Measuring the Value of the Great Barrier Reef

Measuring the Value of the Great Barrier Reef

Primary Country: Australia
Ecosystem: coral reef
Sample Value Estimates: a) $653.7 million: Total annual visitor expenditure by visitors to the Great barrier reef region b) $44.4 million: total expenditure directly associated with visits to coral sites c) $144.2 million: total CS using travel cost for recreational visits to the coral reef region by Austrailian and international tourists d) $105.6 million: total CS using travel cost for visits to coral sites e) $8 / adult: WTP per visitor to the reef f) $6 million / year: aggregate annual visitor WTP
Methodology: travel cost and contingent valuation
Region: Australia / Northeastern
Data source: NOAA's Coral Reef Valuation Database

Publication information

Hundloe, T. “Measuring the Value of the Great Barrier Reef” Australian Parks and Recreation 26(3): 11-13., 1990

Addtional Notes

Journal Article

Hundloe, Tor

1990

Measuring the Value of the Great Barrier ReefAustralian Parks and Recreation

26

3

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Pages 11-13

Great Barrier Reef, cost-benefit analysis, environmental management, willingness to pay

This is a short summary article about visitor's perceptions, tourism experiences, and willingness to pay for improved conservation and protection of the Great Barrier Reef. Revenue: Total expenditure by visitors to the reef region per annum is estimated at $653.7 million, of which $44.4 million is directly associated with visits to coral sites. Welfare Estimate: Total consumer surplus as calculated through a travel-cost methodology for visits to the coral reef region by Austrailian and international tourists is $144.2 million, and for visits to coral sites $105.6 million. Using a contingent valuation survey of visitors to the reef region visiting coral sites, it was found the willingness to pay amount is $6 million per year or $8 per adult visitor.

A bidding game approach was used to ascertain visitor's willingness to pay to ensure the same quality level of the coral reef.

Great Barrier Reef region (Coastal region between Bundaberg and northern Cape York Peninsula

Coral reefHundloe, T., Vanclay, F. and Carter, M. 1987. Economic and Socioeconomic Impacts of the Crown of Thorns Starfish on the Great Barrier Reef. Report to the Great Barrier Reef marine Park Authority. Institute of Applied Environment Research, Griffith University

1986

Total expenditure by visitors to the reef region per annum is estimated at $653.7 million, of which $44.4 million is directly associated with visits to coral sites.

Total consumer surplus as calculated through a travel-cost methodology for visits to the coral reef region by Austrailian and international tourists is $144.2 million, and for visits to coral sites $105.6 million. Using a contingent valuation survey of visitors to the reef region visiting coral sites, it was found the willingness to pay amount is $6 million per year or $8 per adult visitor.

Mail surveys

Travel cost

contingent valuationn/a

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Toben E. Galvin

Information provided when available, for more information please visit the original database or PDF.