According to a new study, shark tourism is worth $18 million annually to the Pacific Island nation of Palau. Additionally, a single reef shark can contribute almost $2 million in its lifetime to the economy of Palau.
“Shark tourism can be a viable economic engine,” said Matt Rand, director of Global Shark Conservation for the Pew Environment Group, a conservation arm of The Pew Charitable Trusts, which commissioned the research. “Overfishing of sharks can have disastrous effects on ocean ecosystems, but this study provides a compelling case that can convince more countries to embrace these animals for their benefit to the ocean and their value to a country’s financial well-being.”
Read the full article, New Shark Tourism Study May Have Implications For All Shark Infested Waters, on the Maui Now website.