Abstract: Bounded by two of the world's highest mountain ranges, the Great Himalaya and the Karakoram, Ladakh is a land of exhilarating mountain landscapes, rocky gorges and a unique cultural heritage. It is also home to distinctive wildlife such as the snow leopard, blue sheep and Tibetan wild ass, all living in a unique high altitude desert ecosystem. Not surprisingly, Ladakh is becoming a sought after tourist destination for international and domestic visitors alike. Over the past two decades tourism has grown substantially, although erratically, with both positive and less positive results for Ladakh's environment and people. People are recognizing that it is important to act now and engage in an informed dialogue in order to conserve the natural and cultural resources on which the future of tourism and related incomes depend. The Snow Leopard Conservancy (SLC) is working in collaboration with local communities and nongovernmental organizations to foster co-existence between people and predators like the endangered snow leopard by reducing livestock depredation losses and improving household incomes in environmentally friendly, socially responsible and economically viable ways. Well-balanced tourism is one income generating option.