An Economic Valuation Analysis of Buccoo Reef Marine Park, Tobago, West Indies

An Economic Valuation Analysis of Buccoo Reef Marine Park, Tobago, West Indies

Primary Country: Trinidad and Tobago
Ecosystem: coral reef
Sample Value Estimates:
(a) US$11.72 calculated median Willingness To Pay by tourists as an additional entry fee to Buccoo Reef Marine Park (BRMP), using data from 164 tourists (b) US$4,734,835 annual expenditures international visitors (c) US$ 1,018,436 annual expenditures for domestic visitors (d) US$2,461,796 total expenditure if halved visitors
Methodology: Contingent Valuation Method
Region: Americas
Data source: IMS/REMP

Publication information

Da Costa, D.J. “An Economic Valuation Analysis of Buccoo Reef Marine Park, Tobago, West Indies” FIU Electronic Theses and Dissertations. Paper 290. http://digitalcommons.fiu.edu/etd/290, 2010

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