Recreation value of coral reef ecosystems (Philippines) (Alternate valuation 4)can help you understand the value of
$365 per hectare per year
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This is the estimated value of the ecosystem service: Recreation, subservice: Tourism. This valuation is specific to Philippines.
This valuation was extracted from The TEEB Valuation Database – a searchable database of 1310 estimates of monetary values of ecosystem services. Foundation for Sustainable Development, Wageningen, the Netherlands. Available at: http://www.fsd.nl/downloadattachment/80763/87522/TEEB%20database%20and%20Final%20report.zip
This valuation was calculated for Olango Island, Cebu, Phillippines. This valuation was calculated using the Direct market pricing method.
White, A.T., M. Ross and M. Flores (2000) Benefits and costs of coral reef and wetland management, Olango Island, Philippines. In: Cesar, H. (ed), "Collected essays on the economics of coral reefs". Kalmar, Sweden: CORDIO, Kalmar University: 215-227.
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