The Business of Sharks: A Thriving Tourism Industry

Each year, an estimated 100 million sharks are killed, primarily for their fins, which fuel the shark fin trade. This unsustainable practice has led to severe population declines in many shark species.

The global shark fin industry is valued at over $1 billion annually, yet the economic benefits of live sharks far exceed this figure. Countries that invest in shark conservation and eco-tourism generate hundreds of millions of dollars while preserving these vital marine predators.

​This raises the question: is a shark worth more dead or alive?

Shark Tourism: An Economic Powerhouse​
​
Shark-related tourism represents a significant source of revenue for many destinations worldwide. Studies estimate that this sector attracts around 600,000 enthusiasts annually, generating 10,000 direct jobs and annual revenues of $314 million. Projections suggest that this figure could reach $780 million within 20 years.

Key Destinations for Shark TourismThe Bahamas

In 2011, The Bahamas established a shark sanctuary, banning all fishing of these species within its waters. This initiative has boosted the tourism sector, with tour operators offering diving expeditions to observe these marine predators. In 2023, The Bahamas welcomed approximately 8 million visitors, combining air and sea arrivals. Shark tourism significantly contributes to the archipelago's economy.

Mexico: Mexico is renowned for whale shark observation, particularly in regions like the Yucatán Peninsula. Whale shark tourism represents 57% of global shark and ray tourism, with snorkeling opportunities in 19 countries, including Mexico. This activity attracts thousands of divers and snorkelers annually, supporting the local economy.

French Polynesia : French Polynesia, particularly the island of Moorea, is recognized for its shark conservation efforts. Shark-related tourism contributes approximately €2.5 million annually to the local economy. A single lemon shark can generate over €400,000 throughout its lifetime, and this sector accounts for 57% of wildlife-based ecotourism in the region.

Other Notable Destinations

• Palau: Shark-centered ecotourism generates $18 million annually, contributing 8% of the country's GDP.

​

• Indian Ocean: According to a study by the Global Shark Diving Association, shark tourism generates estimated annual revenues exceeding $314 million, highlighting the importance of preserving these species for local communities reliant on tourism.

Take the Dive Further

Discover an exclusive fine art photograph featuring the iconic hammerhead shark.
Each print is signed, gallery-quality, and carefully shipped from the studio.

View the Artwork →

The Importance of Sustainable Practices

While shark tourism offers significant economic opportunities, adopting sustainable practices is essential to ensure the preservation of these species and their habitats. Key measures include:

• Ban on shark feeding: Some destinations, such as French Polynesia, have prohibited shark feeding to prevent behavioral changes and minimize the risk of human dependence.

• Respect for distances and interaction regulations: Strict protocols must be followed to avoid stressing sharks and ensure respectful coexistence.

• Tourist awareness: Educating visitors about sharks' ecological role and the importance of their conservation promotes responsible tourism.

​

• Control of diver numbers: Regulating the number of tourists in fragile areas is necessary to limit environmental impact.

By adopting these practices, destinations can continue benefiting economically from shark tourism while preserving these essential oceanic creatures.
​
The sustainable development of this industry depends on balancing economic exploitation and conservation, ensuring shark protection for future generations.

Get ocean updates once a week.