6. Discussion
The results described above show that the type of coastal
landscape has an effect on the price of accommodation. Sealevel
rise will have an impact on the coastal landscape, whether
through erosion or land loss. Flooding of low-lying areas is a particular problem in Schleswig-Holstein, which will be
exacerbated with sea-level rise and an increase in storminess.
Sterr (2000) reckons that with a 1 m increase in sea level there
will be an increase in the probability of flooding by up to 1/10 at
both the North Sea and the Baltic Sea coast. Adaptation
measures to cope with the increased probability of flooding
include increasing the height of existing dikes or in some cases
the construction of new dikes.
The district of Westerland, which is situated on the island of
Sylt at the North Sea and the district of Timmendorfer Strand
at the Baltic Sea are important tourism districts. Furthermore,
they are located in low-lying areas of the coast of Schleswig-
Holstein. Table 7 shows the hedonic prices of the four coastal
variables for each of the accommodation types. The coefficients
are taken from the results of the model specifications L1.
The minimumaverage price for each accommodation category
is taken from the price database.