The recreational value of gold coast beaches, Australia: An application of the travel cost method

The recreational value of gold coast beaches, Australia: An application of the travel cost method

Primary Country: Australia
Ecosystem: beach
Sample Value Estimates:
(a) $19.47 per person as value of a single beach visit to Gold Coast, Australia (b) The estimated consumer surplus from a single Gold Coast beach visit trip was $10.05–$14.32 per person for local residents, and $16.67– $19.98 per person for visitors. (c) The total recreational value of Gold Coast beaches for a large number of beach visits could therefore be more than $500 million per year. With the consideration of the non-use values such as the existence value which have not been estimated in this study, the total value of Gold Coast beaches could even be much higher. Beach and foreshore protect projects, which cost less than $500 million per year, are therefore economic feasible.
Methodology: travel cost method
Region: Australia

Publication information

Zhang, F. X.H. Wang, P.A.L.D. Nunes, C. Ma “The recreational value of gold coast beaches, Australia: An application of the travel cost method” Ecosystem Services 11: 105-114, 2015

Addtional Notes

 

 

"This study has also explored the possibility of replacing income information in the future application of travel cost method to reduce the non-response rate from questionnaire surveys. Tests from our study show that, personal travel expenditure was highly correlated with income and completely eliminated the non- response issue in our sample. By replacing the weekly income variable with the personal travel expenditure variable, the esti- mated value of beach visit trips and the estimated demand models are stable. This result indicates that to avoid the resistant and biases from collecting personal income information during onsite surveys, collecting the information about personal travel expen- diture might be a solution. However, the efficiency and validation of this replacement need more tests in future research." 

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