Economic Development Analysis Journal
Vol 10 No 3 (2021): Economics Development Analysis Journal

The Determinants and Valuation of Owabong Waterpark Tourist Destination

Agus Arifin (Economics Department, Faculty of Economics and Business, Jenderal Soedirman University)
Rakhmat Priyono (Economics Department, Faculty of Economics and Business, Jenderal Soedirman University)



Article Info

Publish Date
28 Aug 2021

Abstract

This research analyzes the the economic valuation of Owabong development which focuses on two objectives, namely analyzing the determinants of tourist visits to Owabong using travel cost method and multiple regression technique, and determining willingness to pay of Owabong tourists using contingent valuation method. It is quantitative research where by using incidental sampling technique the primary data were collected from 96 respondents—tourists—and completed by secondary data from relevan institutions. The results are that (1) the variables that determine the number of visits to Owabong are travel costs, individual visitor income, and visitor perceptions of the facilities at Owabong; (2) willingness to pay (WTP) for Owabong visitors on weekdays can be a recommendation for entrance ticket increase of 20 percent, that is IDR30,000, while on weekends visitors don't want an increase in entrance ticket, which is still IDR35,000.

Copyrights © 2021






Journal Info

Abbrev

edaj

Publisher

Subject

Economics, Econometrics & Finance

Description

Focus and Scope Economic Development Analysis Journal is a scientific journal who published by Department of Economic Development, Faculty of Economics, Universitas Negeri Semarang, Indonesia. this journal published four times per year on February, May, August, and November and start publishing ...