内容摘要:Abstract: Tourism real estate is considered as an attractive combination of the tourism industry and the real
estate industry, which has been growing in the past decades. However, the unexpected growth leads to some
problems challenging the justification and sustainability of the development of it. Dali, located in the northwest
of Yunnan province, has the ideal locality, landscape and resource for tourism real estate development.
The unique pattern of development and external market oriented sale strategy not only attract the developers
and investors but also provide researchers the tourism real estate as a good case to study in historic town. This
paper provides a case study of Dali and the field work was carried out substantially in 2008 and 2009. This
paper reveals the development process of tourism real estate in Dali, a historical town. A dual-dimensional
product spectrum including length of time for use and state of property ownership is constructed to classify