IJASEIT

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International Journal on Advanced Science, Engineering and Information Technology, Vol. () No. , DOI:10.18517/ijaseit...5737

Valuation Analysis of Ciletuh Palabuhanratu Geopark: Basis for Sustainable management Innovation

Yerry Yanuar, Mega Fatimah Rosana, Zuzy Anna, Adjat Sudrajat, Zulfiadi Zakaria, Purna Hindayani

Abstract

Ciletuh Palabuhanratu Geopark is a flagship of West Java tourism which had been officiated as National Geopark in 2015 and International Geopark in 2018. Ciletuh Palabuhanratu Geopark has geological uniqueness, making the area valuable to be conserved as well as developed as a sustainable tourism spot. As an argument for the decision makers, the value of the Geopark should be acknowledged, for the purpose of sustainable management basis. The aims of this research is to measure the economic value of Ciletuh Palabuhanratu Geopark, according to its use value, using the method of Individual Travel Cost Method (ITCM), and the non use value using Contingent Valuation Method (CVM), to get the information of the people’s Willingness To Pay (WTP), with respect to the uniqueness of the variety of geological resources at the geopark. The result shows that the total economic value of Ciletuh Palabuhanratu geopark is IDR 726 Trillion yearly, with respectively the use value IDR. 132,555,266,136,- yearly, and consumer surplus totalling IDR.72,420,159,40,- yearly. Meanwhile, the non-market of existing value is IDR. 726,226,000,876,448,- yearly. The total economic value is a proxy of the value of Ciletuh Palabuhanratu Geopark geological resources management to be sustainable. Therefore, the sustainable management of the Geopark is needed, by observing the support capability of the area and advocating resources value to society and policymaker to increase awareness of the area management.