Goa's tourism industry is witnessing a paradigm shift, with tourists now eager to buy properties in the state. This new form of tourism, known as residential tourism, is changing the face of Goa's real estate market.
GoaReal EstateTourismResidential TourismIndiaReal EstateSep 26, 2024
Residential tourism is a form of tourism where people buy properties in popular tourism destinations for temporary or permanent residences.
Residential tourism can lead to displacement of local people and their exclusion, as well as long-term effects on land utilization and demographics.
No, residential tourism is not entirely new to Goa. However, the state seems to be one of the destinations that is making this shift without realizing it.
Residential tourism can bring in revenue and investment, but it's crucial to ensure that the benefits are shared equitably among all stakeholders, including local communities.
The Goa government has been promoting tourism in the state, with initiatives aimed at regenerative tourism.
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