East Java Economic Journal
Vol. 9 No. 2 (2025)

Economic Valuation of Three Coastal Tourism Objects Owned by the Local Government of Tulungagung Regency

Erlando, Angga (Unknown)
Fanani, Zaenal (Unknown)
Darmawan, Andre Pupung (Unknown)
Hapsari, Reni Sri (Unknown)
Riza, Ahmad Ibnu (Unknown)
Hakim, Annisa Nurul (Unknown)



Article Info

Publish Date
30 Sep 2025

Abstract

This study aims to evaluate three beach tourism destinations managed as assets by the Tulungagung Regency Government, namely Popoh Beach, Sidem Beach, and Sine Beach, to optimize their management and revenue generation for the benefit of the community and the region. The research employs an inferential quantitative method using negative binomial regression techniques, based on primary data collected through direct visitor surveys conducted in 2023. The fundamental model is developed using the Travel cost Method (TCM) as a concept to assess demand for environmental services in the form of recreational activities. The economic valuation results show that using the TCM method, the three beaches possess moderate potential value for commercialization. However, based on the annual revenue data, the total income generated by these beaches remains below IDR 1 billion, indicating challenges in promotion/branding, management, and commercialization (sales) strategies that need to be addressed moving forward. Meanwhile, the calculation of Willingness to pay (WTP) using the Contingent Valuation Method (CVM) focuses solely on the willingness to pay for increased ticket prices. When analyzing the consumer surplus values of each beach destination, it is evident that the consumer surplus significantly exceeds the total WTP

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Journal Info

Abbrev

ejavec

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

East Java Economic Journal invites manuscripts on an economics area, but not limited to economic development, finance, monetary, international trade, environmental, energy, public economics, econometrics, microfinance, health economics, and political economics related to the economy of East ...