Willingness to pay for mangrove restoration to reduce the climate change impacts on ecotourism in Rekawa coastal wetland, Sri Lanka

Abstract

ABSTRACT This study investigates tourist preferences and willingness to pay (WTP) for restoration of mangroves to reduce the effects of climate change (CC) on ecotourism at Rekawa coastal wetland, Sri Lanka, using a double bounded discrete choice elicitation format in a contingent valuation method. The survey also included socio-economic, demographic, and attitudinal characteristics of respondents. The results reveal that domestic and foreign tourists on average were willing to pay 2.65 USD and 11.4 USD per person, respectively, for mangrove restoration in Rekawa wetland. Among socio-demographic variables, education, age, and occupation had a significant effect on WTP. Furthermore, we show that foreign respondents with greater trust in the role of mangroves in mitigating the impacts of CC on sea turtles, and domestic tourists who believed effects of mangrove restoration in reducing the future vulnerability of urban expansion, were willing to pay more for the proposed mangrove restoration fund. Based on tourists’ preferences and WTP for mangrove protection, our results support the establishment of an environmental protection fund from the collection of tourists’ entrance fees using a dual pricing strategy, and the use of the funds for planting mangroves, patrolling mangrove areas to prevent illegal activities, and promoting nature-based tourism activities.