Global economic value of shark ecotourism: implications for conservation

Cisneros-Montemayor, Andrés M., Barnes-Mauthe, Michele, Al-Abdulrazzak, Dalal, Navarro-Holm, Estrella, and Samaila, U. Rashid (2013) Global economic value of shark ecotourism: implications for conservation. Oryx, 47 (3). pp. 381-388.

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Abstract

Amid 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 > USD 780 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.

Item ID: 42250
Item Type: Article (Research - C1)
ISSN: 1365-3008
Keywords: economic value; fisheries; marine ecotourism; shark conservation
Funders: Pew Charitable Trust
Date Deposited: 10 Feb 2016 02:41
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140205 Environment and Resource Economics @ 60%
05 ENVIRONMENTAL SCIENCES > 0502 Environmental Science and Management > 050209 Natural Resource Management @ 20%
05 ENVIRONMENTAL SCIENCES > 0502 Environmental Science and Management > 050202 Conservation and Biodiversity @ 20%
SEO Codes: 96 ENVIRONMENT > 9606 Environmental and Natural Resource Evaluation > 960601 Economic Incentives for Environmental Protection @ 50%
96 ENVIRONMENT > 9605 Ecosystem Assessment and Management > 960507 Ecosystem Assessment and Management of Marine Environments @ 50%
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