Public land is a highly valued resource, providing the only natural areas for recreation for many local residents. Natural environments are also important components of the recreation and tourism industry and contribute significantly to attracting tourists to north east NSW in order to experience their landscapes and wildlife. Nature-based outdoor recreation is increasingly in demand as urbanization continues around the world.
National Parks make a significant contribution to regional economies and to nearby towns through direct tourist expenditure. The direct expenditure also leads to indirect impacts resulting from purchases from other sectors and induced impacts when workers spend income on goods and services. If tourism is appropriately managed the economic returns generated can be maintained over a long period of time for the benefit of a broad range of local businesses and residents.
As at 2010 the visitation to National Parks and reserves in north east NSW was estimated from a variety of sources as 9.4-10.8 million visits per year. This is an increase of over 250% in visitation since the Forest Reform process started in 1997. Expenditure associated with this visitation has been conservatively assessed as generating a business turnover of some $416-476 million and some 2,642-3,026 direct and indirect jobs in the regional economy. (see: Identifying the Recreational Value of Reserves)
The benefits to visitors can be measured in terms of consumer surplus,. which is how much a visitor is willing to pay above the price currently determined by market forces The consumer surplus of north east NSW’s National Parks is estimated as some $348-399 million.
It is evident that the creation of reserves in the Forest Reform process has been of significant economic benefit to the residents of north-east NSW.