Recreational Demand of Visits to the Gulf Coast Region
31 Pages Posted: 16 Sep 2016
Date Written: September 15, 2016
Economist commonly use recreational demand models to estimate benefits visitors receive from consumption of a specific site. These models also capture impacts of recreational activities consumed and help to determine the value consumers place on the factors that influence their choice to visit a site. Households spend leisure time pursuing a variety of recreational activities. Policy makers need accurate estimates of the benefits and costs of actions that affect the quality and quantity of available recreation activities. The travel cost method (TCM) is a commonly used estimation method. The model estimates that the number of trips to a site are assumed to be related to travel cost incurred getting to the site, time traveling to and from the site along with time spent at the site, as well as other demographic and/or locational variables (Parsons, 2003). Survey sampling is the most common method used to gather information on visitors to a specific area and what types of amenities these visitors are consuming. The data collected from the surveys is used to estimate recreational trip demand for sites.
Keywords: Gulf Coast, Tourism, Recreational Demand, Travel Cost
JEL Classification: C24, Q26, Z30
Suggested Citation: Suggested Citation