Application of non-market valuation to the Florida Keys marine reserve management

Application of non-market valuation to the Florida Keys marine reserve management

Primary Country: United States
Ecosystem: coral reef
Sample Value Estimates:
  1. $463 / trip: Per trip user value to Florida Keys currently
  2. $783 / trip: Per trip user value if it was a marine reserve
  3. $278 / person / trip: $278 / person / trip
Region: Americas / Gulf of Mexico
Data source: Consvalmap.org

Publication information

Bhat, M. “Application of non-market valuation to the Florida Keys marine reserve management” Journal of Environmental Management, 67(4), 315-325., 2003

Addtional Notes

The average visitor to the Florida Keys had made 6.31 trips over a five year period for diving, snorkeling and/ or glass-bottom boat riding. Establishing a marine reserve increase the average number of trips, by 2.70 to 4.99 more trips. This would increase the per trip user value of the marine reserve by 69 %

24.677

-81.737

Economic Valuation Study

Tourism and Recreational Value

Coral Reef

The average visitor to the Florida Keys had made 6.31 trips over a five year period for diving, snorkeling and/ or glass-bottom boat riding. Establishing a marine reserve increase the average number of trips, by 2.70 to 4.99 more trips. This would increase the per trip user value of the marine reserve by 69 %, from the current $463 value, to about $783.

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