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This destination-wide, longitudinal case analysis provides an examination of the growth of strata titled tourism accommodation (STTA) on Australia’s Gold Coast. The observations signify that the first decade of the 21st century has seen a continuing amplification of the dominance of STTA developments on the Gold Coast. Data supportive of the view that an attempt to consolidate an old STTA complex into a larger rejuvenated tourism complex can become an insurmountable challenge is also provided. Noting the extent to which this challenge can jeopardize the long-term sustainability of a tourism destination core that has a high STTA density, has resulted in the development of a provocative analogy that likens STTA intensification to the growth stages of cancer. [ABSTRACT FROM PUBLISHER]

Purpose – The purpose of this paper is to advance a set of criteria for appraising the merits of alternative options to financing common property capital expenditure in multi-owned housing (MOH) complexes and to then draw on this conceptual framework to determine which mode of common property capital expenditure funding is preferable. Design/methodology/approach – A priori reasoning has been provided to pursue the study's objective. Findings – Sinking funds represent the preferred approach to financing common property expenditure in MOH schemes and special levies are the least preferred approach. Research limitations/implications – Due to the a priori based conceptual development undertaken, some subjectivity is bound to be invoked. Practical implications – The study provides key insights to government policy makers charged with drafting MOH legislation and provides strong support for those jurisdictions that require sinking funds to be raised in MOH complexes. The study also informs the owners executive committees of MOH schemes of the benefits of maintaining sinking funds. Social Implications – The study highlights the considerable MOH unit owner financial distress that can be averted by pursuing a policy of raising sinking funds. Originality/value – The study has immense originality, as it is the first academic study to focus on MOH common property capital expenditure issues. [ABSTRACT FROM AUTHOR]

Abstract: This paper reports the interview findings of a study designed to appraise differential agency challenges arising between unit owners and resident managers in three distinct types of strata titled tourism accommodation (STTA) operation. The three distinct contexts of STTA management delivery investigated are: 1) management service provision by small independent owner-operators in a single STTA apartment complex, 2) management service provision in strata titled hotels, and 3) management service provision by organizations that manage multiple STTA apartment complexes. Using the four dimensional agency theoretical framework developed by , it has been found that the potential for agency challenges appear to be greatest in the context of an STTA complex managed by a small independent owner-operator. [Copyright &y& Elsevier]

This study represents the first providing a definition of the strata titled tourism accommodation (STTA) sub-sector of the tourism industry. This definition is achieved by identifying the stakeholders that collectively comprise the sub-sector. There is a paucity of prior research concerned with this increasingly significant form of tourism accommodation (). This is despite the significance of accommodation to the tourism economy (Cooper et al., 1998) and STTA's rapid growth (Guilding et al., 2005). Stakeholder theory has been drawn upon to explore, identify and classify the key players involved in the Australian STTA sector. The study also provides a commentary on the different STTA roles played by the stakeholders and the nature and extent of their perceived engagement with the tourism industry. [Copyright &y& Elsevier]

Abstract: Across the Western World there has been significant expansion in the multi-ownership of tourism accommodation complexes in recent years. Despite this development, this is believed to be the first study to attempt a holistic synthesis of the range of forms and structures that multi-owned tourism accommodation (MOTA) complexes can assume. A spectrum of MOTA types is developed based on the notion that MOTA complexes can exhibit varying degrees of ownership. This synthesis of MOTA types lays the basis for an evaluation of the relative merits of different MOTA types. A commentary is provided concerning the difficulty of quantifying MOTA growth and the nature of challenges that MOTA can present to a range of stakeholders. [Copyright &y& Elsevier]

Abstract: The growth of multi-titled tourist accommodation (MTTA) complexes represents a significant addition to our conventional conception of forms of short-term accommodation. MTTA complexes are assuming a variety of forms and appear to be proliferating in many parts of the world. This study investigates the international growth of MTTA, with particular emphasis attached to the Australian experience. It also outlines the nature of the new MTTA paradigm, advances a typology of MTTA organisations and identifies the factors accounting for the increased incidence of MTTA. [Copyright &y& Elsevier]

This paper draws on field study data to provide an examination of the condominium owner/manager relationship in the Australian tourism context. Although there has been considerable growth in tourism accommodation owned through strata-title, no research examining the somewhat idiosyncratic relationship between unit owners and resident managers has been found in the literature. The peculiar nature of the relationship underlines its significance as a context in which to apply the agency theoretical model. As Australian condominium resident unit managers provide letting and caretaker services for condominium unit owners, it appears that the relationship can be justifiably viewed as a principal-agent exchange (Mills, P.K., J. Business Res. 20 (1990) 31). The study specifically focuses on strata title condominiums located in major tourism regions. This sub-sector of the condominium management industry was chosen for study because it exhibits several key attributes distinguishing it from the non-tourist-based condominium sector. For example, two different parties represent the principal (resident owners and investor owners), also a significant proportion of a resident manager's work relates to the management of short-term holiday unit letting. In light of the particular agency relationship dynamics arising in large tourist-based condominium governance, several suggestions concerning the legal environment of the industry are provided. [ABSTRACT FROM AUTHOR]