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Home » Latest News » Shark-Dive Tourism in Fiji Worth US$42.2 Million a Year

Shark-Dive Tourism in Fiji Worth US$42.2 Million a Year

Conservation Measures Poised to Be Economic Driver

SUVA, Fiji (April 19, 2012)—A new analysis by the Australian Institute of Marine Science and the University of Western Australia concluded that in 2010, shark-related diving contributed US$42.2 million to the economy of Fiji. The shark-diving industry generated at least an additional US$4 million annually for Fijian communities through salaries and local levies.

“This study clearly shows the role sharks and tourism play in the economy of Fiji,”said Matt Rand, director of global shark conservation at the Pew Environment Group. “Fiji has a significant financial incentive to declare a shark sanctuary and solidify its reputation as one of the top diving destinations in the world.”

The study, “The Socio-Economic Value of the Shark-Diving Industry in Fiji,” found that overall tourism activities in 2010 generated US$558 million, approximately 18 percent of the country’s gross domestic product (GDP), and that one in 10 tourists engaged in diving activities. In particular, diving with sharks has become more popular over the past several years; in fact one dive operator in Pacific Harbour reported the number of divers increased more than 300 percent, from 700 in 2004 to 3,000 in 2010.

Shark diving is also popular in other areas of Fiji.The revenues from this recreational activity in locations such as Vanua Levu, Taveuni, and the Mamanuca/Yasawa island group were almost eight times that of Pacific Harbour. In Viti Levu, the country’s largest island, profits totaled approximately US$10.2 million; and to the northwest, the island groups of Mamanuca and Yasawa generated US$3.2 million.

“Our survey found that sharks are one of the most significant creatures tourists wish to see when scuba diving,” said Dr Mark Meekan  a lead author of the study. “These animals are also an indicator of healthy coral reef ecosystems.”

Diving with sharks is a growing business worldwide, with established operations found 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 diving is becoming an economic driver across the Indo-Pacific. In Palau, a recent study found that US$18 million a year (or 8 percent of its GDP) is generated by this activity. In French Polynesia, diving with lemon sharks off Moorea Island brings in about US$5.4 million annually.

At least 75 shark and ray species inhabit the waters of the Fiji islands. According to the International Union for Conservation of Nature Red List of threatened species, 66 percent of these species are globally threatened or near threatened. Although Fiji has implemented strong measures to safeguard the marine environment, there are no specific protections for sharks.

Up to 73 million of these animals are killed every year primarily for their fins, which are used to make shark fin soup, a popular dish in Asia. Over the last two years, several countries—including Palau, the Maldives, Honduras, the Bahamas, and the Marshall Islands—have created sanctuaries and prohibited commercial shark fishing to protect these species in their waters.

Around the world we need these sharks and these statistics prove that they are more value alive than dead.  When I was in Fiji back in 2002, I found that Fijian’s earn on average F$2.50 an hour.  So based on that figure, $42.2 million is surely a positive thing for this struggling Pacific nation.