Forest valuation using travel cost method (TCM): Cases of Pahang National Park and Srengseng Jakarta urban forest

Abstract

This study aims to estimate the economic value of a recreational park by using the travel cost method (TCM). Case studies have been done for Pahang National Park, Malaysia, and Srengseng urban forest, Jakarta, Indonesia. The data was obtained from a structured interview with visitors. The data was analysed by using Poisson and negative binomial model. Based on the survey result, it is known that the Srengseng urban forest is local public good used by local public residents whereas the Pahang National Park is visited by visitors from all over the world. The frequency determinants of visits to the urban forest are cost, age, occupation, gender, and visitor’s satisfaction; meanwhile, visit the national park is affected by travel cost, age, education, income and number of visits. The TCM method utilized in this research resulted in the Srengseng Urban Forest total economic benefit of RM0.44 million per year and the Pahang National Park total consumer surplus of RM15.3 million.