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Estimating the Economic Benefit of SCUBA Diving in the Similan Islands, Thailand

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Abstract:

This article reports the results of the travel cost model using the standard and the truncated count data models to estimate the economic value of the Similan Islands, Thailand, from SCUBA diving. The estimated consumer surplus per visit to the Similan Islands using the truncated negative binomial model was US$3,233 and the economic value of the Similan Islands from SCUBA diving was estimated to be up to US$54.96 m. This study shows that, even without non-use values, coral reefs of the Similan Islands, if properly managed and maintained, will continue to have significant value to both Thai and overseas SCUBA divers, as one of the natural treasures of the world.

Keywords: count data model; marine park; revealed preference; tourism demand; travel cost model

Document Type: Research Article

DOI: https://doi.org/10.1080/08920750802412908

Affiliations: 1: CSIRO Land & Water, Wembley, Western Australia 2: University of Queensland, St. Lucia, Queensland, Australia

Publication date: 2008-10-01

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