Historic Sites in the US - Industry Market Research Report
- May 2017
- 36 pages
Historic Sites in the US
The Historic Sites industry is largely composed of not-for-profit operators, many of which receive direct government funding or partner with government agencies. Hence, the industry is dependent on available government funds to meet costs not covered by operating revenue. The downturn and subsequent recovery period severely reduced government tax revenue and many local agencies were forced to cut funding for historic preservation purposes. In response, many operators chose to raise admissions prices, as consumers with rising per capita disposable income levels were still frequently visiting industry sites, even as government revenue stagnated. Still, attracting overseas travelers, finding other forms of revenue and offering new services will support growth in industry revenue in the future.
Enterprises in this industry primarily preserve and exhibit sites, buildings, forts or communities that describe events or people of historical interest. These venues include archeological sites, battlefields, historical ships and pioneer villages. Operators may be partnered with government organizations and receive public funding, gather revenue by charging admission and providing additional services or a combination of the two.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.