Economic Valuation of Landscape in Marinas: Application to a Marina in Spanish Southern Mediterranean Coast (Granada, Spain)

Abstract

Assigning a monetary value to a landscape improves its importance. It helps to realize the magnitude of the benefits that can be obtained and represents the basis for applying protection and improvement policies. As a case study, we considered Marina del Este, located on the Spanish Southern Mediterranean coast, characterized by the presence of protected natural areas of great value and a rugged coastline beautiful to sailors. This study applies the analytic multicriteria valuation method (AMUVAN) to estimate the landscape’s economic contribution. This method combines the analytic hierarchy process and discounted cash flow analysis. A total of 16 participants were considered, all with knowledge about the marina, which included areas of the marina management, management organizations with competencies in the marina environment, commercial operation, and university professors. They weighted the importance of landscape concerning the rest of the marina activities, use versus non-use values, and the components of the total economic value (TEV) of the landscape within marinas as a natural asset. Results expressed that the landscape may reach a value of around 16.3 million euros. It represents more than 3000% of the value of the marina’s profit and loss account. A detailed analysis of the components of the TEV makes it possible to propose strategies to improve the economic value of the landscape.

Landscape Values in a Marina in Granada (Spain): Enhancing Landscape Management through Public Participation

“…However, an implicit understanding of the concept of landscape is held in its broadest sense, even if there is no specific training on the landscape. The fact that the interviews deduce the importance of landscape in Marina del Este results is coherent with the results obtained in previous studies on the economic valuation of the landscape in this same location [59].…”

“…Within this set of values, there are some in which it is necessary to improve their evaluation because of the importance they have for managing the marina. The principal function of a marina is hospitality [58,59,73,74]. Marinas are infrastructures related to nautical tourism [56,72], and tourism and hospitality are strongly linked [75].…”

Landscape Value in the Spanish Costa del Sol’s Real Estate Market: The Case of Marbella

“…Grundel et al explored in 2022 a collaborative process for Sweden, namely landscape resource analysis, as a tool to identify a variety of values and sometimes conflicting interests and to improve communication about these among different stakeholders by using maps and GIS [57]. In 2022, Martin and Yepes applied an analytic multicriteria valuation method to estimate the landscape's economic contribution [58]. In 2013, Tagliafierro et al proposed a multidisciplinary approach integrating landscape ecology, landscape preference studies and environmental economics to assess the economic value that people attach to different landscape attributes [59].…”

Age Simulation Suits in Education and Training of Staff for the Nautical Tourism Sector

“…The development of sustainable nautical tourism is underrepresented in the literature, and the sources available focus mainly on environmental issues. Social aspects are left unexplored, as is the training of staff for the nautical tourism sector [8][9][10]. Education to assist older adults at marinas is a new concept, aimed at drawing attention to its social and economic importance.…”