Open AccessEconomic Valuation of Tourism Pasumpahan Island West Sumatera with Travel Cost Method
Author(s) -
I K Batubara,
Eni Yulinda,
Trisla Warningsih
Publication year - 2020
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/430/1/012024
Subject(s) - tourism , visitor pattern , contingent valuation , accidental sampling , total economic value , economic surplus , geography , value (mathematics) , socioeconomics , valuation (finance) , agricultural economics , mathematics , willingness to pay , business , economics , statistics , demography , welfare , sociology , ecology , archaeology , microeconomics , finance , computer science , population , ecosystem , ecosystem services , biology , market economy , programming language
The research was conducted on Pasumpahan Island in Bungus Teluk Kabung Sub-district, Padang, West Sumatera, Indonesia. The aim of this research was to: (1) Identify the visitor characteristics of Pasumpahan Island; (2) Measuring the amount of economic value obtained by Pasumpahan Island seen from the consumer surplus with the Individual Travel Cost Method. Respondents determined by accidental sampling method whit 40 respondents. The data were analyzed using multiple regression models. The research was conducted on Pasumpahan Island in Bungus Teluk Kabung Sub-district, Padang, West Sumatera. The demand based of Travel Cost Method was Y=8,258-1,103(X 1 )+1,479(X 3 )-0,598(X 5 )+0,241(X 6 ) with r 2 =0,98; Y is the frekuensi of visits, X 1 is travel cost, X 2 education, X 5 is miliage and X 6 is gender. The accumulated of the consumer surplus can generate economic value of Pasumpahan Island. The value of consumer surplus Pasumpahan Island is equal to IDR.23.434.881,61 per year or IDR.3.691.532,58 per visit and economic value seen from the Travel Cost Mehod of IDR.103.946.582.269,63 per year.