Economic Assessment of Touristic Resources- Case Study: National Recreation Area Santay Island (NRASI)
Abstract
The paper aims to economically value the tourist resources in the National Recreation Area Santay Island (NRASI) to use them as a sustainable development tool. Economic valuation allows taking advantage of the benefits derived from current ecosystem services and helping future generations solve environmental, economic, and social problems. We estimated the value of NRASI by the Contingent valuation method (CVM), which involves asking people for their willingness to pay (WTP) on a specific scenario. Additionally, the data were analyzed using multiple regression.
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e-Review of Tourism Research (eRTR) is an international electronic bulletin for tourism research (ISSN:1941-5842). It comprises current tourism research articles, commentaries and reviews by industry professionals. The materials are provided for the personal noncommercial use of registered users of the eRTR, free to individuals and institutions. Copies of articles may be distributed for research or educational purpose, free of charge and without permission. However, commercial use of the eRTR or the articles contained herein is expressly prohibited without the written consent of the publisher.
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