Application of travel cost method to estimate tourism recreational value of Assam State Zoo cum Botanical Garden, Guwahati, Assam, India

Cibodas Botanical Garden (CBG) is believed to have high environmental value for its function as conservation area and beautiful scenery. However, prior to this research, there is lack of economic valuation to determine the total value of CBG, including its environment. The local government, on the other hand, needs such environmental economic valuation to execute better decisions related to the CBG. This study aims at providing the mostly-needed economic valuation through the application of Travel Cost Method. The Travel Cost Method (TCM) is a method to calculate the economic value of products or services that do not own market value. This method utilises total cost of consumers who travel to certain places, preferably tourist destinations. The cost spent by consumers are considered as their willingness to pay (WTP) for the visited destination(s). In this study, TCM is used by preparing questionnaires for Cibodas visitors, analysing the results of the questionnaires, calculating the total economic value (TEV) of Cibodas, determining the consumer surplus, and proposing environmental programs at CBG. At the end, it was calculated that the TEV of Cibodas Botanical Garden is IDR113,072,532,700 with average WTP of the visitors IDR202,484 per visitor and the consumer surplus of IDR32,344 per visitor. Also, this study reveals that solid waste management improvement at CBG can be funded by potential income from the consumer surplus.

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An economic evaluation of a forest park using the individual travel cost method (a case study of Ghaleh Rudkhan forest park in northern Iran)

Environmental & Socio-economic Studies ◽

10.2478/environ-2018-0014 ◽

2018 ◽

Vol 6 (2) ◽

pp. 48-55 ◽

Cited By ~ 1

Author(s):

Solmaz Zandi ◽

Soleiman Mohammadi Limaei ◽

Neda Amiri

Keyword(s):

Ecosystem Services ◽

Economic Value ◽

Market Price ◽

Consumer Surplus ◽

Travel Cost ◽

Travel Cost Method ◽

Northern Iran ◽

Forest Park ◽

Recreational Value ◽

The Individual

AbstractThe true economic value of ecosystem services may not be reflected in market transactions, because there is no real transaction for ecosystem services in the market. Therefore, it is important to evaluate the cost of time and travel to define the value people place on something in the absence of a market price. This study estimates the recreational value of Ghaleh Rudkhan forest park in the north of Iran using the individual travel cost method. This method is considered to be a substitute approach for the market. The data required were collected using questionnaires. Therefore, 271 questionnaires were randomly distributed between the visitors of the recreational site in 2016. In this study, a linear function is used to estimate the effects of explanatory variables including economic and social variables on the number of visits to estimate the recreational value of the forest park. Results showed that a consumer surplus of each person for their visit was 21500 Rials and the annual recreational value of the park was 78390595 Rials per ha. Furthermore, the variables such as travel expenses, income, distance, family size and visitor’s age are effective factors in the recreational use of the park. The results of this study can improve the quality of environmental services of the Ghaleh Rudkhan forest park and could expand the variety of services that they could supply based on the demand of the people.

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Estimating Recreational Value of Foy's Lake: An Application of Travel Cost Count Data Model for Truncated Zeros

10.20944/preprints201702.0032.v1 ◽

2017 ◽

Author(s):

Md. Touhidul Alam ◽

Anis-Ul-Ekram Chowdury ◽

Md. Sajib Hossian

Keyword(s):

Regression Model ◽

Count Data ◽

Data Model ◽

Poisson Regression ◽

Consumer Surplus ◽

Travel Cost ◽

Travel Cost Method ◽

Poisson Regression Model ◽

Recreational Value ◽

Recreational Benefits

To estimate the recreational value provided by the Foy’s Lake annually using the most applicable model for on-site data is the main objective of this study. Adhere to the objective of this study; Individual Travel Cost Method (ITCM) has been applied and Zero Truncated Poisson Regression Model has been found plausible among other models to estimate consumer surplus. Based on the findings of the study, an estimate of the consumer surplus or recreational benefits per trip per visitor can be recommended as BDT 5,875 or US $ 73.44 and counting the consumer surplus per trip per visitor, the annual recreational value (total consumer surplus) provided by the lake is found to be BDT 321 million or US $ 40.2 million.

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Impacts of boating trip limitations on the recreational value of the Spreewald wetland: a pooled revealed/contingent behaviour application of the travel cost method

Journal of Environmental Planning and Management ◽

10.1080/09640568.2010.505827 ◽

2011 ◽

Vol 54 (2) ◽

pp. 211-226 ◽

Cited By ~ 10

Author(s):

Malte Grossmann

Keyword(s):

Travel Cost ◽

Travel Cost Method ◽

Recreational Value ◽

Contingent Behaviour

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Social and recreational value of waves: application of the Zonal Travel Cost Method with surfers from Icaraí beach (Caucaia, Ceará, Brazil)

Ateliê Geográfico ◽

10.5216/ag.v15i1.66540 ◽

2021 ◽

Vol 15 (1) ◽

pp. 26-49

Author(s):

Melvin Leisner ◽

Davis Pereira de Paula

Keyword(s):

Coastal Management ◽

Management Strategy ◽

Travel Cost ◽

Economic Benefits ◽

Local Economy ◽

Travel Cost Method ◽

Recreational Value ◽

The Social ◽

Abiotic Resources ◽

Decision Making Processes

This article presents the results of an analysis of the social and recreational value of waves at Icaraí Beach, located in Caucaia municipality, Ceará, Northeast Brazil. The evaluation of the wave resource followed the Zonal Travel Cost Method, a fundamental tool for obtaining economic estimates of ecosystem services that are not subject to market forces. The method provides a valuation of unique abiotic resources that underpin tourism, sporting and recreational economies. For data collection, 50 questionnaires with open and closed questions were administered from February to July 2019 to a specific audience, the local surfers. The social value of Icaraí’s surf break is strongly related to the surfers' familiarity with the beach, as well as in the perception of the wave resource as a profitable attraction for the local economy. It is estimated that the economic benefit of the surf break at Icaraí Beach is US$ 288,364 per annum, which is spent by 1,185 surfers, averaging US$ 1.37 for each surf trip. In summary, the values reflect economic benefits for the municipality of Caucaia and can assist decision-making processes, contributing to the protection and maintenance of the beach by incorporating wave resources into an effective coastal management strategy. Keywords: Value of waves. Surfers. Surfing. Cost of Travel Method. Coastal Management.

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