New Economic Insights and Case Studies
Chapter 13: Yellow-eyed Penguins and Royal Albatross as Valuable Tourist Attractions
13. Yellow-eyed penguins and royal albatross as valuable tourist attractions 13.1 INTRODUCTION This chapter focuses on tourism and the conservation of yellow-eyed penguins (Megadyptes antipodes) and the northern royal albatross (Diomedea sanfordi) on New Zealand’s Otago Peninsula. These wildlife species have proven to be very valuable tourism resources and expenditure by tourists coming to view these species adds substantially to incomes and employment in the Dunedin region of New Zealand. This chapter examines the role of tourism in supporting the conservation of these species, and the contribution to income and unemployment in the Dunedin region of the tourism generated by these species, both of which are considered by the International Union for Conservation of Nature (IUCN) to be endangered. This is followed by a general discussion of how wildlife which is used to meet the demands of tourists should be valued, and consideration is given to whether landholders relying on income from wildlife-based tourism can be expected to conserve wildlife species to an extent that is socially optimal from an economic point of view. The Otago Peninsula is located on the South Island of New Zealand near the city of Dunedin. It provides excellent opportunities for viewing wildlife, such as the yellow-eyed penguin and the royal albatross which spend part of their time at sea and a portion on land. Royal albatross come there to nest, yellow-eyed penguins come ashore to both nest and rest and New Zealand fur seals (Arctocephaus fosteri) visit its shoreline to relax, and to give...
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