A highly heterogenous group of actors develops, owns, manages, and purchases tourism property around the globe. In this paper, we discuss the rise of “tourism-led rentier capitalism”—which is a particular fraction of capital—and its variegated dimensions. Although tourism property investors do not operate as a monolithic bloc or a socio-economic class, they share similar interests and collectively reshape tourism destinations by extracting tourism rent, a form of monopoly and differential rent, which can be derived from natural and public goods or sign values and imaginations of places that imbue meaning and value into locational attributes. As such, they contribute to unevenly developed and variegated geographies of property investment which are nonetheless driven by common, underlying mechanisms and spatial practices. The conversion of tourism destinations into financialised accumulation frontiers is one broader outcome of tourism-led rentier capitalism. The extraction of tourism rent is another.

中文翻译：

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旅游业主导的食利资本主义：从旅游地产投资中提取租金和价值

一群高度异质的参与者在全球范围内开发、拥有、管理和购买旅游地产。在本文中，我们讨论“旅游业主导的食利资本主义”（资本的一个特定部分）的兴起及其多样化的维度。尽管旅游地产投资者并非作为一个整体或一个社会经济阶层运作，但他们有着相似的利益，并通过提取旅游租金（一种垄断和级差租金）来集体重塑旅游目的地，旅游租金可以来自自然和公共物品或标志价值和地方想象，将意义和价值融入位置属性。因此，它们导致了房地产投资的发展不平衡和多样化，尽管如此，这些投资仍然是由共同的、潜在的机制和空间实践驱动的。旅游目的地向金融化积累前沿的转变是旅游业主导的食利资本主义的更广泛的结果。提取旅游租金是另一回事。