

I mentioned increased density as a reason why landowners may choose vacation rental over housing. The total habitable building supply can’t increase and it becomes more profitable to be a hotel than an apartment building.
I feel a problem for Europe is that most of their tourism centers are centered in old cultural centers. For instance, Amsterdam became a major party city in its historic downtown. In contrast, American cities like Miami and Las Vegas were built from scratch to serve that function.
Dr. McCartney spreads in “research material” had generated a lot of interest.