discuss how the linkages between tourism and house prices have been affected. We further present evidence of an emerging shift … across countries at the onset of the pandemic, with locations depending heavily on tourism showing slower price appreciation …

model of small open cities to study the impact of tourism on endogenous amenities, factors' allocation across sectors …, prices, and welfare. Tourism has two main effects on the urban economy: first, consistently with the observed pattern in the …; second, it increases prices. In the model tourism may hurt the resident population: with unequal land endowments, poorer …