Live-aboard dive boats in the Great Barrier Reef: regional economic impact and the relative values of their target marine species

Stoeckl, Natalie, Birtles, Alastair, Farr, Marina, Mangott, Arnold, Curnock, Matthew, and Valentine, Peter (2010) Live-aboard dive boats in the Great Barrier Reef: regional economic impact and the relative values of their target marine species. Tourism Economics, 16 (4). pp. 995-1018.

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View at Publisher Website: http://dx.doi.org/10.5367/te.2010.0005

Abstract

Using data collected from more than 1,000 tourists on live-aboard dive boats operating in the Cairns/Cooktown management area of the Great Barrier Reef, this paper estimates the regional economic impact of that live-aboard industry. It also uses a subset of these data (247 respondents) to investigate some of the relative ‘values’ of key marine species seen on the trips that included the Coral Sea location of Osprey Reef and which targeted multiple species of wildlife. The authors find that (i) each year, the live-aboard dive boats are directly responsible for generating at least AU$16 million worth of income in the Cairns/Port Douglas region; (ii) visitors participating in different types of trips gain their highest levels of ‘satisfaction’ from interacting with different types of species; and (iii) visitors to Osprey Reef would be willing to pay more for a ‘guaranteed’ sighting of sharks than they would for a ‘guaranteed’ sighting of large fish, marine turtles or a ‘wide variety of species’.

Item ID: 15091
Item Type: Article (Refereed Research - C1)
Keywords: economic impact; willingness to pay; wildlife values; Great Barrier Reef; marine tourism; live-aboard dive boats
ISSN: 2044-0375
Date Deposited: 07 Dec 2010 02:45
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140205 Environment and Resource Economics @ 30%
14 ECONOMICS > 1402 Applied Economics > 140216 Tourism Economics @ 40%
14 ECONOMICS > 1402 Applied Economics > 140218 Urban and Regional Economics @ 30%
SEO Codes: 90 COMMERCIAL SERVICES AND TOURISM > 9003 Tourism > 900301 Economic Issues in Tourism @ 100%
Citation Count from Web of Science Web of Science 11
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