Economic Value of Tourism in Bunaken Island based on Travel Cost Method

Estimating the economic value of Khorram Abad Falak al-Aflak castle by regional travel cost method

Investigating the economic value of tourism areas is one of the topics of interest in studies of tourism economics. Investigating the economic value of recreational areas in terms of cost-benefit policy-making and tourism analysis is essential. The purpose of this study was to estimate the economic value of Falak al-Aflak castle of Khorram Abad by regional travel cost method. The research metho...

The Economic of Tourism and Travel Accommodation

A Travel Cost Analysis of the Recreational Value of Nature Based Tourism in Zambia

This paper estimates the demand for nature based tourist visits to Zambia and the willingness of international tourists to pay to visit Zambia using a single site individual travel cost model. The model estimated is corrected for both truncation of the dependent variable and endogenous stratification that arises due to on-site sampling. We find a negative binomial specification provides stable ...

economic evaluation of recreational value of choghakhor wetland, using travel cost method

outdoor recreation refers to various recreational activities, closely associated with natural environments. wetlands are the ecosystems which provide numerous goods and services with economic values, not only to the local population living in their periphery but also to communities living outside wetland. furthermore, wetlands provide some opportunities and amenities for human society’s well-be...

Value of Travel Time :Theoretical and Empirical Method

The value of travel time savings (VTTS) is the monetary value attached to save a determined amount of travel time. VTTS is also the most important benefit category aimed at justifying investments in transport infrastructures by public administrations. Hence VTTS played a significant role in various economic studies, both analytical and empirical (Zamparini & Reggiani, 2007). "It is difficult to...