Determinant of Economic Value of Beach Tourism Post Aceh Tsunami: An Approach on Travel Cost Method

DOI

10.2991/assehr.k.211102.007How to use a DOI?

Keywords

Number of visits; travel expenses; income; age; education; Travel Cost Method (TCM)

Abstract

The beach as a place of tourism is an environment that does not have an explicit market value, in fact the economic value of tourism can have a major impact on the country’s economy. This study has two objectives, first to measure the economic value of tourism in the western part of Indonesia (Aceh Province) after the 2004 tsunami and to empirically examine the effect of travel costs, income, age and education on the economic value of coastal tourism. The travel cost method (TCM) is used to measure the economic value of tourism, while multiple linear regression is used to test the effect of economic value determinants. A total of 100 questionnaires were distributed from 803 visitors in 2018 who were selected using accidental sampling technique. The results of WTP (willingness to pay) amounted to 5,464,420, per visitor. This shows that the trend in the number of visits tends to increase with an average number of visits per year of 168,129 people. Furthermore, the Travel Method Cost (TCM) approach obtained a total consumer surplus for one year, so that the economic value of coastal tourism is Rp. 2,159,632,360/year. The results of the study imply that there is a visitor surplus in increasing local revenue (PAD) and the Regional Government needs to seriously control the full management, especially the infrastructure of all tourist locations in increasing the rate of regional economic income.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

Download article (PDF)

TY  - CONF
AU  - Hakim Muttaqim
AU  - M. Rasyidin
AU  - M. Saleh
AU  - Sri Wahyuni
PY  - 2021
DA  - 2021/11/16
TI  - Determinant of Economic Value of Beach Tourism Post Aceh Tsunami: An Approach on Travel Cost Method
BT  - Proceedings of the 1st International Conference on Research in Social Sciences and Humanities (ICoRSH 2020)
PB  - Atlantis Press
SP  - 55
EP  - 60
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211102.007
DO  - 10.2991/assehr.k.211102.007
ID  - Muttaqim2021
ER  -