FYI, hipsterization is called "gentrification" by most people talking about the phenomenon of original communities being displaced by an influx of wealthier workers (and they are, by and large, hipsters in the areas where I've seen it first hand)

Yes, the locals who work in industries that directly benefit from the influx of foreign spending love it. The criticism will come from a few directions I think:

1. The same people who are highly concerned about economic inequality and "social justice" within western countries today.

2. Locals of developing countries who do no benefit from the foreign spending or are even hurt by it (e.g., middle or upper class locals who lose their relatively privaleged status to foreigners).

3. Local men who see foreigners as "stealing" their women.

Without paying local income tax. Local sales tax (if any) is still being paid.