scholarly journals Economic Valuation of Cultural Heritage Using the Travel Cost Method: The Historical Centre of the Municipality of Bucharest as a Case Study

Heritage ◽  
2021 ◽  
Vol 4 (3) ◽  
pp. 2356-2376
Author(s):  
Florentina-Cristina Merciu ◽  
Alexandru-Ionuţ Petrişor ◽  
George-Laurenţiu Merciu
Keyword(s):  
Cultural Heritage ◽  
Complex Analysis ◽  
Economic Valuation ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Travel Costs ◽  
Heritage Site ◽  
Heritage Buildings ◽  
Current Context ◽  
The Individual

Because heritage buildings represent a special category of goods due to characteristics such as uniqueness and irreversibility, they are associated with multiple possibilities of use. This article aims to present a complex analysis of the values associated with using heritage buildings in the historical center of Bucharest and their correlation with corresponding conservation measures using the travel cost method. The authors used two computation methods: the zonal travel cost and the individual travel cost methods. The application of Bravais–Pearson’s coefficient of linear correlation confirmed that the demand for a cultural heritage site is inversely related to the travel costs and distance. The results reflect that the demand also depends on other factors, such as the satisfaction level of the tourist experience and tourists’ income and motivations. The study highlights the usefulness of the travel cost method, which facilitates analyzing the relationship between the significant value of using historical monuments and the extremely important conservation process in the current context, marked by socioeconomic dynamics that determine many reuses of cultural heritage.

scholarly journals The Economic Valuation of Marjoly Beach and Resort Tour with Travel Cost Method (Travel Cost Method) Bintan District, Riau Islands Province

2021 ◽  
Vol 26 (2) ◽  
pp. 115
Author(s):  
Tri Dian Handayani ◽  
Trisla Warningsih ◽  
Lamun Bathara
Keyword(s):  
Descriptive Analysis ◽  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Secondary Data ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Travel Costs ◽  
Total Economic Value ◽  
Method Approach

This research was conducted at Marjoly Beach and Resort, Bintan Regency, Riau Islands Province. This study aims to describe the accommodation and entertainment as well as the socio-economic characteristics of visitors to Marjoly Beach and Resort, to analyze the factors that influence tourist visits to Marjoly Beach and Resort, to analyze the amount of economic value obtained by Marjoly Beach and Resort by accidental sampling with a total of 30 respondents. . The data needed in this research include primary and secondary data. Data were analyzed using descriptive analysis and multiple linear regression and from consumer surplus using the travel cost method. Respondents are determined using the travel cost method approach by estimating the economic value seen from the consumer surplus. The results showed that the total travel costs incurred by all visitors as respondents were around Rp. 38,035,000. Factors that influence tourist visits to Marjoly Beach and Resort are travel costs, income and age. The consumer surplus value obtained from the travel cost method is Rp. 50,276,669.60/ person per year or Rp. 17,955,953.4/ person per visit, then the total economic value obtained from assuming a surplus of tourism consumers in Marjoly Beach and Resort is Rp. 2,295,129,967.25.

scholarly journals Nilai Ekonomi Objek Wisata Alam Pantai Lubang Buaya Di Negeri Morella Kabupaten Maluku Tengah

MAKILA ◽  
2019 ◽  
Vol 13 (2) ◽  
pp. 150-161
Author(s):  
Herlina W. Pratiwi ◽  
Iskar Iskar ◽  
Thomas M. Silaya
Keyword(s):  
Environmental Management ◽  
Economic Valuation ◽  
Economic Value ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Nature Tourism ◽  
Safe Place ◽  
Travel Costs ◽  
Natural Beauty ◽  
Tourism Activity

A natural tourism object is a form of tourism activity that utilizes the potential of natural resources and environmental management. The economic valuation of natural tourism needs to be done to see the value of the existence of nature tourism, which is sometimes valued. One method that can measure the economic value of a tourist area is the Travel Cost Method (TCM). Therefore this study aims to analyze the economic value of the natural tourism object of Lubang Buaya Beach in Negeri Morella, Central Maluku Regency. The results showed that the travel cost (Travel Cost) obtained 69,220 travel costs/person/visit, and the economic value of OWA Lubang Buaya Beach is Rp. 83,064,000 / year. OWA Lubang Buaya Beach in the perception of visitors is a safe place of recreation, beautiful natural beauty, and easy accessibility. It's just that the layout is not good, and tourism facilities are incomplete. So the need for additional facilities and better management. The results of the study of the attraction of beach attractions obtained only elements of beauty and comfort have all aspects of the assessment of the seven elements of the assessment criteria.

scholarly journals Recreational use Value of a Firefly Watching Ecotourism and Wildlife Park in Palawan, Philippines using the Travel Cost Method

2021 ◽  
pp. 115-119
Author(s):  
Jessa Marie Salvador-Caabay
Keyword(s):  
Economic Value ◽  
Sustainable Use ◽  
Cost Effective ◽  
Travel Cost ◽  
Management Plan ◽  
Travel Cost Method ◽  
Travel Costs ◽  
Number Of Visits ◽  
The Individual ◽  
Indirect Relationship

Ecotourism has been known to be globally popular which promotes natural resources that will function for recreational activities but following the methods for sustainable use and implementation. For proper management plans, various ecotourism sites are evaluated for they recreation use values. In this study, the Travel Cost Method (TCM) was applied in order to calculate the economic value of Iwahig Firefly Watching Ecotourism and Wildlife Park in Palawan, Philippines. The individual travel cost method was utilized in this study which was found to be a cost-effective and convenient method. It was found out that age, income and travel costs are some of the factors that have a significant effect on the number of annual visits of individuals in the site. The travel costs and age both have indirect relationship with the number of visits to the site, while the annual income have a direct relationship on the number of visits. This may be useful in terms of management plan and conservation.

scholarly journals Economic Valuation of Cultural Heritage: Application of Travel Cost Method to the National Museum and Research Center of Altamira

2018 ◽  
Vol 10 (7) ◽  
pp. 2550 ◽  
Author(s):  
Saúl Torres-Ortega ◽  
Rubén Pérez-Álvarez ◽  
Pedro Díaz-Simal ◽  
Julio de Luis-Ruiz ◽  
Felipe Piña-García
Keyword(s):  
Cultural Heritage ◽  
Demand Curve ◽  
Economic Valuation ◽  
Economic Value ◽  
Revealed Preference ◽  
Travel Cost ◽  
World Heritage Site ◽  
Research Center ◽  
Travel Cost Method ◽  
National Museum

The economic assessment of non-marketed resources (i.e., cultural heritage) can be developed with stated or revealed preference methods. Travel cost method (TCM) is based on the demand theory and assumes that the demand for a recreational site is inversely related to the travel costs that a certain visitor must face to enjoy it. Its application requires data about the tourist’s origin. This work aims to analyze the economic value of the National Museum and Research Center of Altamira, which was created to research, conserve, and broadcast the Cave of Altamira (UNESCO World Heritage Site since 1985). It includes an accurate replica known as the “Neocave”. Two different TCM approaches have been applied to obtain the demand curve of the museum, which is a powerful tool that helps to assess past and future investments. It has also provided the annual economic value estimate of the National Museum and Research Center of Altamira, which varies between 4.75 and 8.00 million € per year.

scholarly journals Economic valuation of Blue Lagoon Tourism Village Widodomartani Sleman

2020 ◽  
Vol 200 ◽  
pp. 03003
Author(s):  
Fikri Nurrachman Ernawan ◽  
Rika Harini
Keyword(s):  
Economic Valuation ◽  
Economic Value ◽  
Regression Function ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Economic Potential ◽  
Valuation Method ◽  
The Individual ◽  
Regression Tests ◽  
Quantitative And Qualitative Methods

Blue Lagoon Tourism Village is one of the developing tourism villages in Sleman Regency. Blue Lagoon Tourism Village has great potential to become an advanced tourism village when viewed from the aspect of attraction, accessibility, facilities, and ancillary services (4A). Research objectives are to calculate the economic valuation using the travel cost method and calculate bequest value of the Blue Lagoon Tourism Village. This research conducted by sequential explanatory technique that uses quantitative and qualitative methods in sequence. Assessment of the economic value of tourism activities in the Blue Lagoon analyzed using the Individual Travel Cost Method (ITCM). Multiple linear regression tests were also conducted to obtain the value of regression function. Otherwise calculation of bequest value is carried out using the contingency valuation method (CVM) in the form of willingness to pay (WTP). Potential economic value of Blue Lagoon Tourism Village is IDR 6 019 052 924 yr–1, while actual economic income is IDR 1 802 827 450 or 23.05 % of economic potential. Bequest value of Blue Lagoon is IDR 610 521 783 yr–1 with 6.45 ha of area, so bequest value based on area is IDR 94 650 758.

scholarly journals Menaksir Nilai Ekonomi Objek Wisata Taman Manneken Manokwari : Aplikasi Individual Travel Cost Method

2021 ◽  
Vol 4 (2) ◽  
pp. 53-60
Author(s):  
Dedi Riantoro
Keyword(s):  
Economic Value ◽  
Economic Assessment ◽  
Travel Cost ◽  
Economic Benefits ◽  
Travel Cost Method ◽  
Tourist Attraction ◽  
Travel Costs ◽  
Survey Techniques ◽  
Descriptive Research ◽  
The Individual

Economic assessment of a tourist attraction, both natural and artificial, is very important for planning sustainable environmental management. The plan aims to maintain the development capital so that it can be managed as a source of regional income and also to improve the welfare of the community. On the other hand, the management of tourism objects can be used to improve the regional economy without the need to exploit its natural resources. This research was conducted at Manneken Park, an artificial tourism object located in Prafi District, Manokwari Regency. The study focused on the number of individual travel costs and the economic value of the tourism object using descriptive research methods with survey techniques involving 100 respondents as resource persons. By using the Individual Travel Cost Method (ITCM), the results show that the average travel cost is Rp. 692,120, - and the economic value of tourism objects is Rp. 6,925,795.703,-. This indicates that the economic benefits received by tourists to travel to the Manneken Park attraction are greater than the costs incurred. The intended economic benefits are in the form of benefits in the form of comforts such as getting peace, beauty, and satisfaction.

scholarly journals VALUASI EKONOMI DAN ANALISIS KESESUAIAN WISATA DI PANTAI SIGANDU DESA KLIDANG LOR KABUPATEN BATANG Economic Valuation and Tourism Suitability Analysis in Sigandu Beach, Klidang Lor Village, Batang Regency

2019 ◽  
Vol 8 (3) ◽  
pp. 147-154
Author(s):  
Diah Hanifah ◽  
Anhar Solichin ◽  
Churun Ain
Keyword(s):  
Economic Valuation ◽  
Economic Value ◽  
Travel Cost ◽  
Primary Data ◽  
Travel Cost Method ◽  
Limiting Factor ◽  
Suitability Analysis ◽  
Suitability Index ◽  
Index Value ◽  
Age Range

 ABSTRAK Pantai Sigandu merupakan objek wisata alam yang sangat potensial. Keberadaan Pantai Sigandu mampu membantu perekonomian daerah Kabupaten Batang. Mengingat pentingnya keberadaan objek wisata tersebut maka diperlukan suatu kajian yang mampu mengestimasi besarnya nilai ekonomi dari kegiatan wisata di Pantai Sigandu, serta menganalisa kesesuaian wisata pantai untuk rekreasi agar dapat digunakan dalam pengembangan dan pengelolaan objek wisata tersebut. Penelitian ini dilaksanakan pada bulan Desember 2018 - Januari 2019 dengan bertujuan untuk mengetahui profil dan tipologi wisatawan; menghitung nilai ekonomi pariwisata berdasarkan Travel Cost Method (TCM); dan menganalisa kesesuaian wisata berdasarkan Indeks Kesesuaian Wisata (IKW). Penelitian ini bersifat kuantitatif, dengan metode pengambilan data primer menggunakan teknik wawancara terhadap 100 wisatawan, dengan bantuan kuisioner serta melakukan sampling lapangan untuk analisis kesesuaian wisata. Hasil penelitian menunjukkan bahwa karakteristik wisatawan memiliki kisaran usia 20-40 tahun dengan tingkat pendidikan SMA/SMK. Nilai ekonomi yang diperoleh berdasarkan metode biaya perjalanan atau TCM di Pantai Sigandu yaitu sebesar Rp. 31.038.289.140,00 per tahun dengan biaya rata-rata sebesar Rp. 120.140,00 per individu. Nilai Indeks Kesesuaian Wisata (IKW) Pantai Sigandu termasuk dalam kategori sangat sesuai (S1) yaitu tidak memiliki faktor pembatas dalam suatu penggunaan tertentu secara lestari, atau hanya memiliki pembatas yang kurang berarti dan tidak berpengaruh secara nyata. ABSTRACT Sigandu Beach is a potential natural tourism object. The existence of Sigandu Beach is able to increase the economy of the Batang Regency. The existence of a tourism object is important, so it is needed a study to estimate the tourism economic value of Pantai Sigandu, as well as to analyze the suitability of coastal tourism for recreation so that it can be used in development and management of this tourism object. This study was conducted in December 2018 - January 2019. It aims to find out the profile and typology of tourists; to calculate the economic value of tourism based on Travel Cost Method (TCM); and to analyze tourist suitability based on the Tourism Suitability Index. This study is a quantitative with a primary data method use a interview technique for 100 tourist with the help of questionnaires and do measures of the field for Tourism Suitability Analysis. Results of the study show that characteristics of tourist respondents have an age range of 20-40 years old with high school/ vocational education level. The economic value was obtained based on TCM in the Sigandu Beach, which is Rp. 31,038,289,140.00 per year with an average cost of Rp. 120,140.00 per individual. The Tourism Suitability Index value in the Sigandu Beach is included in the very appropriate category (S1), it does not have a limiting factor in a particular use sustainably, or it only has a less significant limitation and does not have a significant effect.

scholarly journals VALUASI EKONOMI OBJEK WISATA PANTAI WEDIOMBO KABUPATEN GUNUNGKIDUL YOGYAKARTA DENGAN PENDEKATAN TRAVEL COST Economic Valuation of Tourism Destination of Wediombo Beach Gunungkidul Regency Yogyakarta with Travel Cost Approach

2019 ◽  
Vol 8 (3) ◽  
pp. 203-210
Author(s):  
Theresia Panjaitan ◽  
Suradi Wijaya Saputra ◽  
Siti Rudiyanti
Keyword(s):  
Aquatic Ecosystems ◽  
Economic Valuation ◽  
Economic Value ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Tourism Destination ◽  
Tourist Destination ◽  
Method Approach ◽  
Cost Economic ◽  
Average Individual

ABSTRAKPantai Wediombo terletak di  Desa Jepitu, Kecamatan Girisubo, Kabupaten Gunungkidul. Pantai Wediombo merupakan salah satu ekosistem perairan yang memiliki daya tarik untuk dapat dijadikan objek wisata. Manfaat yang diberikan oleh pantai Wediombo belum terukur secara ekonomi sehingga penting untuk dilakukan studi tentang besarnya nilai ekonomi kawasan wisata. Tujuan dari penelitian ini yaitu untuk mengetahui potensi dan nilai ekonomi Pantai Wediombso. Penelitian dilaksanakan pada bulan Maret 2019 di Pantai Wediombo. Penelitian menggunakan metode deskriptif. Pengumpulan data diperoleh melalui wawancara kepada 100 wisatawan dan 1 pengelola wisata menggunakan kuisioner dengan teknik sampling accidental sampling. Analisis valuasi ekonomi wisata menggunakan pendekatan Travel Cost Method. Potensi yang dimiliki oleh Pantai Wediombo mencakup keindahan dan kondisi daya tarik pantai termasuk dalam  kategori sangat baik, sarana dan prasarana yang sudah memadai, pelayanan pengelola yang cukup baik serta potensi budaya masyarakat seperti Upacara Ngalangi. Nilai ekonomi Pantai Wediombo sebesar Rp.52.787.622.096,00/tahun dengan rata-rata biaya perjalanan individu sebesar Rp. 208.296,00/kunjungan. ABSTRACTWediombo Beach located in Jepitu Village, Girisubo District, Gunungkidul Regency. Wediombo Beach is one of the aquatic ecosystems which has attraction that can be a good tourist destination. The benefits from Wediombo Beach were not yet measure in economic terms and it is important to study the magnitude of the economic value of tourist areas. The purpose of this research is to find out the potential and economic value of the beach. The research held on March at Wediombo Beach. The study used descriptive methods. Data obtained through interviews with 100 tourists and 1 tourism manager using questionnaires with accidental sampling. Analysis of tourism economic valuation using Travel Cost Method approach. The potential of Wediombo Beach including the beauty and conditions of coastal appeal is in a very good category, adequate facilities and infrastructure, good management services and potential cultural communities such as the Ngalangi ceremony. The economic value of Wediombo Beach based on tourist travel cost is about Rp.52.787.622.096.00 / year and average individual travel cost about Rp.208.296 / visit.

scholarly journals The improvement of solidwaste management in Cibodas Botanical Garden through environmental economic valuation using the travel cost method

2019 ◽  
Vol 76 ◽  
pp. 03001
Author(s):  
Iwan Juwana ◽  
Muhammad Sirdar Albar
Keyword(s):  
Environmental Economic ◽  
Solid Waste Management ◽  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Botanical Garden ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Conservation Area ◽  
Total Economic Value

Cibodas Botanical Garden (CBG) is believed to have high environmental value for its function as conservation area and beautiful scenery. However, prior to this research, there is lack of economic valuation to determine the total value of CBG, including its environment. The local government, on the other hand, needs such environmental economic valuation to execute better decisions related to the CBG. This study aims at providing the mostly-needed economic valuation through the application of Travel Cost Method. The Travel Cost Method (TCM) is a method to calculate the economic value of products or services that do not own market value. This method utilises total cost of consumers who travel to certain places, preferably tourist destinations. The cost spent by consumers are considered as their willingness to pay (WTP) for the visited destination(s). In this study, TCM is used by preparing questionnaires for Cibodas visitors, analysing the results of the questionnaires, calculating the total economic value (TEV) of Cibodas, determining the consumer surplus, and proposing environmental programs at CBG. At the end, it was calculated that the TEV of Cibodas Botanical Garden is IDR113,072,532,700 with average WTP of the visitors IDR202,484 per visitor and the consumer surplus of IDR32,344 per visitor. Also, this study reveals that solid waste management improvement at CBG can be funded by potential income from the consumer surplus.

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