Economic Valuation of Beach Tourism Objects in Tulungagung Regency with Individual Travel Cost Method (ITCM) Approach

Authors

  • Meisyaroh Catur Wulandari Sebelas Maret University Author
  • Ahmad Sayuti Royali Trunojoyo University Madura Author

Keywords:

Beach Tourism, Economic Valuation, ITCM, Travel Cost

Abstract

The strategic location of the beach is on the Southern Route (JLS) in Tulungagung Regency, Gemah Beach has the appeal of being a beach with good infrastructure access. Infrastructure support, adequate public facilities, and natural scenery that are presented have an attraction for visitors. Many visitors to Gemah Beach come in groups. The research data was obtained by filling out a questionnaire for visitors to Gemah Beach in Tulungagung Regency who visited in April 2023. This made researchers interested in identifying the economic valuation of the Gemah Beach tourist attraction. The method used to determine economic valuation is the Individual Travel Cost Method (ITCM) approach. By calculating travel costs or travel costs, it will be known the costs incurred by visitors to come to tourist sites. Travel costs incurred are the total cost from the location of residence to the tourist location, which includes the cost of entrance tickets, parking fees, consumption costs, accommodation/lodging costs if any,and souvenir costs if any. Through multiple linear regression, researchers also measure the social factors of individuals who visit Gemah Beach. Social factors that can affect the level of individual visits to Gemah Beach are the distance from the house to tourist sites and the duration of individual visits. The closer the distance between the visitor's house and the tourist attraction will increase the number of individual visits to the Gemah Beach tourist attraction. And the longer the duration of the visit, the more frequently individuals will make visits to Gemah Beach attractions. Meanwhile, the consumer surplus value is IDR 1,356,340 per individual in 1 year. The integral value for finding consumer surplus ranges from IDR 20,000 to IDR 750,000 per individual/visit in one year.

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Published

2024-07-11

How to Cite

Economic Valuation of Beach Tourism Objects in Tulungagung Regency with Individual Travel Cost Method (ITCM) Approach. (2024). Indonesian Journal of Business, Economics and Management (IJOBEM), 1(1). https://journal.detakpublisher.com/index.php/ijobem/article/view/4