As the struggle goes on to recover from the aftermath of the biggest earthquake ever seen, where there can be no underestimating the scale of the human devastation wrought by Asia's horrific tsunamis, and yet the overall economic impact is minimal.
Tourism is a unique industry. It can effectively create its own demand through the creation of attractions and provision of supporting infrastructure, following the "build it and they will come" approach.
In the October 1986 issue of The Apprasial Journal, Anthony Reynolds, MAI, wrote an article for the Notes and Comments section entitled "Attributing Hotel Income to Real Estate and to Personalty." His comment eessentially focused on an article that