Urban redevelopment and tourism growth: Relationship between tourism infrastructure and international visitor flows

Abstract

Abstract The paper examines the effect of tourism infrastructure on inbound tourism demand along with other known factors influencing tourism. The study is undertaken in the context of Singapore where revitalization of infrastructure has been an important policy aimed at urban redevelopment and tourism growth. Using a panel of 30 origin markets between 2000 and 2015, the paper applied a dynamic generalized method of moments estimation showing that tourism infrastructure increases tourism demand above trend. The relatively price insensitive and income sensitive nature of tourism demand appear to be favourable conditions to use tourism as a strategy to enhance the city state's competitiveness.