Holiday Home Research Articles

The Private Sector in the Rental Housing Market

Numerous types of literature contend that housing plays a role in both the low-income population's need for public assistance and the comparatively affluent families' need for mortgage financing. Due to the failure of vacant homes, which ultimately resulted in wasted resources since medium-low income groups have curtailed purchasing power, the rental housing market is progressively where social progress is consolidated. Based on the role of rental housing, this paper goes into considerable detail about the private sector in this market. In tandem with the findings of previous studies, the research indicates that private power enhances social development in terms of active trading, achieving wealth, and alleviating the government's financial burden. However, the research discovers that some issues exist widely behind this aspect of the rental market, which not only causes significant life costs for some youngsters but also that the efficiency is constrained by governmental policies, as evidenced by data from some selected economies. Thus, the analysis is followed by some recommendations derived from the paper to use some financial investments such as leveraging and the REITs tool, as well as perspectives on adjusting governmental policies as strategies to strengthen the private rental market.

Learning strategic orientation and sustained competitive advantage in four- and five-star hotels in Kenya

Four- and five-star hotels face intense competition from lower-rated hotels, international chains and the more recent vacation home rentals, often threatening their competitive advantage. This study explored the influence of learning strategic orientation on sustained competitive advantage in four- and five-starhotels in Kenya.The target population was 640 senior hotel managers from 80 four-and five-star hotels and a five-point Likert scale survey instrument which was completed by 247 respondents.Data was analyzed using Structural Equation Modelling and the analysis indicated that learning strategic orientation had a positive and significant influence (p<0.05) on sustained competitive advantage in four- and five-star hotels in Kenya. The study recommends considering training as an investment and budgeting resources for continuous staff training. Hotel management should share the organizational vision across all levels and constantly share information about competitors. Policymakers should support hospitality institutions, training of interns and exposure of local hoteliers to the international market.

Is the effect of Airbnb on the housing market different in medium-sized cities? Evidence from a Southern European city

ABSTRACT Academic literature has analysed the effects of renting vacation homes in recent years from the perspective of large cities. This paper aims to test whether these effects also occur in smaller tourist cities. For this purpose, the case of San Sebastian (Spain), a medium sized tourist city. We find that a one unit increase per 100 housing units in Airbnb listings leads to a citywide average monthly advertised rent of €1,284.20, an increase of 49.45€, on average. This implies a much higher effect of Airbnb on the rental market than previous studies that focused on large cities.

Housing and Inequality in Australia

AbstractIn Australia and many other advanced economies, housing is playing a central role in accentuating and perpetuating inequality. This paper, drawing on primary and secondary data, discusses the various ways in which housing tenure in Australia contributes to wealth and income inequality. It argues that a neoliberal housing policy framework and accompanying financialisation of housing have facilitated a dramatic increase in house prices, the neglect of social housing, and a deepening wealth and income divide based on housing tenure. With respect to wealth, the key divide is between outright homeowners versus low-income private renters and low-income households in mortgage stress. The wealth of outright homeowners has grown substantially in recent decades and many have been able to acquire a holiday home and/or investment properties, thereby intensifying the wealth divide. Approximately a third of Australian households are now locked out of home ownership for an extended period or even lifelong. Housing tenure status also has an impact on the disposable income of households. For example, low-income outright homeowners are invariably in a far better position with respect to disposable income than their counterparts who have large mortgages or are private renters.

Leisure mobility changes during the COVID-19 pandemic – An analysis of survey and mobile phone data in Sweden

The COVID-19 pandemic affected travelling in general, and the leisure mobility and the spatial distribution of travellers in particular. In most parts of the world, both domestic and international travel has been replaced by restrictive policies and recommendations on mobility. A modal shift from public transport towards private cars and micro-mobility was also observed. This study seeks to trace the implications of the COVID-19 pandemic for leisure mobility. We use a unique Swedish database containing daily mobility patterns of pseudonymised mobile phone users, combined with a survey on vacation transport behaviour. By contrasting mobility patterns for selected holiday days during the unaffected summer of 2019 with corresponding dates in 2020 and 2021, we are able to model and detect the pandemic effects on tourism and recreational mobility. Moreover, by identifying the general mobility patterns, we analyse whether and how the transport mode has changed. Using data on the spatial distribution of recreational amenities, we identify locations that were favoured during the pandemic. In Sweden, even though the pandemic decreased in spread and severity during the summers, most travel restrictions were still enforced, international vacations uncommon, and larger vacation spots, such as amusement parks and cultural institutions, were closed down. Swedish vacation homes in remote or rural areas were quickly booked. This change in recreational behaviour, where less populated areas, open air and nature recreation were favoured over indoor or crowded urban cultural activities, was more substantial in 2021 than in 2020. This result shows how policies can effectively be developed, so that Swedes respond properly to recommendations and adjust their vacation plans.

Smart shrinkage and multi-locality – The appeal of hope, illustrated through Puolanka, a rural municipality in Finland

ABSTRACT Our contribution discusses two phenomena – shrinkage and multilocality – in relation to the big picture of urbanisation and to the prevailing regional policy discourse that is very growth oriented in nature. Empirical material from Puolanka is used to illustrate the key tensions of this constellation. We ask: Does the concept of ‘smart shrinkage’ resonate in the context of a shrinking municipality? Is it possible to operationalise shrinkage at the local level? A group of artists has been experimenting with a very peculiar approach by branding their local pessimism (!) and thereby sympathetically ridiculing the growth orientation of a locality that shrinks fast by numbers. What about ‘multilocality’? Is it a true opportunity to increase the quality of life in depopulating regions? Like many rural municipalities, Puolanka hopes that the holiday homes and e-work will contribute to local vitality. We propose that other somewhat surprising forms of multilocality may be even more significant. Those include the global multilocalities of the entrepreneurs with immigration background that keep the last restaurant business up and running, as well as the seasonal workers in agriculture and tourism. Also, the pessimistic artists can be seen as multilocals. The peculiar connectedness that these young people have with Puolanka is of high symbolic value.

ОСОБЛИВОСТІ РОЗВИТКУ АРХІТЕКТУРИ РЕКРЕАЦІЙНИХ ЗАКЛАДІВ ДЛЯ ДІТЕЙ В ОДЕСЬКІЙ ОБЛАСТІ

The article is devoted to the study of regional problems of architecture and urban planning of Odesa region for recreation of children and youth. Development of the recreational and tourist potential of Odesa region. Analysis of the development of children's recreation camps on the Black Sea and generalization of the material obtained. In the literature on architecture and urban planning, the investigated issues are not sufficiently covered. State Building Regulations, dedicated to the design of recreation and health facilities for children and adolescents, was not developed in Ukraine. The goal of the study - identify the problems and outline the prospects for the development of the architecture of recreational facilities for children and youth in the conditions of the Odesa agglomeration. Mark the recreational resources of the considered territories and ways of their use by architectural and town-planning techniques. Study tasks: - study of domestic and foreign experience in the construction and operation of children's recreation camps; - analysis of the current state of children's recreation camps on the Black Sea coast of Odesa region; - to determine the architectural and urban planning and engineering tasks of solving the identified problems. Conclusion: for recreational and resort use, the Odesa region has such favorable features as: climate (steppe), good aeration, small groves where a recreational zone has historically developed, cultural environment, transport accessibility. In the Odesa region, it is necessary to support the preserved sanatorium-resort facilities, to develop the construction of new boarding houses, holiday homes, hotel chains, multifunctional complexes with various types of services (entertainment, sports, health). Currently, 17 children’s health camps, 3 children's sanatoriums and temporarily organized thematic camps are operating in the Odesa region. The issue of student recreation is under study. Special attention should be paid to the preservation and new construction of recreational facilities for children and youth.

Inclusiveness of Financial Activities of Hotel Institutions during the Covid-19 Pandemic

Scientific work on “Inclusiveness of Financial Activities of Hotel Institutions During the Covid-19 Pandemic” aims to conduct a financial analysis of the state of the hotel services market in Ukraine and the world during the period of active progression of the Covid-19 virus infection.
 The purpose of the article. The aim of the work was to study the peculiarities of the financial development of the hotel industry in the pandemic in the world and in Ukraine.
 The methodology. The totality of research methods is a methodology for analyzing and organizing the main legislative acts and laws, namely the methods of generalization, comparison, chronology, analysis and generalization. Segment diagramming, elements of financial analysis, as a digital display of the state of the economic level of development are used to visualize the state of the hotel business market.
 The results of the research. The study analyzes the level of change in sales revenue from the hotel business in Ukraine. The regions of Ukraine were divided into the main tourist regions and the structure of accommodation facilities by types and specialized accommodation facilities have been developed.
 The scientific work considers the hotel industry as elements of the market of services of Ukraine, so the distribution of accommodation is divided into in the following regions: central region, northern region and western and southern regions. The location of hotel business establishments is appropriately structured.
 Conclusions that were made indicate the need to improve the quality of services while expanding their range, which is due to the ever-increasing demands of consumers in accordance with the requirements of advanced technologies. A significant expansion of the range of accommodation (apartments, villas, holiday homes, country and guest houses, chalets, etc.) will best guide different groups of tourists and diversify the types of recreation.
 The presented paper depicts relevant and necessary research that will help hotel business leaders to respond in a timely manner to financial threats. During the Covid-19 pandemic, it is important to monitor the state of the Ukrainian services market, timely implement all possible security measures and prevent the impact of adverse factors on the development of the hotel business.

Research on the improvement of rural resorts in Ukraine

The development of resort services is an integral part of the complex socio-economic development of the rural territories in Ukraine. The country has huge potential for developing different kinds of resorts. To attract consumers of tourist services to rural holiday homes and estates and to improve the quality of rural green tourism (rural hospitality) services in the post-COVID period, taking into account sanitary and hygienic requirements is desirable, by using the recommendations of the “Safe travel” protocol and from EU project “Supporting the development of the system of geographical indications in Ukraine” results. The creation of a legislative framework and strengthening administrative capacity, marketing activities for the rebranding of “sensitive” products, registration of Ukrainian products under Geographical Indication (GI) sign and promotion of their availability on the market, planning projects for the development of rural areas to attract tourism to the regions can benefit in the development of tourist infrastructure in rural areas.

Racial Discrimination and Economic Factors in Redlining of Ohio Neighborhoods

AbstractWe examined the influence of racial and ethnic identity of residents and housing market economic conditions on redlining. Data were extracted from archival area description forms from the Home Owners’ Loan Corporation for 568 Ohio neighborhoods from 1934–1940. Logistic regression analysis was used to analyze the relationships between neighborhood characteristics and redlining. Bivariate results indicated a strong association between the presence of African American residents and neighborhood redlining (OR = 40.9, 95% CI 22.9-72.8). Multivariable analysis demonstrated that some neighborhood characteristics were contributors to the decision to redline, including homes in poor condition (OR = 4.3, 95% CI 1.2-15.1), home vacancy (OR = 1.4, 95% CI 1.1-1.6), and housing prices (per thousand dollars) (OR = 0.7, 95% CI 0.4-1.2). Adjusting for these and other factors, the presence of African American residents remained a powerful predictor of redlining (OR = 13.8, 95% CI 4.4-42.8). Racial discrimination was the overriding factor in decisions to redline neighborhoods.

A WEB-BASED APPLICATION FOR MAKING LOW-COST VACATION RESERVATIONS FOR TOURISTS USING THE K-NEAREST NEIGHBORS ALGORITHM

Abstract. An occasional recreational vacation is a necessity for many people. It provides a perfect opportunity for the body and the mind to get much-needed rest after weeks, months, or years of daunting tasks and a break from routine. It also gives people morale as they perform their usual tasks afterward. Unfortunately, many people are unable to afford a vacation not only internationally but also locally due to the high costs involved. This makes many people prefer spending their holidays with extended families, by, for instance, traveling to their rural homes as opposed to taking a vacation. To boost the tourism sector in our country that is being promoted by initiatives such as ‘Tembea Kenya’, we should encourage domestic tourism. Another challenge is the experience in hotels that some people do not like that would entirely cause them to opt to spend their holidays differently, for example, the lack of privacy in the shared accommodation facility, the limited space in hotels, the numerous restrictions, the level of cleanliness in the shared facility especially during the COVID-19 crisis, etcetera. The aim of this project was to solve the problem by coming up with a technological means of enabling people to make reservations for vacation homes with each other such that they mutually benefit from the program thus eliminating the fee for renting out the house. This solution was implemented using a web-based application and applied the K-Nearest Neighbors machine learning algorithm that was used to classify homes based on the features available.

Coupled Urban Change and Natural Hazard Consequence Model for Community Resilience Planning.

This paper presents a new coupled urban change and hazard consequence model that considers population growth, a changing built environment, natural hazard mitigation planning, and future acute hazards. Urban change is simulated as an agent-based land market with six agent types and six land use types. Agents compete for parcels with successful bids leading to changes in both urban land use-affecting where agents are located-and structural properties of buildings-affecting the building's ability to resist damage to natural hazards. IN-CORE, an open-source community resilience model, is used to compute damages to the built environment. The coupled model operates under constraints imposed by planning policies defined at the start of a simulation. The model is applied to Seaside, Oregon, a coastal community in the North American Pacific Northwest subject to seismic-tsunami hazards emanating from the Cascadia Subduction Zone. Ten planning scenarios are considered including caps on the number of vacation homes, relocating community assets, limiting new development, and mandatory seismic retrofits. By applying this coupled model to the testbed community, we show that: (a) placing a cap on the number of vacation homes results in more visitors in damaged buildings, (b) that mandatory seismic retrofits do not reduce the number of people in damaged buildings when considering population growth, (c) polices diverge beyond year 10 in the model, indicating that many policies take time to realize their implications, and (d) the most effective policies were those that incorporated elements of both urban planning and enforced building codes.

Territories of Contention: The Importance of Project Location in Mining-Related Disputes in Finland from the Geosystem Services Perspective

Geosystem services produced by geological processes are the abiotic equivalents of ecosystem services. Geosystems also contribute to satisfying human needs and produce welfare in the form of, e.g., mineral deposits, landscapes for recreation and tourism, and habitats for rare species that require protection. Geosystems are inherently linked to ecosystems, which causes overlap between provided services. This overlap may in turn cause conflicts over land-use needs and interests. Such controversies can be manifested as mining and mineral exploration disputes (MMEDs). Six MMEDs from Finland were selected for a closer examination. The MMEDs are described and spatially analyzed from the geosystem services perspective. The main causes for the examined MMEDs are land-use issues, i.e., the location of a project in a sensitive context (a protected area (PA), tourism destination, reindeer herding area, or lake area with vacation homes), and/or association with uranium. There have been attempts to block some of the projects through land-use planning by expanding PAs or excluding mining from the municipality. Conversely, one of the projects is an example of the safeguarding of mineral deposits by province-level land-use planning. A more comprehensive consideration of geosystem services by land-use planning may help to accommodate and reconciliate diverse interests and alleviate disputes.

Victimization of the Dead: Exploring Burglars Use of Publicly Available Obituary Information to Perpetrate Their Crimes.

The present study uses primary data collected by the researchers on residential burglaries committed in the time-period of 1991-2021 to analyze the individual year frequency of obituary burglaries and patterns across time in relation to obituary burglaries. The goal is to assess the frequency of this form of burglary and the potential impact of increased web based publishing of obituaries on incidents of residential burglaries during funerary rites. Findings indicate that while this form of burglary is rare, it is a niche form of residential burglary committed by specialized burglars who utilize information available about funerals to specifically target the family of the deceased's home or the vacant home of the deceased. Recommendations for protecting against this form of victimization are provided.

Kriminologisk læring af udviklingen i indbrud under pandemien

AbstractOur (work)lives have changed radically due to the Covid19-pandemic. This unique situation can be perceived as a natural experiment. What happens to the number of burglaries in private residences, businesses/companies, institutions, and holiday homes when many employees work from home and children receive online education? What are we to expect based on criminological theories and what happened in practice? Theory would predict a decrease in the number of burglaries in private homes and an increase in the number of burglaries in companies and institutions. In reality – at least in Denmark – there was a decline in all forms of burglary. The authors point to disruption of the market for stolen goods as a possible decisive factor in the explanation of this unexpected result.

Revealed preferences for vacation home ownership in a small island destination: a choice experiment analysis

ABSTRACT Vacation homes emerged as an alternative accommodation sector with strong growth potential in small island destinations. As tourists scrutinize vacation home features, bundling their best attribute sets materializes as a critical strategy for vacation home developers. This study examined tourist preferences for vacation homes in Aruba, employing a choice experiment analysis. The experiment centered on location, price, unit type, amenities, and services. Based on identified preferences, the study applied a market simulator to uncover which combination of attributes carries the most impact on a vacation home purchase. The results suggest that the best combination involves location and price, which reveals a polynomial function anchoring a direct negative relationship between location and price. As the location moves further away from the tourist core area (i.e. the beach), the price elasticity of potential vacation owners also increases. Location seems to be a product-differentiating characteristic, which influences consumer utility and shapes demand.

Venues of Recreation in a Former Socialist Town

In Hungary 10–14 towns were classified as socialist towns. In 1953 the construction of the would-be Leninváros (present day Tiszaújváros) was started. The town planners laid stress on building facilities for the relaxation and recreation of people and parks, playgrounds, beaches and holiday homes were available for everyone. However, the public places designated as recreational facilities for the inhabitants of the town, which was intended to be an idealistic one, did not satisfy their needs. They pre­ferred to spend their free time in their ‘household plots’ in town. Small gardens and garages complemented a lot of apartments in panel blocks, thus increasing the available living space in a special manner. These “private properties” mostly had the function whose mass demand was unexpected for the planners of the city. The author describes how they helped residents, who often had a village background, making the socialist type of town more liveable.

지방소멸에 대응한 공법적 과제

The problem of population decline and local annihilation is directly linked to the problems of national existence and balanced national development. Despite massive fiscal and population growth policies to solve the problem of low fertility and aging according to the Framework Act on Low Fertility and Aging, the population fertility rate is 0.81 in 2021, which is the lowest in the world. As the phenomenon of concentration in the metropolitan area accelerated due to a decrease in local jobs and unbalanced development of the region, the Special Act on Balanced National Development, the Metropolitan Area Reorganization Planning Act, and the Local University Promotion Act have been enacted and implemented to solve the problem. development is not resolved. The government enacted the Special Act on Support for Depopulated Areas in June 2022 to respond to local annihilation. In the same law, local governments lead crisis response in areas with reduced population, national customized comprehensive support, strengthening cooperation between local governments and countries, and special provisions for childcare, medical care, housing, transportation, culture, and immigration in areas with reduced population is putting. Although it is necessary to distinguish between population reduction and local annihilation, the Special Act on Support for Depopulation Areas defines only the term “depopulation area” and does not define the concept of “local annihilation”. It is necessary to conceptually define a region that requires special social, economic, financial, and administrative measures from the state as local governments cannot survive on their own or are in danger of extinction as an area with a low population density. In this paper, after examining the main contents of Korea's Constitution, the Special Act on Balanced National Development, and the Special Act on Support for Depopulated Areas, to find implications for Korea and propose public law tasks by reviewing the Spanish Constitution and the legislative examples of Castile-La Mancha in Spain, present. First, although the Korean constitution provides for balanced national development, the principle of solidarity stipulated in Articles 2 and 138 of the Spanish Constitution is stipulated to provide positive preferential treatment to areas in danger of late extinction or concern, so that the lives of the residents of the area are made. quality should be improved. Second, shared accommodation through settlement subsidies, tax reductions, and vacant home village regeneration should be made to activate residential mobility and sedentity in areas with reduced population and local extinction. Third, the Special Act on Support for Areas with Decreased Population has special regulations regarding the establishment of childcare facilities and universities, hearing opinions from the heads of local governments when kindergartens and elementary schools are closed, subsidizing expenses, and special measures for school establishment. Since it is necessary to substantially guarantee the right to education and access to education, etc., legal and institutional arrangements should be made to ensure the right to access public education, maintain schools, guarantee equal access to education for students, internship programs, non-compulsory education programs, and vocational training. Fourth, since the expansion of jobs and local labor force is the key to recovering the lost population and suppressing the disappearance of local areas, it is possible to create effective and suitable jobs in the depleted areas, as well as incentives for workers in the depleted areas, and to develop public and private projects and projects. Promotion, deregulation, and simplification of administrative procedures, project projects and plan implementation management systems for local extinction areas, and funding programs (subsidies) should be introduced.

Negative externalities of long-term vacant homes: Evidence from Japan

Employing parcel-level data on vacant houses in a depopulating city in the Tokyo metropolitan area, we provide the evidence of negative externalities of long-term vacant houses that persist for several years. Ownership of a vacant house continues, whereas the level of maintenance declines; thus, the Japanese context enables us to simply capture the long-run impact of neglect, separate from the foreclosure stigma in the US context. We find that the externality spills over to approximately 50 m and that one additional long-term vacant house within 50 m pushes property transaction prices down by approximately 3%. We argue that the externalities come at least partly from the disamenity channel, since they are not observed for vacancies that disappear within one or two years. Externalities are observed from three years after the houses become vacant, which are, often not put on the housing market, and the externalities diminish around the time the vacancies finally disappear. We also show that externalities exist only in areas where nearby long-term vacant houses are not yet common, as their existence stands out in those areas. These results imply that reducing the number of long-term vacant houses will help mitigate disamenities in areas that have not yet experienced severe declines.

Strategi Adiwana Hotels & Resorts Dalam Mempertahankan Eksistensinya Pada Masa Pandemi Covid-19 Dan Era New Normal

The coronavirus outbreak began in China to spread to the rest of the world making the world tourism industry including Indonesia also sluggish. The mobilization of people is very limited because of the government regulations of each country that prohibit its residents from traveling out of the city. Limited travel activities cause the occupancy rate of rooms in accommodation facilities such as hotels, villas, homestays, quiet vacation homes and even many empty ones. The impact on the closure of hotels, villas and other types of accommodation and sold at low prices.The formulation of this research problem is what strategies Adiwana Hotels & Resorts implements in maintaining its existence during the Covid-19 pandemic and the new normal era and how Adiwana hotels & resorts strategy is implemented in maintaining its existence during the Covid-19 pandemic and the new normal era.This research method uses qualitative methods with data collection through observation techniques, interviews and questionnaire deployments. The theoretical studies used are hotel theory, villa theory, existence theory, strategy theory, Covid-19 pandemic theory and new normal era theory. The results of this study showed varying results.