Measuring Recreational Value Using Travel Cost Method (TCM): A Number of Issues and Limitations
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2018, Vol 8, Issue 10
Abstract
This article aims to explain on how the concept of economic value assessment using Travel Cost Method (TCM) can be applied to recreational based tourism locations. By using the Travel Cost Method (TCM) approach, the economic value of a tourism location can be determined even though the attributes of that tourism site are based on recreational features. The concept of economic determination of a tourism location based on Travel Cost Method (TCM) is by the use of individual's travel cost data as a proxy for the recreational value of that tourist location. Consumers' willingness to pay (WTP) for the cost to visit the recreation area is able to show the economic value and importance of a tourism location. The reason is because visitors have to spend money to pay for the costs of travel such as fuel, tolls, parking and the costs during the stay in recreational centre such as accommodation, food and ticket prices should also be considered. However, economic value assessment using Travel Cost Method (TCM) comes with certain issues and limitations. Therefore, this article also discusses the issues and limitations in applying economic value assessment of a tourist location based on Travel Cost Method (TCM).
Authors and Affiliations
Fauziah Che Leh, Farah Zulaikha Mokhtar, Norimah Rameli, Kamarul Ismail
Keywords
Related Articles
- EP ID EP574064
- DOI 10.6007/IJARBSS/v8-i10/5306
- Views 88
- Downloads 0
Influence of Facebook Social- Media Usage on Students’ Spellings in English Written Assignments in Public Day Secondary Schools in Eldoret North Sub- County
This study sought to investigate the influence of Facebook social-media usage on students’ English written assignments in Eldoret North Sub-County public day secondary schools. The study adopted descriptive survey resear...
The Effectiveness of a Proposed Strategy Based on Video Stories on Youtube in the Development of Listening and Speaking Skills among the Non-Arabic Speakers
Many studies confirm the weakness of Arabic-speaking learners in acquiring general language skills and skills of listening and speaking in particular; where the development of listening skills and speech is one of the mo...
Tesl Pre-Service Teachers’ Tpack: A Review
The TPACK framework represents a significant role in fostering pedagogical improvement of education in the twenty- first century learning. The use of ICT in twenty first century classroom requires a level of knowledge an...
Student Mobility in International Education: The Case in Ghana
International education has become an important export commodity and many nations are making every effort to attract students. Among developed countries such as the United Kingdom, United States, Germany and France, univ...
Issues that Triggers Cyber Bullying among Social Networking Sites (SNS) Users in Malaysia that may lead to Depression
Research is done to study about the issues that triggers cyber-bullying topics among Social Networking Sites (SNS) in Malaysia that may lead to depression. Descriptive quantitative research study was conducted through su...