Estimating the recreational value of Pakistan's largest freshwater lake to support sustainable tourism management using a travel cost model

Geotourism is a new phenomenon, which has emerged in the tourism literature during the past two decades, and whose meaning suffered from global census. Geotourism is still a new discipline and relatively little has been written about its demand side, demonstrated by a lack of studies in the literature This article studies the recreational value of geotourism areas, and focuses on the first geopark in the Czech Republic, namely the Czech Paradise Geopark. To assess the recreational value the travel cost method is applied, specifically the individual travel cost model. The necessary research data was gathered through intensive tourist surveys conducted in the study area. Data gathered in the respondents’ survey served to determine the consumer surplus as a measure of recreational value and to develop the single site travel cost model. The dependent variable in the conducted model is the number of visits in the area and among the independent variables, studied age, education, travel cost, family status, economic activity and income. The results were subsequently compared to findings in the available literature, research works and case studies.

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The economic value of flower tourism at the Namaqua National Park, South Africa

South African Journal of Economic and Management Sciences ◽

10.4102/sajems.v10i4.1058 ◽

2014 ◽

Vol 10 (4) ◽

pp. 442-456 ◽

Cited By ~ 3

Author(s):

I James ◽

T Hoffman ◽

A Munro ◽

P O'Farell ◽

R Smart

Keyword(s):

South Africa ◽

National Park ◽

Cost Model ◽

Economic Value ◽

Travel Cost ◽

Travel Cost Method ◽

Recreational Value ◽

Travel Cost Model ◽

Route Information

The travel cost method was used to estimate the economic recreational value of flower viewing at the Namaqua National Park. Demographic, time, expenditure, preference and route information was collected from interviews with 160 SA nationals who visited the park in their own car. Visitors spent an average of $US108 on transportation and $US84 on accommodation in the region. A zonal travel cost model was developed which suggests that the economic recreational value of flower viewing at the park makes to the region is far larger than the annual net loss of $US50 000 which the park makes when only the expenses and revenue of the park are considered.

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Effects of Ad-hoc Data Truncation and Homogeneous Preferences on Recreational Demand and Values: An Application to the George Washington and Jefferson National Forests

Journal of Agricultural and Applied Economics ◽

10.1017/aae.2020.30 ◽

2021 ◽

pp. 1-15

Author(s):

Kavita Sardana ◽

John C. Bergstrom ◽

J. M. Bowker

Keyword(s):

Latent Class ◽

Ad Hoc ◽

Cost Model ◽

Consumer Surplus ◽

Poisson Model ◽

Travel Cost ◽

National Forests ◽

Heterogeneous Preferences ◽

George Washington ◽

Travel Cost Model

Abstract We estimate a travel cost model for the George Washington & Jefferson National Forests using an On-Site Latent Class Poisson Model. We show that the constraints of ad-hoc truncation and homogenous preferences significantly impact consumer surplus estimates derived from the on-site travel cost model. By relaxing the constraints, we show that more than one class of visitors with unique preferences exists in the population. The resulting demand functions, price responsive behaviors, and consumer surplus estimates reflect differences across these classes of visitors. With heterogeneous preferences, a group of ‘local residents’ exists with a probability of 8% and, on average take 113 visits.

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¿Es relevante la biodiversidad en la decisión de visita a los parques nacionales en el Perú?

Economía Agraria y Recursos Naturales ◽

10.7201/earn.2020.02.01. ◽

2020 ◽

Vol 20 (2) ◽

pp. 7

Author(s):

Waldemar Mercado ◽

Felipe Vásquez Lavín ◽

Karina Ubillus ◽

Carlos Enrique Orihuela

Keyword(s):

Cost Model ◽

Conservation Policy ◽

Travel Cost ◽

Travel Cost Model ◽

Natural Parks ◽

The Cost

<div data-canvas-width="450.13143999999994">The aim was to determine the importance of the biodiversity on the decision to visit six Natural Parks of Peru. For this, a sample of tourists and the discrete travel cost model are used to estimate the demand of multiple places with different attributes. The results confirm that the probability of choice depends on the access routes, the biodiversity, the distance, and the cost of the trip. The effect of the biodiversity is less important than that of access routes. A conservation policy that considers these attributes will be key for the management of the biodiversity.</div>

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