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Not settled

These markets are under direct influence of local visitors as well tourists since traders and local authorities respond to general behaviour of such visitors and introduce changes in markets that would satisfy consumers’ demand. Where local residents and individuals operating in these street markets mainly share same cultural and social background, it is important to examine how such markets respond to requirements of tourists. The purpose of this research is to examine possible impacts of tourism on street markets of London. The research methodology selected is qualitative form of study and various secondary sources have been used to support it. The sample selected for this research includes Camden markets, Borough market, Brick Lane market and Portobello market. The findings of the research indicated that tourism and tourists’ spending are directly related to developments taken place and changes being introduced in these markets by the authorities. Where these changes have played a positive role for some of the markets economically, they are also considered as threats to originality and authenticity of these places. Furthermore, nature and location plays an important role in shaping these trends of changes being taking place in London’s street markets. Contents Abstract 2 1.Introduction 4 1.1 Research Objective 7 2. Literature Review 7 2.1 Definition of Tourism 8 2.2 Economic Value of Tourism in London 9 2.3 Analysis of London Street Markets 10 2.3.1 Camden Markets- North London 10 2.3.2 Borough Market- Central London 13 2.3.3 Brick Lane Market- East 15 2.3.4 Portobello Market- West 17 2.4 Analysis of Tourism Theories 18 2.4.1 Growth Pole Theory 18 2.4.2 Cluster Theory 19 2.4.3 Florida’s Creative Class Paradigm 21 3.0 Research Methodology 23 3.1 Research Objective 23 3.2 Research Method 23 3.3 Research Questions 24 3.4 Research Philosophy 24 3.5 Primary Data- Advantages & Disadvantages 25 3.6 Secondary Data- Advantages & Disadvantages 26 4. Discussion 26 4.1 Nature of Market 27 4.2 Recognition of Tourism by Management and Town Authorities 30 4.3 Expansion and Renovation of Street Markets 31 4.4 Political Factors 32 4.5 Tourism as Threat to Authenticity of Local Culture 33 4.6 Changes in Product Line 34 5. Conclusion 36 1. Introduction Tourism has been considered as one of the major industries that not only provide economic benefits to the economy of host country but also has a significant impact on its cultural, social, political and economic landscape as well. Due to influx of citizens of countries having different cultural backgrounds, tourism is expected to bring out cultural, social and economic changes at micro levels as well. London is one of the most famous tourists’ destinations receiving millions of visitors every year for multiple purposes. The demographic attributes of these visitors are vast and are directly linked to economic development of this cosmopolitan city. It is important to note that over the period of time, local markets and their trends respond to requirements of tourists along with maintaining their original theme. However, sometimes these changes become dominant than the original culture of the place. Street markets are one of those places that are under direct influence of such tourists due to direct interaction between tourists, traders, management of such places and other personnel, and social elements involved. They are considered as a source of major revenue ...Show more

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Impact of Tourism on London’s Street Markets Dissertation Date Course ID Abstract Tourism is considered as a major source of revenue generation for global economies. In order to attract tourists, governments pay special attention to developing natural and man-made tourists’ destinations…
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