The book focuses on key aspects of the hospitality management curriculum, research, and practice bringing together leading scholars throughout the world. Each essay examines a theme or functional aspect of hospitality management and offers a critical overview of the principle ideas and issues that have contributed, and continue to contribute, within it.
This chapter begins by defining the resort industry in one of three ways. Resorts can be differentiated in terms of the closeness to the primary market, the type of amenities present at the facility and the types of residential and lodging properties available. Increasingly, resorts are being seen as an entity consisting of various real estate products rather than as an operational property. Three types of real estate product are found in resorts-otels; timeshares and other vacation ownership entities that require a one-time investment and weekly maintenance fee, and, third, second-home purchases. Resorts are a combination of three elements: recreational attractions that draw guests to the facility; housing and food and beverage services that cater to people away from home; and activities ...