Abstract:
Economic valuations have proved to be important tools in improving natural resources management and conservation. However
there are several methods to evaluate recreational value of natural ecosystem, the Method that is used in this study is only the
contingent valuation method (CVM), because this method is recommended as providing acceptable economic measures of the
social benefits of recreational activities for both the used and non-used values. The study was conducted based on a random
survey of 150 respondents of foreign visitors that visited the park were interviewed. The interview was conducted through a
structured questionnaire over a period of eight months. The average age of respondents included in the sample is 38 years,
ranging from 18 to 65 years. Perception on biological diversity loss justification in the context of the conservation of park
showed that the majority of visitors agreed to the point. This concern is reflected by the respondents in WTP for the SMNP is
encouraging and showed positive attitude. Value of willingness-to-pay was positively affected by the respondent’s income, age,
and education
