Assessing the effect of coastal park’s attributes on its entrance fee charges: A hedonic approach

Erda Wang, Jiawei Zhu, Wenzhang Sun

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

In this paper, we investigate the effect of the recognized nature-and-activity-based attributes on the level of park’s admission fee charges using a panel data of 29 coastal recreation parks in Dalian city of China. A total of seven different Hedonic pricing model specifications are used in the estimating process. The results indicate that a numerous attributes have statistically significant effects (α ≤ 0.10) on the level of park admission fee charges. In terms of the economic valuation, marine sightseeing results in the highest value of marginal willingness to pay (MWTP) of $6.4 as its quality rank improves to a designated higher level. As expected that the park congestion has a negative effect on the MWTP (−$0.47) and overall park’s rankings have a positive effect ($0.05) on park’s MWTP. However, many recreation activities accommodated by the park sites exhibit a relatively weak effect on the park entrance fee charges. One possible reason is perhaps owing to the single admission package fee policy adopted by the park management.

Original languageEnglish
Pages (from-to)1142-1154
Number of pages13
JournalAsia Pacific Journal of Tourism Research
Volume21
Issue number10
DOIs
Publication statusPublished - Jan 1 2016

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Tourism, Leisure and Hospitality Management

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