Tourism not only contributes to revitalizing the local economy, including income and the new employment creation and diversification of the local economy, but also plays a role in cultural exchanges through environmental improvement and the influx of ...
Tourism not only contributes to revitalizing the local economy, including income and the new employment creation and diversification of the local economy, but also plays a role in cultural exchanges through environmental improvement and the influx of tourists. In particular, urban regeneration projects are being carried out to solve the aging problem of urban areas, and tourist attractions are seeking to revitalize the economy along with the physical improvement of the local environment. As manufacturing-based industries have fled to the outside, Busan has set "culture and tourism, attractive cities" as its main goal for the reorganization of the Busan economy and is implementing various policies.
Inspired by the successful urban regeneration projects such as "Gamcheon Culture Village" and "Choryang Ibagu-Gil," the government is striving to improve the residential environment and revitalize the economy of residents through urban regeneration projects. In recent years, tourism has pursued individual and qualitative aspects in contrast to mass tourism, which is a traditional form of tourism. In addition, while the discourse on sustainable growth is attracting attention in various fields of society, the discussion on sustainable tourism development is also expanding.
Sustainable tourism can be realized through environmental, economic, and social sustainability and participation of local residents, rather than creating tourist destinations through artificial sculptures and uniform development. Environmental sustainability means preserving local natural resources and developing tourist destinations in harmony with the local environment. Economic sustainability refers to the increase of economic benefits such as job creation through employment expansion for local residents and a virtuous cycle of local reinvestment through increased local tax revenue. Social sustainability is planning and executing in a way that minimizes the various side effects that arise from the development of tourist destinations, and local resident participation means inducing resident participation by winning from the planning stage to development execution and then to the actual operation stage.
Tourism-type urban regeneration projects can be viewed as a form of sustainable tourism. Since the tourism target of this project is the home and living space of local residents, support for tourism development by local residents and joint value creation actions for tourists and local residents are essential for the development of a sustainable urban regeneration project.
The purpose of this study is to explore the effect of residents' perception of sustainable tourism on support for tourism development and co-creation of values. In particular, it is intended to draw academic and practical implications by conducting empirical research on urban regeneration projects that are ongoing in the Busan area. To achieve this research goal, variables and research hypotheses were established based on prior research, and a survey was conducted on local residents of six districts in Busan's major urban regeneration projects.
For empirical analysis, frequency analysis, exploratory and confirmative factor analysis, reliability analysis, and correlation analysis are performed. Structural equation analysis determines whether to adopt the research hypothesis.
The findings are as follows. First, recognition of sustainable tourism economic benefits, recognition of social costs and resident participation have had a significant impact on tourism development support, but environmental sustainability recognition has no significant impact on tourism development support. Second, recognition of sustainable tourism environmental sustainability, recognition of economic benefits and recognition of social costs have had a significant impact on value co-creation, but recognition of resident participation has no significant impact on value co-creation. Third, tourism development sites have shown significant positive effects on value co-creation.
The results of the above study are as follows. Support for tourism development by local residents is needed for sustainable tourism in urban regeneration areas. This has been found to require increased economic benefits, reduced social costs, and community participation. In addition, value co-creation activities should be made through tourism development support, which can be recognized as a good experience as a result of tourists feeling comfortable and welcoming.
Finally, additional research is expected to be needed on the rejection of hypotheses on the impact of environmental sustainability on tourism development support, and antecedent variables for the co-creation of tourist and local residents' values.