Nguyen, Lan Anh, Nguyen, Manh Hung, Hoang, Viet-Ngu, Reynaud, Arnaud, Simioni, Michel and Wilson, Clevo (2024) Tourists’ preferences and willingness to pay for protecting a World Heritage site from coastal erosion in Vietnam. Environment, Development and Sustainability, Vol. 26 (n° 11). pp. 27607-27628.

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Identification Number : 10.1007/s10668-023-03773-1

Abstract

Literature shows that tourists can make significant financial contributions towards efforts of erosion prevention, but very few studies are done in the context of developing countries, especially to protect World Heritage sites. This paper provides the first estimates of willingness to pay (WTP) for differing coastal erosion measures by domestic and foreign tourists visiting Hoi An, an UNESCO World Heritage site located in Vietnam. Using a discrete choice experiment, our study presents several new and important findings. Tourists support visible protection structures and trees on beaches even though these hard measures can affect the natural aesthetics. There exists preference heterogeneity among tourists. Most importantly, our analysis shows that WTP of each tourist is USD $13.45, nearly seven times greater than WTP by local residents estimated in previous literature for a similar erosion protection program.

Item Type: Article
Language: English
Date: November 2024
Refereed: Yes
Place of Publication: London‎, Dordrecht‎, Boston
Uncontrolled Keywords: Tourists’ valuation, Choice experiment, Coastal erosion, World Heritage site
JEL Classification: Q26 - Recreational Aspects of Natural Resources
Q51 - Valuation of Environmental Effects
Q54 - Climate; Natural Disasters
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 20 Sep 2023 12:02
Last Modified: 14 Feb 2025 14:29
OAI Identifier: oai:tse-fr.eu:128422
URI: https://publications.ut-capitole.fr/id/eprint/48167
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