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		<id>https://www.designingbuildings.co.uk/w/index.php?action=history&amp;feed=atom&amp;title=Travel_cost_methods_of_valuation</id>
		<title>Travel cost methods of valuation - Revision history</title>
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		<updated>2026-05-06T01:29:30Z</updated>
		<subtitle>Revision history for this page on the wiki</subtitle>
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	<entry>
		<id>https://www.designingbuildings.co.uk/w/index.php?title=Travel_cost_methods_of_valuation&amp;diff=197612&amp;oldid=prev</id>
		<title>Editor at 17:43, 9 March 2021</title>
		<link rel="alternate" type="text/html" href="https://www.designingbuildings.co.uk/w/index.php?title=Travel_cost_methods_of_valuation&amp;diff=197612&amp;oldid=prev"/>
				<updated>2021-03-09T17:43:06Z</updated>
		
		<summary type="html">&lt;p&gt;&lt;/p&gt;
&lt;table style=&quot;background-color: white; color:black;&quot;&gt;
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		&lt;td colspan='2' style=&quot;background-color: white; color:black;&quot;&gt;← Older revision&lt;/td&gt;
		&lt;td colspan='2' style=&quot;background-color: white; color:black;&quot;&gt;Revision as of 17:43, 9 March 2021&lt;/td&gt;
		&lt;/tr&gt;&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 27:&lt;/td&gt;
&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 27:&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;* Whole life value.&lt;/div&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;* Whole life value.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;minus;&lt;/td&gt;&lt;td style=&quot;background: #ffa; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;[[Category:&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Definitions&lt;/del&gt;]] [[Category:&lt;del class=&quot;diffchange diffchange-inline&quot;&gt;DCN_Definition&lt;/del&gt;]] [[Category:Cost_/_business_planning]]&lt;/div&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;+&lt;/td&gt;&lt;td style=&quot;background: #cfc; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;[[Category:&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;DCN_Definition&lt;/ins&gt;]] [[Category:&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;DCN_Guidance]] [[Category:Definitions&lt;/ins&gt;]] [[Category:Cost_/_business_planning]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</summary>
		<author><name>Editor</name></author>	</entry>

	<entry>
		<id>https://www.designingbuildings.co.uk/w/index.php?title=Travel_cost_methods_of_valuation&amp;diff=158670&amp;oldid=prev</id>
		<title>Designing Buildings at 09:32, 10 April 2020</title>
		<link rel="alternate" type="text/html" href="https://www.designingbuildings.co.uk/w/index.php?title=Travel_cost_methods_of_valuation&amp;diff=158670&amp;oldid=prev"/>
				<updated>2020-04-10T09:32:35Z</updated>
		
		<summary type="html">&lt;p&gt;&lt;/p&gt;
&lt;table style=&quot;background-color: white; color:black;&quot;&gt;
			&lt;col class='diff-marker' /&gt;
			&lt;col class='diff-content' /&gt;
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			&lt;col class='diff-content' /&gt;
		&lt;tr valign='top'&gt;
		&lt;td colspan='2' style=&quot;background-color: white; color:black;&quot;&gt;← Older revision&lt;/td&gt;
		&lt;td colspan='2' style=&quot;background-color: white; color:black;&quot;&gt;Revision as of 09:32, 10 April 2020&lt;/td&gt;
		&lt;/tr&gt;&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 1:&lt;/td&gt;
&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 1:&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;minus;&lt;/td&gt;&lt;td style=&quot;background: #ffa; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value of natural capital - the need for chartered surveyors]’ published by the Royal Institution of Chartered Surveyors in 2017 suggests that travel cost methods are revealed preference methods &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;of valuation &lt;/del&gt;that draw on the revealed preferences of stakeholders.&lt;/div&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;+&lt;/td&gt;&lt;td style=&quot;background: #cfc; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value of natural capital - the need for chartered surveyors]’ published by the Royal Institution of Chartered Surveyors in 2017 suggests that travel cost methods &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;of valuation &lt;/ins&gt;are revealed preference methods that draw on the revealed preferences of stakeholders.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;minus;&lt;/td&gt;&lt;td style=&quot;background: #ffa; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;In travel cost methods the value of a site to visitors can be assessed, for example, in terms of how much they have paid to reach the site and how many visitors the site receives, or by the costs incurred for school visits. &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;Well-designed surveys &lt;/del&gt;are used to &lt;del class=&quot;diffchange diffchange-inline&quot;&gt;elicit &lt;/del&gt;this information.&lt;/div&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;+&lt;/td&gt;&lt;td style=&quot;background: #cfc; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;In travel cost methods the value of a site to visitors can be assessed, for example, in terms of how much they have paid to reach the site and how many visitors the site receives, or by the costs incurred for school visits. &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;Surveys &lt;/ins&gt;are used to &lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;obtain &lt;/ins&gt;this information.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;Other revealed preference methods include:&lt;/div&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;Other revealed preference methods include:&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 27:&lt;/td&gt;
&lt;td colspan=&quot;2&quot; class=&quot;diff-lineno&quot;&gt;Line 27:&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;* Whole life value.&lt;/div&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;* Whole life value.&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;&amp;#160;&lt;/td&gt;&lt;td style=&quot;background: #eee; color:black; font-size: smaller;&quot;&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr&gt;&lt;td class='diff-marker'&gt;&amp;minus;&lt;/td&gt;&lt;td style=&quot;background: #ffa; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;[[Category:Definitions]] [[Category:Cost_/_business_planning]]&lt;/div&gt;&lt;/td&gt;&lt;td class='diff-marker'&gt;+&lt;/td&gt;&lt;td style=&quot;background: #cfc; color:black; font-size: smaller;&quot;&gt;&lt;div&gt;[[Category:Definitions&lt;ins class=&quot;diffchange diffchange-inline&quot;&gt;]] [[Category:DCN_Definition&lt;/ins&gt;]] [[Category:Cost_/_business_planning]]&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;/table&gt;</summary>
		<author><name>Designing Buildings</name></author>	</entry>

	<entry>
		<id>https://www.designingbuildings.co.uk/w/index.php?title=Travel_cost_methods_of_valuation&amp;diff=158668&amp;oldid=prev</id>
		<title>Designing Buildings: moved Travel cost methods to Travel cost methods of valuation</title>
		<link rel="alternate" type="text/html" href="https://www.designingbuildings.co.uk/w/index.php?title=Travel_cost_methods_of_valuation&amp;diff=158668&amp;oldid=prev"/>
				<updated>2020-04-10T09:31:12Z</updated>
		
		<summary type="html">&lt;p&gt;moved &lt;a href=&quot;/wiki/Travel_cost_methods&quot; class=&quot;mw-redirect&quot; title=&quot;Travel cost methods&quot;&gt;Travel cost methods&lt;/a&gt; to &lt;a href=&quot;/wiki/Travel_cost_methods_of_valuation&quot; title=&quot;Travel cost methods of valuation&quot;&gt;Travel cost methods of valuation&lt;/a&gt;&lt;/p&gt;
&lt;table style=&quot;background-color: white; color:black;&quot;&gt;
		&lt;tr valign='top'&gt;
		&lt;td colspan='1' style=&quot;background-color: white; color:black;&quot;&gt;← Older revision&lt;/td&gt;
		&lt;td colspan='1' style=&quot;background-color: white; color:black;&quot;&gt;Revision as of 09:31, 10 April 2020&lt;/td&gt;
		&lt;/tr&gt;&lt;/table&gt;</summary>
		<author><name>Designing Buildings</name></author>	</entry>

	<entry>
		<id>https://www.designingbuildings.co.uk/w/index.php?title=Travel_cost_methods_of_valuation&amp;diff=158667&amp;oldid=prev</id>
		<title>Designing Buildings: Created page with &quot;RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value o...&quot;</title>
		<link rel="alternate" type="text/html" href="https://www.designingbuildings.co.uk/w/index.php?title=Travel_cost_methods_of_valuation&amp;diff=158667&amp;oldid=prev"/>
				<updated>2020-04-10T09:30:50Z</updated>
		
		<summary type="html">&lt;p&gt;Created page with &amp;quot;RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value o...&amp;quot;&lt;/p&gt;
&lt;p&gt;&lt;b&gt;New page&lt;/b&gt;&lt;/p&gt;&lt;div&gt;RICS Insight Paper ‘[https://www.rics.org/globalassets/rics-website/media/knowledge/research/insights/value-of-natural-capital-the-need-for-chartered-surveyors-rics.pdf Value of natural capital - the need for chartered surveyors]’ published by the Royal Institution of Chartered Surveyors in 2017 suggests that travel cost methods are revealed preference methods of valuation that draw on the revealed preferences of stakeholders.&lt;br /&gt;
&lt;br /&gt;
In travel cost methods the value of a site to visitors can be assessed, for example, in terms of how much they have paid to reach the site and how many visitors the site receives, or by the costs incurred for school visits. Well-designed surveys are used to elicit this information.&lt;br /&gt;
&lt;br /&gt;
Other revealed preference methods include:&lt;br /&gt;
&lt;br /&gt;
* Hedonic pricing.&lt;br /&gt;
* Avertive expenditure (or avertive behaviour method).&lt;br /&gt;
* Replacement cost.&lt;br /&gt;
* Direct market valuation.&lt;br /&gt;
&lt;br /&gt;
Approaches other than the revealed preference method include:&lt;br /&gt;
&lt;br /&gt;
* Stated preference valuation.&lt;br /&gt;
* Value transfer/benefit transfer.&lt;br /&gt;
&lt;br /&gt;
= Related articles on Designing Buildings Wiki =&lt;br /&gt;
&lt;br /&gt;
* Environmental value concepts.&lt;br /&gt;
* Hedonic pricing.&lt;br /&gt;
* Natural capital.&lt;br /&gt;
* RICS.&lt;br /&gt;
* Stated preference valuation.&lt;br /&gt;
* Valuation.&lt;br /&gt;
* Value added.&lt;br /&gt;
* Value.&lt;br /&gt;
* Whole life value.&lt;br /&gt;
&lt;br /&gt;
[[Category:Definitions]] [[Category:Cost_/_business_planning]]&lt;/div&gt;</summary>
		<author><name>Designing Buildings</name></author>	</entry>

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