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Impact of SLR on Beach-Tourism Resort Revenue at Sahl Hasheesh and Makadi Bay, Red Sea, Egypt; A Hedonic Pricing Approach

التفاصيل البيبلوغرافية
العنوان: Impact of SLR on Beach-Tourism Resort Revenue at Sahl Hasheesh and Makadi Bay, Red Sea, Egypt; A Hedonic Pricing Approach
المؤلفون: Mahmoud Sharaan, Chatuphorn Somphong, Keiko Udo
المصدر: Journal of Marine Science and Engineering, Vol 8, Iss 6, p 432 (2020)
بيانات النشر: MDPI AG, 2020.
سنة النشر: 2020
المجموعة: LCC:Naval architecture. Shipbuilding. Marine engineering
LCC:Oceanography
مصطلحات موضوعية: coastal erosion, beach tourism, resort revenue, hedonic pricing, Naval architecture. Shipbuilding. Marine engineering, VM1-989, Oceanography, GC1-1581
الوصف: Coastal erosion and inundation represent the main impacts of climate change and the consequential sea level rise (SLR) on beaches. The resultant deterioration of coastal habitats and decline in beach tourism revenue has been a primary concern for coastal managers and researchers. Nevertheless, the extent of SLR on beach tourism in Egypt remains relatively unknown. Therefore, this study investigates the relationship between beach width shrinkage due to SLR and the loss in tourist resort revenue. We use the hedonic pricing approach, which combines economic and environmental variables, to determine the environmental impact on beach tourism along 14 km of the coast of Sahl Hasheesh and Makadi Bay, Hurghada, Egypt. The resort revenue depends on the cumulative benefits from the market price of the resort rooms, which is a function of morphological variables and tourism variables. Three regression models (semi-log, double-log, and custom-log) were used to select the most appropriate functional hedonic model. Three coastal slopes were considered (0.03, 0.06, and 0.12) to address the uncertainty in beach width. When 0.06 coastal slope is used, the expected losses in revenue are 84,000, 220,000, and 546,000 USD/day period (representing 3%, 7%, and 18%) for 2030, 2050, and 2100, respectively, considering the lowest scenario representative concentration pathway (RCP2.6); for the worst case (RCP8.5 SLR), the expected losses are 142,000, 369,000, and 897,000 USD/day period (representing 5%, 12%, and 30%) for 2030, 2050, and 2100, respectively.
نوع الوثيقة: article
وصف الملف: electronic resource
اللغة: English
تدمد: 2077-1312
Relation: https://www.mdpi.com/2077-1312/8/6/432; https://doaj.org/toc/2077-1312
DOI: 10.3390/jmse8060432
URL الوصول: https://doaj.org/article/2dad974315c4451c9d6b567f5861b41b
رقم الأكسشن: edsdoj.2dad974315c4451c9d6b567f5861b41b
قاعدة البيانات: Directory of Open Access Journals
الوصف
تدمد:20771312
DOI:10.3390/jmse8060432