics are attributes of tourism services for consumers
and a factor influencing their costs and quality for producers. These services
are a fine illustration of territorial rents. Using estimates from hedonic
price equations, we test the role of environmental/territorial variables as
services differentiation tools in the context of a non-competitive market, and
recover the value of territorial rent generated by tourism managers'
strategies. Two territories of reference are chosen, one currently benefiting
from the renewed interest of the public, and a usual tourist destination. The
results of a comparative analysis suggest that tourists' preferences for new
destinations, combined with firms' strategies generate some catching up effect
by emerging territories. |