Tubbataha Reefs Natural Park (TRNP) is run with financial assistance from a range of sources. Conservation fees paid by visitors are the main source of funding, providing 74% percent of the annual budget. Grants from NGO’s and the private sector make up the other 26%. These funds are deposited in a local trust fund managed by the Tubbataha Protected Area Management Board and used solely for the administration of the Park.
- Tubbataha’s natural beauty and rich marine biodiversity is a prerequisite for diving tourism
- Effective enforcement or rules results in the maintenance of its natural beauty
- Conservation fees, anchored in the Tubbataha Reefs Natural Park Act, fund enforcement and other management activities
Tubbataha requires adequate financial and manpower resources in order to maintain effective management. So far, conservation fees, which remained the same for the last 10 years, are the main source of income. A 66% increase in conservation fees in 2017 provided more income for management, resulting in less reliance on external support. As tourism could be an unstable source of funds due to external variables, more diversified sources of financing need to be obtained. The sale of merchandise and widening the network of possible funders are some ways employed for Tubbataha.