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 language | English |
|---|---|
| Pages (from-to) | 1142-1154 |
| Number of pages | 13 |
| Journal | Asia Pacific Journal of Tourism Research |
| Volume | 21 |
| Issue number | 10 |
| DOIs | |
| Publication status | Published - Jan 1 2016 |
Fingerprint
All Science Journal Classification (ASJC) codes
- Geography, Planning and Development
- Tourism, Leisure and Hospitality Management
Cite this
Assessing the effect of coastal park’s attributes on its entrance fee charges : A hedonic approach. / Wang, Erda; Zhu, Jiawei; Sun, Wenzhang.
In: Asia Pacific Journal of Tourism Research, Vol. 21, No. 10, 01.01.2016, p. 1142-1154.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Assessing the effect of coastal park’s attributes on its entrance fee charges
T2 - A hedonic approach
AU - Wang, Erda
AU - Zhu, Jiawei
AU - Sun, Wenzhang
PY - 2016/1/1
Y1 - 2016/1/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84958042453&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84958042453&partnerID=8YFLogxK
U2 - 10.1080/10941665.2015.1125379
DO - 10.1080/10941665.2015.1125379
M3 - Article
AN - SCOPUS:84958042453
VL - 21
SP - 1142
EP - 1154
JO - Asia Pacific Journal of Tourism Research
JF - Asia Pacific Journal of Tourism Research
SN - 1094-1665
IS - 10
ER -