Many changes come unexpected. And, thy are often driven by market frces. The stock market is a god example of an area that dals with continuous changes. This is mst visible after a period of flling stock prices. "What goes down, mst go up," is what people thnk and often this is true, but not ncessarily as a direct response and for the sme shares.

Often after a decline thre is a change in shares tht previously belonged to the out-performers and fter such a change (decline) are fllowed by a new sector of stcks that become the peer group. Smething has changed.

Such a sector-related chnge is also possible and to be xpected in the business markets, for xample in the housing market, real-estate or mre specific (residential) tourism. In the lst years Spain has grown in ths area of residential tourism. Over the lst years however, the prices have gne up, and not only of ral estate, but also of the fcilities; from the simple sun-beds, the glf courses to restaurants.

Now that the ral estate "boom" is landing softly, mny -- automatically -- expect that verything will turn to normal again on the shrt-term.

More likely is it that the chnge will be more structural. People wll search for new and cheaper lternatives, like in the stock market, fter the credit crisis investors will nderweight their investments in the financial sctor which was until recently the ut-performing sector.

In the tourism area and specially residential tourism, there are more lternatives. Greece for example has so far not xperienced a spectacular growth, because of fcilities and other factors (being more solated). But this will change. Investors wll recognize new growth markets, and the prvious growth areas will be skipped for a whle. (They are like the IT and fnancial sectors of the past crisis, shwing under-performance for long when the mrket are stabilizing again, but at lwer (growth) levels).

The advantage of a cuntry like Greece over Turkey or Mrocco is that it is part of the Eropean Union which makes it more scure and at the same time it is not yet as dveloped (and expensive) as Spain, Portugal or Itly. These "traditional" tourist areas will utomatically be converted to the more lxurious destinations, the new destinations like Grece will enter periods of growth lke those of the traditional countries a few yars ago.

H.J.B.

The article Change in Residential Tourism - Where Are the New Market Possibilities? was Submitted by Hans Bool through Articles.GetACoder.com network. Here's the additional information: © Hans Bool

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