A contingent valuation study of scuba diving benefits: Case study in Mu Ko Similan Marine National Park, Thailand

Asafu-Adjaye, John and Tapsuwan, Sorada (2008) A contingent valuation study of scuba diving benefits: Case study in Mu Ko Similan Marine National Park, Thailand. Tourism Management, 29 6: 1122-1130.

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Author Asafu-Adjaye, John
Tapsuwan, Sorada
Title A contingent valuation study of scuba diving benefits: Case study in Mu Ko Similan Marine National Park, Thailand
Journal name Tourism Management   Check publisher's open access policy
ISSN 0261-5177
Publication date 2008-12
Sub-type Article (original research)
DOI 10.1016/j.tourman.2008.02.005
Volume 29
Issue 6
Start page 1122
End page 1130
Total pages 8
Editor Chris Ryan
Stephen Page
Steve Pan
Place of publication Kiddlington, Oxford
Publisher Elsevier Science
Collection year 2009
Language eng
Subject 140216 Tourism Economics
900301 Economic Issues in Tourism
C1
Formatted abstract Coral reefs, a major source of marine tourism, are under threat worldwide due to human activities. There is an urgent need for information that could be used to promote efficient marine park management. In this study the economic benefits associated with scuba diving in Mu Ko Similan Marine National Park, Thailand, is estimated using a single- and double-bounded dichotomous choice contingent valuation survey design. The results indicate that divers are willing to pay about US$27.07–62.64 per person per annum on average, resulting in aggregate benefits of between US$932,940 and US$2.1 million per annum. The present value of these aggregate benefits ranges between US$31 and US$71 million, using a social discount rate of 3%. The policy implications for park management are discussed.
Keyword Ecotourism
Marine protected areas
Scuba diving
Contingent valuation method
Dichotomous choice
Q-Index Code C1
Q-Index Status Confirmed Code
Additional Notes Received 5 April 2007; accepted 3 February 2008. Available online 9 April 2008

Document type: Journal Article
Sub-type: Article (original research)
Collections: 2009 Higher Education Research Data Collection
School of Economics Publications
 
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