Surveys and statistical data reveal that manta ray tourism contributes approximately USD 311 million (MVR 6.2 billion) annually to the Maldivian economy.
The economic impact of manta ray tourism was highlighted through a comprehensive study involving tour operator surveys and an analysis of tourism statistics. According to the research, these figures represent the direct economic contribution generated by the manta ray tourism sector.
The study estimates the economic value of a single manta ray at USD 2.6 million. Furthermore, the research indicates that a typical large deep-sea ray carries an estimated value of USD 91,200.
Data shows that in 2021 alone, manta ray tourism generated USD 227.3 million for the Maldives. Of this total, USD 39 million was derived directly from diving and snorkelling excursions focused on manta ray sightings. The remaining USD 188.3 million was generated through associated tourism services.
"This accounts for 2.6 percent of the national Gross Domestic Product (GDP)," the study noted.
In comparison, manta ray tourism was valued at USD 8.1 million in 2008. Over the 13 years leading up to 2021, the industry has experienced a staggering 380 percent growth. Currently, 80 percent of tour operators in the Maldives offer manta ray-related tourism services.
"These figures demonstrate the value of manta rays to the Maldives. It also highlights the critical importance of protecting the benefits derived from manta ray tourism and safeguarding the species from any potential negative impacts caused by tourism activities," the study emphasized.
Manta ray tourism is most prominent in Baa Atoll, which is home to a UNESCO Biosphere Reserve. Other major hubs for this market include Alif Dhaal Atoll, Kaafu Atoll, and Alif Alif Atoll. Currently, manta ray tourism services are provided in 19 out of the 20 atolls across the Maldives.
