Home > Global economic value of shark ecotourism: implications for conservation

Global economic value of shark ecotourism: implications for conservation

Posted on 31 May 2013

TitleGlobal economic value of shark ecotourism: implications for conservation
Publication TypeJournal Article
Year of Publication2013
AuthorsCisneros-Montemayor, AM, Barnes-Mauthe M, Al-Abdulrazzak D, Navarro-Holm E, Sumaila RU
Pagination1 - 8
Date Published04/13
Keywordseconomic value, fisheries, global, marine ecotourism, Ningaloo, shark conservation, Shark tourism
AbstractAmid declining shark populations because of overfishing, a burgeoning shark watching industry, already well established in some locations, generates benefits from shark protection. We compile reported economic benefits at shark watching locations and use a meta-analytical approach to estimate benefits at sites without available data. Results suggest that, globally, c. 590,000 shark watchers expend .USD 314 million per year, directly supporting 10,000 jobs. By comparison, the landed value of global shark fisheries is currently c. USD 630 million and has been in decline for most of the past decade. Based on current observed trends, numbers of shark watchers could more than double within the next 20 years, generating.USD780 million in tourist expenditures around the world. This supports optimistic projections at new sites, including those in an increasing number of shark sanctuaries established primarily for shark conservation and enacted in recognition of the ecological and economic importance of living sharks.
Short TitleOryx
Refereed DesignationRefereed