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Valuing an Ecotourism Resource: A Case Study of the Boulders Beach African Penguin ColonySARAH E. F. LEWIS Supervisors: Professor Peter Ryan, Dr Jane TurpieFebruary 20110207 Submitted in partial fulfillment

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How to fill out valuing an ecotourism resource

1. Start by gathering information about the ecotourism resource you are valuing. This may include details about the location, biodiversity, cultural significance, and any existing tourism activities.
2. Identify the various components that contribute to the value of the ecotourism resource. These may include the natural environment, wildlife, ecosystem services, local communities, and cultural heritage.
3. Assess the ecological and socio-economic impacts of the ecotourism resource. This involves evaluating the positive and negative effects of tourism on the environment, local communities, and economy.
4. Determine the market demand for the ecotourism resource. This can be done through surveys, market research, and analyzing visitor trends and preferences.
5. Use appropriate valuation methods to assign a monetary or non-monetary value to the ecotourism resource. This can include economic valuation techniques, such as contingent valuation or travel cost analysis, as well as qualitative assessments.
6. Consider the long-term sustainability and management of the ecotourism resource. This involves identifying strategies to enhance its value, conserve natural resources, promote responsible tourism practices, and involve local communities in decision-making.
7. Document your findings and communicate the results of the valuation process to relevant stakeholders, such as government agencies, local communities, and tourism operators.
8. Regularly review and update the valuation of the ecotourism resource to account for changes in market conditions, environmental factors, and community needs.

Who needs valuing an ecotourism resource?

1. Government agencies responsible for environmental management and tourism planning can use the valuation of ecotourism resources to make informed decisions about conservation, development, and sustainable tourism practices.
2. Tourism operators and businesses in the ecotourism industry can benefit from valuing ecotourism resources as it helps them understand the value and potential of the resources they offer to tourists.
3. Local communities living in or near ecotourism areas can use valuations to advocate for their rights, negotiate fair compensation for resource use, and participate in decision-making processes.
4. Researchers and academia can utilize the valuations as a basis for further studies on the economic, social, and environmental impacts of ecotourism.
5. International organizations and NGOs involved in conservation and sustainable development can use valuations to prioritize their efforts, allocate resources, and design effective conservation strategies.

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