Partially yes, but AirBnB and similar caused widespread effect of flats and apartment buildings being turned into a hotels.
Residents of a city (via local government) may have some influence on hotel/mall/parking lot construction but this fails when anyone may buy apartments and starts hotel there anyway.
Residents of a city (via local government) may have some influence on hotel/mall/parking lot construction but this fails when anyone may buy apartments and starts hotel there anyway.