Keywords: environmental economics, sportfishing, tourism, economic impacts, Los Cabos, sustainable resource use, local economy sustainability, anglers, fishing, sustainable fisheries, Mexico
The economic contributions of anglers to the Los Cabos economy: quantifying value in a sustainable fishery
In 2007 and 2008, a comprehensive study was conducted to estimate the dollars, jobs and tax revenues created by anglers in the Los Cabos region. In that period an estimated 354,013 people, most all of them international visitors, fished in Los Cabos. While in Los Cabos, they spent an estimated $1,785 each for lodging, charter boats, food, transportation, tackle, fuel, and much more. These expenditures then started a series of economic effects rippling through the local economy, creating: US$633.6 million in retail sales, 24,426 jobs, US$245.5 million in local and federal tax revenues, and US$1.125 billion in total economic activity. These results have been used to inform Mexican business and political leaders of the value of low-impact and sustainable sportfishing tourism as an attractive alternative to high risk exploitation by industrial fisheries.