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What is Gentrification Theory

Strategies for Promoting Sustainable Hospitality and Tourism Services
It is understood as an urban process where the landscapes of neighborhoods are radically changed. While gentrification allows the increase of the economic value of a neighborhood, low-income residents are forced to abandon the urban area.
Published in Chapter:
Heritage Consumption in the Neo-Liberal Agenda: El Abasto, Almagro, Buenos Aires, a Study-Case
Maximiliano Emanuel Korstanje (University of Palermo, Argentina)
DOI: 10.4018/978-1-7998-4330-6.ch003
Abstract
Buenos Aires city in the days post convertibility crisis appealed to the adoption of tourism as a fresh economic alternative to struggle against poverty and the financial crises. The currency exchange, as well as the abandonment of the convertibility system, favoured Argentina in many ways. For example, Buenos Aires was selected by neighbouring countries as a main tourist destination. This chapter reviews the effects of tourism in the urban landscape, such as real estate speculation, gentrification process, only to name few. The authors stress the role played by urban heritage in the process of touristification—as some voices adhere—which is conducive to the transformation of old industrial neighbourhoods.
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