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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

Author

Listed:
  • Sri SUBANTI

    (Department of Statistics Faculty of Mathematics and Natural Science Universitas Sebelas Maret Indonesia)

  • Arif HAKIM

    (Institute for Research and Social Services Universitas Sebelas Maret Indonesia Faculty of Economics and Business Universitas Indonesia Indonesia)

  • BRM IRAWAN

    (Department of Economic Development Faculty of Economics and Business Universitas Sebelas Maret Indonesia)

  • Inaki 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

Suggested Citation

  • Sri SUBANTI & Arif HAKIM & BRM IRAWAN & Inaki HAKIM, 2017. "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 Advanced Research in Management, ASERS Publishing, vol. 8(4), pages 867-874.
    • Handle: RePEc:srs:jemt00:v:8:y:2017:i:4:p:867-874
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