[Coral-List] new report on the value of sharks for tourism
douglasfenner at yahoo.com
Sun May 29 03:11:25 EDT 2011
A new study of the economic value of shark dive tourism for Palau has been released.
The summary statements include:
* The estimated annual value to the tourism industry of an individual reef shark that frequents these sites was US$179,000, or US$1.9 million over its lifetime;
* Shark diving brings approximately US$18 million annually to the Palauan economy, approximately eight percent of the country’s gross domestic product;
* The annual income in salaries paid by the shark-diving industry was an estimated US$1.2 million; and
* The annual tax income to Palau generated by shark diving was approximately 14 percent of the country’s business tax revenue
A fishery targeting the same 100 sharks that are interacting with the tourism industry in Palau would obtain a maximum of US$10,800, or 0.00006% of the life-time value of these animals as a non-consumptive resource.
The tax revenues collected from shark diving were roughly 24 times higher than those from the fishing industry.
Media releases (the two have the same text):
The full paper can be downloaded free at
Coral Reef Monitoring Ecologist
Dept Marine & Wildlife Resources
PO Box 3730
Pago Pago, AS 96799
work phone 684 633 4456
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