The Impact of Tourism Real Estate Development on Perceived Value of Local Residents

In the process of tourism real estate development, more attention has been paid to economic benefits than local residents' psychological feelings. So it happens frequently that the rewards of tourism real estate development are unevenly distributed between the residents and the developers in China. Therefore, lack of residents' satisfaction with the space will influence the long-term viability of the tourism real estate project. This article attempts to examine the perceived value of the local residents in the land of tourism real estate development and to explore the relationship between the residents' perceived value and the impact of tourism real estate development. Results will give advice on tourism real estate development from the perspective of the residents' perceived value.