All posts tagged: Bahamas

Sharks Ecotourism Could Double in Next Two Decades

Shark Ecotourism Could Double in Next Two Decades

WASHINGTON, May 30, 2013 /CNW/ – According to a new global analysis led by researchers at the University of British Columbia and other scientists, shark watching is a major economic driver for dozens of countries, generating $314 million annually. Citing the study’s projections that shark-related tourism could more than double within 20 years, generating over $780 million annually, The Pew Charitable Trusts is calling for greater protections for sharks through the designation of sanctuaries around the world. Shark-related tourism is a growing business worldwide, with established operations in at least 83 locations in 29 countries. Although places such as South Africa, the United States, and Australia have typically dominated this industry, shark ecotourism is becoming an economic boon to countries across the Indian Ocean and Pacific Ocean regions. The study finds that shark watching attracts 590,000 tourists and supports more than 10,000 jobs each year. The increase in shark ecotourism and its economic value can lead to interest in establishing sanctuaries for sharks, which play a critical role in the health of marine systems. In …