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Identifying the Factors of Delayed Development on the Tourism-Leisure Type Enterprise City Project

  • Journal of Tourism Sciences
  • Abbr : JTS
  • 2010, 34(9), pp.211-226
  • Publisher : The Tourism Sciences Society Of Korea
  • Research Area : Social Science > Tourism

Kim, Sung-Jin 1

1한국문화관광연구원

Accredited

ABSTRACT

This study was to investigate the factors of delayed development on tourism- leisure type enterprise city project. Based on the review of related literature, laws and plans, 48 items of the delay factors were initially extracted. Then, these items were categorized into 4 factors(project characteristics factor, developer factor, political and economic factor, and institutional factor). 35 items were finally identified through interviews with 4 developers and 5 experts. Results of a survey of 98 developers, local government officials, and experts showed that the political and economic factor including recent financial crisis, real estate market depression, and change of government attention had a most important impact on the project delay. Results also showed that the developer factor including the difficulties of funding made an important impact on the delay. Furthermore, while developers and local government officials evaluated the project characteristics as the most important factor of the delay, experts considered the developer factor as the most factor of the delay.

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