Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia

Though Marine Parks in Malaysia are important to protect important marine resources, however, it is degraded due to human activities. In order to properly manage marine parks, economic valuation is necessary to understand the importance of marine resources conservation activities. In this study...

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Main Authors: Akhter, Shammi, Tai, Shzee Yew
Format: Article
Language:English
Published: Greener Journals 2015
Online Access:http://psasir.upm.edu.my/id/eprint/46749/1/Tourists%27%20willingness%20to%20pay%20for%20marine%20resource%20conservation%20at%20Pulau%20Perhentian%20Marine%20Park%2C%20Malaysia.pdf
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author Akhter, Shammi
Tai, Shzee Yew
author_facet Akhter, Shammi
Tai, Shzee Yew
author_sort Akhter, Shammi
collection UPM
description Though Marine Parks in Malaysia are important to protect important marine resources, however, it is degraded due to human activities. In order to properly manage marine parks, economic valuation is necessary to understand the importance of marine resources conservation activities. In this study, tourist’s willingness to pay (WTP) to protect marine resources at Pulau Perhentian Marine Park (PPMP) was carried out with contingent valuation method. Both single-bounded and double-bounded dichotomous choice contingent valuation methods were used to estimate tourists WTP. A total of 250 tourists were interviewed. The results showed that median WTP ranged between RM17.98 to RM21.72 and based on the number of tourist’s arrivals in 2011, the aggregate benefit at PPMP would be ranged from 1.62 to 1.96 million, respectively. The results of the study could be beneficial to the Marine Park authority in setting appropriate entrance fee at PPMP and taking the adequate conservation activities to protect marine environment and resources to deteriorate further.
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spelling upm.eprints-467492018-02-01T10:15:18Z http://psasir.upm.edu.my/id/eprint/46749/ Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia Akhter, Shammi Tai, Shzee Yew Though Marine Parks in Malaysia are important to protect important marine resources, however, it is degraded due to human activities. In order to properly manage marine parks, economic valuation is necessary to understand the importance of marine resources conservation activities. In this study, tourist’s willingness to pay (WTP) to protect marine resources at Pulau Perhentian Marine Park (PPMP) was carried out with contingent valuation method. Both single-bounded and double-bounded dichotomous choice contingent valuation methods were used to estimate tourists WTP. A total of 250 tourists were interviewed. The results showed that median WTP ranged between RM17.98 to RM21.72 and based on the number of tourist’s arrivals in 2011, the aggregate benefit at PPMP would be ranged from 1.62 to 1.96 million, respectively. The results of the study could be beneficial to the Marine Park authority in setting appropriate entrance fee at PPMP and taking the adequate conservation activities to protect marine environment and resources to deteriorate further. Greener Journals 2015-07 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/46749/1/Tourists%27%20willingness%20to%20pay%20for%20marine%20resource%20conservation%20at%20Pulau%20Perhentian%20Marine%20Park%2C%20Malaysia.pdf Akhter, Shammi and Tai, Shzee Yew (2015) Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia. Greener Journal of Economics and Accountancy, 4 (2). pp. 1-13. ISSN 354-2357 http://www.gjournals.org 10.15580/GJEA.2015.2.012315012
spellingShingle Akhter, Shammi
Tai, Shzee Yew
Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia
title Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia
title_full Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia
title_fullStr Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia
title_full_unstemmed Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia
title_short Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia
title_sort tourists willingness to pay for marine resource conservation at pulau perhentian marine park malaysia
url http://psasir.upm.edu.my/id/eprint/46749/1/Tourists%27%20willingness%20to%20pay%20for%20marine%20resource%20conservation%20at%20Pulau%20Perhentian%20Marine%20Park%2C%20Malaysia.pdf
work_keys_str_mv AT akhtershammi touristswillingnesstopayformarineresourceconservationatpulauperhentianmarineparkmalaysia
AT taishzeeyew touristswillingnesstopayformarineresourceconservationatpulauperhentianmarineparkmalaysia