scholarly journals A Business Case for Marine Protected Areas: Economic Valuation of the Reef Attributes of Cozumel Island

2021 ◽  
Vol 13 (8) ◽  
pp. 4307
Author(s):  
José Alberto Lara-Pulido ◽  
Ángela Mojica ◽  
Aaron Bruner ◽  
Alejandro Guevara-Sanginés ◽  
Cecilia Simon ◽  
...  
Keyword(s):  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Business Case ◽  
Substantial Effect ◽  
Local Economy ◽  
Cozumel Island ◽  
Reef Health ◽  
Economic Choices ◽  
High Congestion

Tourism to Cozumel Island generates USD 762 million annually in local economic activity, and 111 visitors stay in local hotels for each inhabitant. The island’s coast is its principal attraction, yet water quality and reef health are threatened. This paper studies the link between the local economy and management of Arrecifes de Cozumel National Park, using a choice experiment to assess the economic value visitors assign to underwater visibility, biodiversity, and visitor congestion in reef areas. We found that, on average, tourists are willing to pay USD 190 per visit to avoid a projected decrease in biodiversity, USD 120 per visit to prevent a projected decline in visibility, and USD 98 to avoid high congestion during reef visits. We find high heterogeneity in willingness to pay estimates, which may be useful for targeting both conservation and marketing efforts. On the other hand, increasing the reef access fee from USD 2 to USD 6 could fully fund effective protected area management, with no substantial effect on visitors’ consumer surplus. Results suggest that a conservation surcharge could be added to all tours, with little impact on visitation, and that significantly increasing private sector collaboration and government spending on conservation would be good economic choices.

scholarly journals The improvement of solidwaste management in Cibodas Botanical Garden through environmental economic valuation using the travel cost method

2019 ◽  
Vol 76 ◽  
pp. 03001
Author(s):  
Iwan Juwana ◽  
Muhammad Sirdar Albar
Keyword(s):  
Environmental Economic ◽  
Solid Waste Management ◽  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Botanical Garden ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Conservation Area ◽  
Total Economic Value

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.

scholarly journals The Economic Valuation of Marjoly Beach and Resort Tour with Travel Cost Method (Travel Cost Method) Bintan District, Riau Islands Province

2021 ◽  
Vol 26 (2) ◽  
pp. 115
Author(s):  
Tri Dian Handayani ◽  
Trisla Warningsih ◽  
Lamun Bathara
Keyword(s):  
Descriptive Analysis ◽  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Secondary Data ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Travel Costs ◽  
Total Economic Value ◽  
Method Approach

This research was conducted at Marjoly Beach and Resort, Bintan Regency, Riau Islands Province. This study aims to describe the accommodation and entertainment as well as the socio-economic characteristics of visitors to Marjoly Beach and Resort, to analyze the factors that influence tourist visits to Marjoly Beach and Resort, to analyze the amount of economic value obtained by Marjoly Beach and Resort by accidental sampling with a total of 30 respondents. . The data needed in this research include primary and secondary data. Data were analyzed using descriptive analysis and multiple linear regression and from consumer surplus using the travel cost method. Respondents are determined using the travel cost method approach by estimating the economic value seen from the consumer surplus. The results showed that the total travel costs incurred by all visitors as respondents were around Rp. 38,035,000. Factors that influence tourist visits to Marjoly Beach and Resort are travel costs, income and age. The consumer surplus value obtained from the travel cost method is Rp. 50,276,669.60/ person per year or Rp. 17,955,953.4/ person per visit, then the total economic value obtained from assuming a surplus of tourism consumers in Marjoly Beach and Resort is Rp. 2,295,129,967.25.

scholarly journals ECONOMIC VALUATION WITH TRAVEL COST METHOD (TCM) SLANIK WATERPARK SOUTH LAMPUNG DISTRICT

2021 ◽  
Vol 5 (1) ◽  
pp. 1-8
Author(s):  
Muhammad Teguh Wibowo ◽  
Zainal Abidin ◽  
Lina Marlina
Keyword(s):  
Linear Regression Analysis ◽  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Analysis Data ◽  
Multiple Linear Regression Analysis ◽  
Survey Method ◽  
Travel Costs ◽  
Satisfaction Index ◽  
Visitor Satisfaction

This study aims to analyze: (1) the factors that affecting the number of tourist visits, (2) the economic value of the Slanik Waterpark in South Lampung District, (3) the visitor satisfaction with tourism cost attribute. This study uses survey method involving 70 respondents who came during the COVID 19 outbreak. The first objective uses multiple linear regression analysis, the second objective uses consumer surplus analysis, and the third uses the Customer Satisfaction Index (CSI) analysis. Data was collected in June until July 2020. The research shows that the factors that influence the number of tourist visits Slanik Waterpark are travel costs and days of visits, the economic value of the Slanik Waterpark tourist attraction is IDR 13,060,150,376 every year, the visitors are satisfied with the cost attributes incurred when traveled to Slanik Waterpark.

Valuing marine parks in a small island developing state: a travel cost analysis in Seychelles

2013 ◽  
Vol 18 (4) ◽  
pp. 405-426 ◽  
Author(s):  
Paul Mwebaze ◽  
Alan MacLeod
Keyword(s):  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Small Island ◽  
Government Investment ◽  
Policy Makers ◽  
Goods And Services ◽  
Seychelles Islands ◽  
The Cost

AbstractA major problem facing the Seychelles islands is the decline in the quality and the value of marine protected areas (MPAs). Economic valuation can help guide policy makers to understand the value of marine resources and the cost of neglecting MPAs by expressing the value of their goods and services in monetary terms. This paper presents an analysis of the economic value of a group of marine parks in Seychelles. The travel cost method is used to establish willingness-to-pay of international tourists for trips to marine parks in Seychelles from their observed behaviour. The average per-trip consumer surplus is approximately €128 for single-site visitors and €65 for multiple-site visitors. The total social welfare value attributable to the recreational opportunity in marine parks is approximately €3.7 million annually. These results provide policy makers with a strong justification for government investment needed to maintain marine sites in Seychelles.

scholarly journals Economic Valuation of Marine Tourism in Small Island Using Travel Cost Method (Case Study: Untung Jawa Island, Indonesia)

Omni-Akuatika ◽  
2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Firman Zulpikar ◽  
Leo Alexander Tambunan ◽  
Siti Rahmi Utami ◽  
Warsono El Kiyat
Keyword(s):  
Positive Impact ◽  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Small Island ◽  
Travel Cost Method ◽  
Marine Tourism ◽  
Tourism Activity ◽  
Tourist Demand

Marine tourism activities in small islands have an important role in the development of Indonesia maritime sector. This study aimed to estimate the economic value of marine tourism activities in Untung Jawa Island. Individual Travel Cost Method (ITCM) was selected to analyze the level of tourism demand of Untung Jawa. Samples were taken from three different season visits are weekday, weekend, and national holidays. The results showed the factors that have an effect on the level of tourist demand of Untung Jawa Island are travel cost, income, and distance to the location. The potential economic value of marine tourism Untung Jawa Island was IDR 68,505,101,600 with consumer surplus of IDR 397,592 per individual trip. This value is higher than the average of actual visitor expenditure which reached IDR 296,860 per individual trip. Tourism activity has a positive impact on economic conditions of local communities. The results of this study have provided useful information for sustainable management of marine resources.

scholarly journals Valuasi Ekonomi Taman Wisata Alam Gunung Pancar Kabupaten Bogor

2020 ◽  
Vol 8 (2) ◽  
pp. 285
Author(s):  
Tatan Sukwika ◽  
Hendrietta Kasih
Keyword(s):  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Tourist Attractions ◽  
Visit Frequency ◽  
Nature Park ◽  
Total Economic Value

Mount Pancar Nature Park (TWAGP) was located in Karang Tengah Village, Babakan Madang District, Bogor Regency. As a unity of sustainability, the TWAGP ecosystem must be able to provide benefits with various values. In the context of the valuation approach, of course, there are practical and normative dimensions for selecting ecosystem services. This study aimed to determine the factors that affect the number of visits to TWAGP and calculate the economic valuation of TWAGP based on the travel cost method (TCM). The method used was TCM. This method was calculated based on total consumer surplus, the coefficient of travel expenses, and total visits respondents. The analysis showed that four factors influence visit frequency, to TWAGP including, cost of travel, level of education, length of knowledge and distance travelled. The consumer surplus of individuals per visit was Rp209.000, and the total economic value was Rp8.535.978.000. The recommendation is a response to the willingness of visitors to pay an additional entry fee than what enforced needs to followed by improving the quality of tourist attractions so that visitors are satisfied and increasingly want to return to visit.   Keyword: Consumer surplus, Economic valuation, Mount pancar nature park, Sustainability, Travel cost method

scholarly journals Economic Valuation of the Komodo National Park West Manggarai Regency, East Nusa Tenggara

2020 ◽  
Vol 7 (5) ◽  
pp. 628
Author(s):  
Hamza H. Wulakada ◽  
Agus A. Nalle ◽  
Fred L. Benu ◽  
Melkianus Tiro
Keyword(s):  
Development Policy ◽  
National Park ◽  
Linear Regression Analysis ◽  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Negative Effect ◽  
The Government ◽  
The Cost ◽  
Area Development

The study aims to determine the economic value of Komodo National Park (KNP) is an important information for the community and the government, so that area development policy should still consider the possibility of preservation and sustainability. The breakdown was done by descriptive qualitative and quantitative approach with the method of linear regression analysis. While it is to know the economic value of the attractions the KNP approximated by calculating the value of consumer surplus. The results showed that the factor of the cost of the trip, age of travelers, professional backgrounds and income levels have a significant influence on the level of tourist visits to the KNP. The cost of the trip and the age of the negative effect, while the background of the profession and the level of income give effect to a positive against the rate of tourist visits to the KNP. The Total value of the economic attractions of the KNP is estimated at IDR 60,358,019,952,567,-. Economic value this is the value potential that can be achieved if the management can still be maintained.

scholarly journals VALUASI EKONOMI YOUTH CAMP DI TAMAN HUTAN RAYA WAN ABDUL RACHMAN (Tahura WAR)

2021 ◽  
Vol 9 (3) ◽  
pp. 440
Author(s):  
Rahmat Rizky Maulana ◽  
Bustanul Arifin ◽  
Zainal Abidin
Keyword(s):  
Data Collection ◽  
Key Words ◽  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Factors Affecting ◽  
Forest Park ◽  
Travel Costs ◽  
Youth Camp ◽  
The Cost

The study aims at analyzing travel costs, economic valuations, and factors affecting the frequency of tourist visits to Youth Camp in Wan Abdul Rachman Forest Park. The research was conducted at the Youth Camp in Wan Abdul Rachman Forest Park involving 73 tourist visitors selected by the method of taking moment. Data collection was conducted in November-December 2018. Travel expenses are analyzed by the analysis of travel expenses, economic valuation is calculated using the calculation of travel expenses and consumer surplus and factors that influence the frequency of visitor visits analyzed using regression Poisson. The study shows that the cost of travel borne by visitors to the Youth Camp in Wan Abdul Rachman Forest Park amounted to IDR77,188.13 per individual, the highest travel cost was from the cost of consumption and lowest was from the cost of documentation and miscellaneous charges. Factors affecting the frequency of tourist visits to Youth Camp in Wan Abdul Rachman Forest Park were cost of travel, income, distance, and facilities. Economic value of the Youth Camp in Wan Abdul Rachman Forest Park by using the method of travel costs was IDR1,924,199,.823,454.41.Key words: economic valuation, frequency of visits, travel costs, Youth Camp.

The Factors Influencing Tourist Visitations Number in Curug Silawe

2019 ◽  
Vol 2 (3) ◽  
pp. 553-561
Author(s):  
Novian Hangga Prakosa ◽  
Fafurida Fafurida
Keyword(s):  
Economic Value ◽  
Consumer Surplus ◽  
Sampling Technique ◽  
Travel Cost ◽  
Analysis Tool ◽  
Literature Study ◽  
Factors Influencing ◽  
Negative Effect ◽  
Value Estimation ◽  
Positive Effect

The purposes of this research are to identify the influence of travel cost, income, distance, access, facilities, natural beautiness, and age on the number of individual visits to Curug Silawe and to estimate the economic value of Curug Silawe through individual travel cost method. The population in this study are tourists that visited Curug Silawe with sample of 98 respondents taken by the quota accidental sampling technique. The data collection method used are literature study and questionnaire. The analysis tool used are OLS linear regression and economic value estimation. The results showed the variables that influence the number of individual visits to Curug Silawe are income, distance and age. Income and age has a positive effect. While distance has a negative effect. The economic value of Curug Silawe reached IDR 1,109,930,140.48 per year. This value is obtained from consumer surplus obtained per individual per year of IDR 308,656.88. Tujuan dari penelitian ini adalah untuk mengidentifikasi pengaruh biaya perjalanan, pendapatan, jarak, akses, fasilitas, keindahan alam, dan usia pada jumlah kunjungan individu ke Curug Silawe dan untuk memperkirakan nilai ekonomi Curug Silawe melalui metode biaya perjalanan individu . Populasi dalam penelitian ini adalah wisatawan yang berkunjung ke Curug Silawe dengan sampel 98 responden yang diambil dengan teknik quota accidental sampling. Metode pengumpulan data yang digunakan adalah studi literatur dan kuesioner. Alat analisis yang digunakan adalah regresi linear OLS dan estimasi nilai ekonomi. Hasil penelitian menunjukkan variabel yang mempengaruhi jumlah kunjungan individu ke Curug Silawe adalah pendapatan, jarak dan usia. Penghasilan dan usia memiliki efek positif. Sedangkan jarak memiliki efek negatif. Nilai ekonomi Curug Silawe mencapai Rp1.109.930.140,48 per tahun. Nilai ini diperoleh dari surplus konsumen yang diperoleh per individu per tahun sebesar Rp308.656,88.

Rationales of gender diversity management policies and practices in India: an exploratory empirical study in the Indian IT/ITeS industry

2020 ◽  
Vol 39 (6) ◽  
pp. 667-688
Author(s):  
Shreyashi Chakraborty ◽  
Leena Chatterjee
Keyword(s):  
Survey Methodology ◽  
Economic Value ◽  
Gender Diversity ◽  
Diversity Management ◽  
Business Case ◽  
Full Time ◽  
Content Type ◽  
Indian Context ◽  
Management Policies ◽  
Policies And Practices

PurposeThe Indian context is marked with weak anti-discrimination laws and patchy implementation of protection of civil rights of women at workplaces. The purpose of this paper is to unearth the rationales of the adoption of gender diversity management policies and practices in India, in the absence of laws and regulations.Design/methodology/approachInspiration is drawn from previous studies on diversity management in other national contexts, and a survey methodology was adopted. The lead researcher administered the questionnaires personally to all respondents to ensure that the understanding of the questions is uniform across respondents as gender diversity management is a relatively new concept in India.FindingsSize of the organisation (number of full-time employees), the influence of external organisations and perceived enhanced organisational flexibility were found to explain the adoption of gender diversity management policies and practices in the Indian IT/ITeS industry. Findings also indicate that Indian subsidiaries of foreign multinationals tend to adopt more gender diversity management policies and practices as compared to Indian-owned organisations.Research implicationsThis study provides evidence that organisations do not always enact structures or behaviours in the pursuit of normative rationality and also consider the economic value of them, establishing an organisational agency in adopting legitimated norms or practices. The study also shows that gender diversity management policies and practices are not only dependent on the enactment of laws but also are adopted because of the economic benefit perceived.Originality/valueDiversity management policies and practices have been mostly studied in national contexts with anti-discrimination laws or affirmative action programs and have been claimed to be a successor of equal employment opportunity (EEO) policies. In the absence of stringent laws to reduce or eliminate discrimination against women employees in Indian workplaces, this study contributes to the literature by determining whether the business case for gender diversity drives the adoption of gender diversity management in the Indian context.

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