A Decision-Making and Governance Framework for the Renewal of Tourism Destinations: The Case of the Canary Islands

Manuel Rodríguez-Díaz and Rosa Rodríguez-Díaz
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Manuel Rodríguez-Díaz: Department of Economics and Business Management, Universidad de Las Palmas de Gran Canaria, 35017 Las Palmas de Gran Canaria, Spain
Rosa Rodríguez-Díaz: Department of Financial Economics and Accounting, Universidad de Las Palmas de Gran Canaria, 35017 Las Palmas de Gran Canaria, Spain

Sustainability, 2018, vol. 10, issue 2, 1-18

Abstract: Tourism destinations in advanced stages of the life cycle need to update their lodging offers and infrastructures. The main problem is that new destinations are planned according to the new preferences of customers, creating critical problems in older destinations related to the architecture of the buildings, size of the rooms, dimension of lodgings, complementary offer, and infrastructures. The aim of this paper is to develop a decision-making and governance framework for the renewal of destinations in an advanced stage of the life cycle that require the renovation of the lodging offer and infrastructures in order to increase their competitiveness and sustainability. The decisions were planned and carried out in the Canary Islands by stakeholders involved in the public and private sectors. The evaluation of actions to renew the lodgings and infrastructures through special legislation, leadership, sources of financing, and investment guarantees is presented to determine the level of success obtained. Because the Canary Islands is one of the main tourist destinations in Europe, the actions and procedures presented can be used in other destinations with similar characteristics.

Keywords: tourism destination; lodging; renewal; life cycle; sustainability; relational capabilities; stakeholders (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
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