One of the result is less and less “true” residents. That’s what is happening with airbnb, where some people prefer to move away and dedicate their appart to tourism, even if it’s only for part of the year.
Or restaurants and other services used by everyone get tourism focused, and while money flows in, quality of life goes down.
I think that’s one case where money doesn’t solve the issue (provided it’s an issue to solve, some might argue)
If someone has an example of a city that manages to use taxes/regulation on tourism to provide for the people who have to live there I'd like to hear it.
That does not solve the other large problem; most residents do not want to live in a hotel district with other tourists, and especially not as hallway or floor mates. And residents do not want new hotel builds or conversions competing with apartments. With traditional hotels this is solved with permits and zoning, but AirBnB is usable on pretty much all residential units.
Saying moving is an option trivializes how difficult moving can be, and is about as helpful as saying, "If you don't like the current president, why don't you just move to another country?"
The other argument I see is that it prices out locals. Sure, allowing someone to own a 6-unit building and rent it out as a de-facto hotel will increase housing prices. But allowing locals to rent out their apartment while they're traveling has the opposite effect - it makes property more affordable by increasing utilization.
Allowing people to rent out their apartment doesn't make property more affordable, it allows people to bid up rents with AirBnB income and it prices out people on the margins unable or unwilling to rent out their own home.
I don't get a dime if someone starts renting next door via airbnb to endless parties of nightlife addicted tourists.
I shit you not (believe me, I wish I were), the town is looking into running it's own pet cemetery. If that isn't boondoggle waste I don't know what is.
Locals still pay high vehicle excise taxes, town dump fees are sky high (the rust belt city I now live in takes my trash away every week for less $$), there's a big fee for a (local resident) beach parking lot pass, etc, etc so it's not like the town is using it's windfall to ease the burden on everyone else.
I think expecting a suddenly cash flush government to fairly distribute it is a recipe for disappointment. I would be very wary of the "profit centers" (e.g. hospitality industry) achieving something akin to regulatory capture whereby they get whatever they want because they're the money makers for the town.
I'd love for municipalities to be able to make money hand over fist using tourism and then use that money to provide for their citizens (like Norway does with oil money) but I have near zero confidence that can happen without being corrupted by special interests and the well connected.
1. Gouge the hell out of tourists by jacking up the taxes on hotels & tourist attractions. Exemptions provided only for those with local IDs/passports
2. Redistribute the resulting tax dollars to all city residents
Either you will successfully drive away all tourists, or you'll be making so much money that your residents will love them.
The fact that no city is actually doing this, makes me think that no one really has a problem with "overtourism". They just love to complain about it, while still hooked to the GDP boost tourists bring.