The authors review the anticipated benefits from tourism for protected areas in Madagascar, the mechanisms that have been adopted, and how these are working at national and local levels. The contribution of tourism to the maintenance of Protected Areas in Madagascar is assessed. The anticipated benefits of tourism envisaged by the 1991 National Environmental Action Plan are considered to be over-optimistic. The growth rate in tourist arrivals is found to be smaller than previously anticipated as a result of infrastructural constraints at national and local scales. It is suggested that revenues from tourism are inadequate in meeting park management costs although the local transfer of entrance fee revenues to development projects is found to be more beneficial. It is also argued that the benefits of revenue sharing can be effective only for a limited number of protected areas until unfrastructure is improved and protected areas become more accessible to tourists.