Valuing nature-based recreation in public natural areas of the Apalachicola River region, Florida

Abstract

As more people visit natural areas for tourism and recreation purposes, it is becoming increasingly important to understand the value they place on these natural resources. Specifically, tourists to Florida have been increasingly interested in visiting natural areas, forests, parks, and preserves—highlighting the importance of this new and growing phenomenon. We analyze visitors’ demand for nature-based recreation in the Apalachicola River region of Florida using the travel cost method. The results from a count data regression model reveal that on average visitors would pay $74.18 per visit-day for nature-based recreation resulting in a total economic value of $484.56 million attributable to nature-based recreation in the Apalachicola River region. Results of this study provide useful information for natural resources management in the region and a rationale to preserve Florida's unique ecosystems.