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How to travel the world on $50 a day : travel cheaper, longer, smarter
For over half a decade, Matt Kepnes (aka Nomadic Matt) has used his massively popular travel blog to teach readers how to travel the world on the cheap. Arguing that traditional travel media lies, Matt cuts through the myth that travel is expensive. In the new edition of How to Travel the World on $50 a Day, Matt reveals the tips, tricks, and secrets to comfortable budget travel that you won't find anywhere else with over 100 new pages of updated content. Traditional media shows you expensive hotels, resorts, cruises, and packages because that's what makes them money. They make you believe you have to spend money on travel. This book will show you why that is a lie and how to use the system against itself to gain free flights, hotel rooms, find alternative accommodation, get into attractions for free, websites to find the best deals, and as well as detailed costs and saving tips for destinations around the world.
Book
Application of the Travel Cost Method to Estimate the Economic Value of Brasília National Park
Ecological parks in Brazil are facing financial difficulties due to a disputed public budget for their administration. In this context, the environmental valuation of Brasília National Park is important for the development of financing instruments. The aim of this study is to estimate the economic value of the recreational use of Brasília National Park and to determine the price–demand elasticity among visitors residing in the Federal District. This involves estimating travel costs through regression analysis using cross-sectional data collected via questionnaires administered to park visitors. The results reveal a significant impact of travel cost on park demand, in which a 1% increase in travel costs reduces the park’s visitation rate by 4.1%. The economic value of Brasília National Park was estimated at approximately USD 25 million per year, equivalent to around BRL 140 million annually, based on an exchange rate of USD 1.00 = BRL 5.50 as of April 2020.
Journal Article
The best things in life are free : the ultimiate money-saving travel guide
\"Lonely Planet's 'The Best Things in Life are Free' is packed full of money-saving tips, tricks and recommendations for the best-value sights and experiences around the world. From parks, museums and exercise classes that are free, to insider ideas on food and experiences offered at great value, this book features over 60 major cities around the world and promises to help any traveller on a budget to make the most of their trip\"-- Provided by publisher.
Book
Economic Valuation of Lake Tana: A Recreational Use Value Estimation through the Travel Cost Method
Lake Tana is a well-known tourist spot in northern Ethiopia that lures both domestic and foreign tourists. The lake’s value is still underrated, despite the site’s immense potential for recreation and tourism. In this study, the recreational value of Lake Tana is estimated, and the consumer characteristics associated with recreational demand are analyzed. The study employs a Zero-Truncated Poisson (ZTP) regression model for data generated by the Individual Travel Cost Method (ITCM) and draws information from 1094 on-site surveys. According to ZTP regression results, variables that are significantly and positively associated with demand for Lake Tana recreation include the monthly income and age of the visitors and their preference for other recreation destinations such as Tis-Abay and Gondar Fasiledes Royal Castle. However, respondents’ leisure time, overall cost, and residential distance from the recreational site are all negatively associated with the demand for recreation. It is also evident that Lake Tana is endowed with a wealth of attributes, ranging from natural beauty to ancient religious and cultural heritages, making the lake a highly desirable recreation destination. According to the estimation, Lake Tana has a yearly recreational value of around USD 68.5 million. However, it also demonstrates that if lake settings were to improve in quality, the value of Lake Tana would rise considerably, reaching USD 151 million. The value of sentimental attachment implies that determining Lake Tana’s recreational value is a key element in the resource’s sustainable utilization and management. To make greater use of Lake Tana’s recreational amenities, however, uncontrolled waste disposal, favorable recreation facilities, and the spread of water hyacinth should be addressed immediately. Furthermore, it is imperative to maintain the lake’s diverse attributes, as the integration of these attributes is what gives the lake its primary appeal.
Journal Article
Seasonal and Regional Differences in Economic Benefits of Turkey Hunting
Wild turkey (Meleagris gallopavo silvestris; hereafter, turkey) hunting is a popular outdoor recreation activity in many states, including Tennessee, USA. Despite its cultural and social significance, economic benefits associated with turkey hunting are largely unknown. Past economic studies either focused on other big game species or provided generic value for big game, and do not offer benefit estimates specific to turkey. We estimated a demand model for turkey hunting trips in Tennessee and quantified pertrip and statewide aggregate value of turkey hunting. We compared the net economic value of turkey hunting trips between hunting seasons (autumn and spring) and wildlife management regions that differ in many aspects including turkey population, hunting regulations, etc. Per person per trip value of turkey hunting ranged between US$34 and US$90 depending on the modeling assumption regarding hunters’ opportunity cost of time. Moreover, estimated value differed among regions and between hunting seasons, with the value of a turkey-hunting trip in the spring season being twice that of the autumn season. Many states in southern United States, including Tennessee, have recently experienced declines in turkey populations and are in need of economic justifications for investment in research and management. Our results are useful to wildlife agencies in characterizing economic benefits of turkey hunting and evaluating the welfare implications of regulations (e.g., closure, reduction in season length) restricting or expanding hunting opportunities.
Journal Article
The Individual Travel Cost Method with Consumer-Specific Values of Travel Time Savings
The treatment of the opportunity cost of travel time in travel cost models has been an area of research interest for many decades. Our analysis develops a methodology to combine the travel distance and travel time data with respondent-specific estimates of the value of travel time savings (VTTS). The individual VTTS are elicited with the use of discrete choice stated preference methods. The travel time valuation procedure is integrated into the travel cost valuation exercise to create a two-equation structural model of site valuation. Since the travel time equation of the structural model incorporates individual preference heterogeneity, the full structure model provides a travel cost site demand model based upon individualized values of time. The methodology is illustrated in a study of recreational birdwatching, more specifically, visits to a ‘stork village’ in Poland. We show that the usual practice of basing respondents’ VTTS on 1/3 of their wage rate is largely unfounded and propose alternatives—including a separate component of the travel cost survey aimed at valuation of respondents’ VTTS or, as a second best, asking if they wish if their journey was shorter and for those who do—use full hourly wage as an indicator of their VTTS.
Journal Article
How Do Travel Costs Shape Collaboration?
We develop a simple theoretical framework for thinking about how geographic frictions, and in particular travel costs, shape scientists’ collaboration decisions and the types of projects that are developed locally versus over distance. We then take advantage of a quasi-experiment—the introduction of new routes by a low-cost airline—to test the predictions of the theory. Results show that travel costs constitute an important friction to collaboration: after a low-cost airline enters, the number of collaborations increases between 0.3 and 1.1 times, a result that is robust to multiple falsification tests and causal in nature. The reduction in geographic frictions is particularly beneficial for high-quality scientists that are otherwise embedded in worse local environments. Consistent with the theory, lower travel costs also endogenously change the types of projects scientists engage in at different levels of distance. After the shock, we observe an increase in higher-quality and novel projects, as well as projects that take advantage of complementary knowledge and skills between subfields, and that rely on specialized equipment. We test the generalizability of our findings from chemistry to a broader data set of scientific publications and to a different field where specialized equipment is less likely to be relevant, mathematics. Last, we discuss implications for the formation of collaborative research and development teams over distance.
This paper was accepted by Toby Stuart, entrepreneurship and innovation.
Journal Article
Economic valuation of biodiversity in South Asia: The case of Dachigam National Park in Jammu and Kashmir (India)
Biodiversity needs our attention because humans receive a wide range of direct and indirect benefits. Valuation of biodiversity is important to establish the importance of use and non-use values of biological resources and cost of ignoring them. Against this backdrop, the aim of this study is to capture the recreational value of the national park biodiversity while employing travel cost method. To this end, the value of the economic benefits generated by sustainable management of Dachigam National Park in Jammu and Kashmir (India) is estimated using data from 301 visitors from different parts of the country. Data are analysed using count data models, and results reveal that travel cost method is suitable for valuation of various use values generated by environmental resources such as national parks. Estimated results show that consumer surplus per visitor per visit in present study is equal to Rs. 12,470 (US $197), which translates into an annual monetary recreational value of about Rs. 247,614,828 (approximately US $3,930,395). Demand for tourism services is also found to be fairly insensitive to travel cost/price. Therefore, an increase in entry fee and redistribution of proceeds can improve the physical and financial management of the park.
Journal Article
Running a car costs much more than people think — stalling the uptake of green travel
Car owners underestimate total vehicle costs. Giving consumers this information could encourage the switch to cleaner transport and reduce emissions.
Running a car costs much more than you think
Car owners underestimate total vehicle costs. Giving consumers this information could encourage the switch to cleaner transport and reduce emissions.
Journal Article
Experiences of women who travel for abortion: A mixed methods systematic review
To systematically review the literature on women's experiences traveling for abortion and assess how this concept has been explored and operationalized, with a focus on travel distance, cost, delays, and other barriers to receiving services.
Increasing limitations on abortion providers and access to care have increased the necessity of travel for abortion services around the world. No systematic examination of women's experiences traveling for abortion has been conducted; this mixed-methods review provides a summary of the qualitative and quantitative literature on this topic.
A systematic search was conducted using PubMed, Embase, Web of Science, Popline, and Google Scholar in July 2016 and updated in March 2017 (PROSPERO registration # CRD42016046007). We included original research studies that described women's experiences traveling for abortion. Two reviewers independently performed article screening, data extraction and determination of final inclusion for analysis. Critical appraisal was conducted using CASP, STROBE, and MMAT checklists.
We included 59 publications: 46 quantitative studies, 12 qualitative studies, and 1 mixed-methods study. Most studies were published in the last five years, relied on data from the US, and discussed travel as a secondary outcome of interest. In quantitative studies, travel was primarily conceptualized and measured as road or straight-line distance to abortion provider, though some studies also incorporated measures of burdens related to travel, such as financial cost, childcare needs, and unwanted disclosure of their abortion status to others. Qualitative studies explored regional disparities in access to abortion care, with a focus on the burdens related to travel, the impact of travel on abortion method choice, and women's reasons for travel. Studies generally were of high quality, though many studies lacked information on participant recruitment or consideration of potential biases.
Standardized measurements of travel, including burdens associated with travel and more nuanced considerations of travel costs, should be implemented in order to facilitate comparison across studies. More research is needed to explore and accurately capture different dimensions of the burden of travel for abortion services on women's lives.
Journal Article