Determinant of Willingness to Pay and Economic Value for Tourism Object using Contingent Valuation Method: The Case of Sangiran Sites, Province of Central Java, Indonesia

  • Sri SUBANTI Department of Statistics, Faculty of Mathematics and Natural Science Universitas Sebelas Maret, Indonesia
  • Arif Rahman HAKIM Institute for Research and Social Services, Universitas Sebelas Maret, Indonesia Faculty of Economics and Business, Universitas Indonesia, Indonesia
  • BRM Bambang IRAWAN Department of Economic Development, Faculty of Economics and Business Universitas Sebelas Maret, Indonesia
  • Inaki Maulida HAKIM Department of Industrial Engineering, Faculty of Engineering Universitas Indonesia, Indonesia

Abstract

In this paper we want to determine the factors of willingness to pay for quality improvement and to estimates of economic value in Sangiran, Central Java Province, Indonesia. This paper used contingent valuation approach. The study involved Sangiran visitors, they were surveyed for their willingness to pay for historical, cultural, and educational function. Finding from this study, the significant factors affecting the individual’s willingness to pay are bid, gender, and income. The economic value of Sangiran sites tourism was estimated between Rp 0.665 billion per year until Rp 2.409 billion per year.

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Published
2017-10-13
How to Cite
SUBANTI, Sri et al. Determinant of Willingness to Pay and Economic Value for Tourism Object using Contingent Valuation Method: The Case of Sangiran Sites, Province of Central Java, Indonesia. Journal of Environmental Management and Tourism, [S.l.], v. 8, n. 4, p. 867-874, oct. 2017. ISSN 2068-7729. Available at: <https://journals.aserspublishing.eu/jemt/article/view/1419>. Date accessed: 25 june 2022. doi: https://doi.org/10.14505//jemt.v8.4(20).16.