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Current research on tourism in the Arctic has focused largely on the extent, location, and type of tourism activities that occur in the region. Recently, challenges have been identified that the tourism industry is likely to face in the wake of global changes, including climate change. Related research, conducted within and outside of the Arctic, suggests that rural communities can become economically dependent on natural resource extraction (e.g. oil, gas, timber harvesting, and mining of minerals) and non-extractive resources (e.g. nature-based recreation and tourism), limiting diversification and potentially threatening resilience of rural communities. In the western USA, communities have become dependent on both extractive and non-extractive natural resource activities including nature-based tourism; however, it is less clear whether a similar situation is occurring in Arctic communities. In this article, we propose a framework and indicators to analyze the potential dependence of Arctic communities on nature-based tourism and the resilience of Arctic communities to potential boom-bust cycles of nature-based tourism. To do so, we examine the current state-of-knowledge about tourism and nature-based tourism in the Arctic through the lens of boom-bust dynamics and social-ecological systems.