8 authors, including: Samia Sarkis Living Reefs Foundation 13

Tourism Value

Tourism is a key industry in Bermuda. In 2007, over 660,000 people visited Bermuda (Department of Tourism 2007), and the importance of the coral reef ecosystem to the visitor’s experience was investigated. Data was collected through available documentation and two surveys were developed for the study: (1) a reef-associated tourist operator survey providing revenue data, and (2) a tourist exit survey assess- ing the importance of coral reefs to the visitation experience. The economic analysis for estimating the reef-associated tourism value involves three methods:

(1) the travel cost method, resulting in the “consumer sur- plus”, or the value of the coral reefs to tourist recreation from the visitor’s perspective, (2) the net factor income method,

C.R.C. Sheppard (ed.), Coral Reefs of the United Kingdom Overseas Territories, Coral Reefs of the World 4, DOI 10.1007/978-94-007-5965-7_15, © Springer Science+Business Media Dordrecht 2013

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Type of benefit


Data collection & processing


Valuation method


Aggregation & Presentation