Estimating the Economic Value of Tebing Lonceng Tourist Attraction in Samarinda City using the Travel Cost Method (TCM)
Keywords:
Travel Cost Method, economic valuation, Tebing Lonceng Samarinda, Environmental StudiesAbstract
Natural resources or environment that are utilized as tourist attractions for increasing its value. Tebing Lonceng is located in Samarinda has succeeded in transforming barren land into an environmentally friendly tourist attraction. Economic assessment or economic valuation is very important to estimate the value of the tourist attraction. This study aims to estimate the economic value using the Travel Cost Method by calculating travel costs and other costs related to visits of tourist attractions. The data and information collections were carried out through observation, surveys, questionnaires and direct interviews with visitors and managers of tourist attractions. The data were processed statistically using multiple linear regression. Based on the questionnaire results, the average travel cost incurred was IDR 43,615. Several efforts to improve tourist attractions include: (1) increasing the number of photo spots, (2) improving pedestrian access, (3) adding location signs, (4) adding ornamental plants (5) adding several facilities such as canopies, swings and street lights.
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