Shark watching tourism could double in the next two decades, study finds

Live sharks may soon become more valuable as tourist attractions than when caught and served in soup, according to new research.

Shark watching tourism generates around $314 million (£206 million) a year and is projected to surge to $780 million (£512 million) in the next 20 years, according to the study in the journal Oryx - The International Journal of Conservation, reports the Daily Mail.

By contrast, the landed value of world shark fisheries is now $630 million (£414 million) a year and has been declining, according to experts in Canada, the United States and Mexico.

South Africa, the United States, and Australia have typically dominated the shark ecotourism industry.

But in recent years Palau, the Maldives, Honduras, Tokelau, the Bahamas, the Marshall Islands, the Cook Islands, French Polynesia and New Caledonia have created sanctuaries by banning commercial shark fishing.

"Many countries have a significant financial incentive to conserve sharks and the places where they live," said Jill Hepp, director of global shark conservation at the Pew Charitable Trusts, which took part in the research.

The study is one of many about how to aid world fisheries, hit by pollution and over-fishing.
Tourism draws almost 600,000 people annually to watch sharks from hammerheads to great whites, supporting 10,000 jobs in at least 83 locations in 29 countries, it said.

Fishermen need to see a higher value from organising tourism - such as running boat trips to view sharks or renting scuba gear - than from killing them for fins, said Carl Gustaf Lundin, director of the global marine programme at the International Union for Conservation of Nature, which was not involved in the study.


The research urges better protection for the fish, from Australia to the Caribbean, to reduce catches of an estimated 38 million a year to meet demand for shark fin soup, mainly in China.


"We are hoping that people will recognise that sharks are not only valuable on the plate," lead author Andres Cisneros-Montemayor of the University of British Columbia in Canada said.