National Parks & Reserves in the US - Industry Risk Rating Report : Market Research Report

National Parks & Reserves in the US - Industry Risk Rating Report

Published by: IBISWorld

Published: Oct. 17, 2009 - 30 Pages

RISK OVERVIEW

Industry Definition & Activities
Industry Risk Score
Risk Rating Analysis

STRUCTURAL RISK

Barriers to Entry
Basis of Competition
Domestic and International Markets
Industry Assistance
Life Cycle
Industry Volatility

GROWTH RISK

Recent Growth Analysis
Forecast Growth Analysis

SENSITIVITY RISK

Per Capita Disposable Income
Leisure and Recreation - Leisure Time Availability
Leisure and Recreation - Outdoor Activities
Consumer Sentiment Index
Tourism - Visitor Nights: Domestic
Tourism - Total Nights Spent in the US by Overseas Tourists

INDUSTRY RISK AND INDUSTRY RISK SCORING METHODOLOGY

What is Industry Risk?
The Industry Risk Scoring Methodology
Risk Rating Score Definition

Abstract

Industry Risk Ratings Synopsis

This Industry Risk Ratings report from IBISWorld evaluates the inherent risks associated with the National Parks & Reserves in the US industry. Industry Risk is assumed to be 'the difficulty, or otherwise, of the business operating environment'.

The report looks at the operational risk associated with this industry. Three types of risk are recognized in our analysis. These are: risk arising from within the industry itself (structural risk), risks arising from the expected future performance of the industry (growth risk) and risk arising from forces external to the industry (external sensitivity risk).

This approach is new in that it analyses non-financial information surrounding each industry. Industries are scored on a 9-point scale, where 1 represents the lowest risk and 9 the highest. The Industry Risk score measures expected Industry Risk over the coming 12-18 months.

Industry Definition

This industry comprises establishments primarily engaged in the preservation and exhibition of natural areas or settings. It largely comprises national parks, bird sanctuaries, wildlife sanctuaries and provincial parks.In this industry, the nature parks are ultimately vested in a Government organization, under Federal and State legislation, such as the National Parks Service, and which have ultimate control over all management and other issues related to these areas. While, there are a number of private companies which operate in nature parks, these do so under very strict license or lease arrangements with these Government organizations, for an agreed period. These contracts/leases contain strict management and operational guidelines covering all of their activities. These private companies are ultimately answerable to the leasers, but have to have their own insurance and provide their own staff. These private companies can provide services such as accommodation, tours and other activities.This outlook largely relates to the Government organizations that have ultimately responsible for nature parks, and which obtain a large part of their revenues from Federal and State government grants.

Report Contents

Risk Overview

The Risk Overview chapter includes sections on Industry Definition and Activities, Industry Risk Score and Risk Rating Analysis. The Industry Definition and Activities section provides a detailed definition of the activities carried out by operators in this industry as defined in NAICS. A list of the primary activities of the industry is also included. The Industry Risk Score section provides the Overall Industry Risk Score as well as the Risk Scores for each of the three types of risk covered that combine to form the Overall Industry Risk Score. These three types of risk are Structural Risk, Growth Risk and External Sensitivity Risk. The Risk Rating Analysis section discusses the underlying factors contributing to the Overall Industry Risk Score.

Structural Risk

The Structural Risk chapter looks at risk arising from within the industry itself and provides a detailed discussion of the industry�€™s level of exposure to seven key indicators. These key indicators are Barriers to Entry, Competition, Industry Exports, Industry Imports, Level of Assistance, Life Cycle Stage and Volatility of Industry. The Overall Structural Risk Score is a weighted aggregation of these seven key indicators. Each of the key indicators is discussed in detail in this section.

Growth Risk

The Growth Risk chapter looks at risks arising from the expected future performance of the industry. The Overall Growth Risk Score is determined by amalgamating the scores for Recent Industry Growth and Forecast Industry Growth. Detailed analysis is provided discussing the reasons for the growth scores of both.

Sensitivity Risk

The Sensitivity Risk chapter looks at risks arising from forces (sensitivities) external to the industry. The Overall External Sensitivity Risk Score is determined by identifying the most significant (up to 6) external factors and weighting them to represent how significant each sensitivity is to the performance of the industry. Examples of External Sensitivities are Exchange Rates, Interest Rates, Commodity Prices and Government Regulations. There is also a detailed analysis of the affect each of the sensitivities has on the industry, including charts and data tables where appropriate.

Industry Risk and Industry Risk Scoring Methodology

This chapter provides an overview of how IBISWorld defines Industry Risk and discusses the methodology used to arrive at an Industry Risk Score. There is also a table that provides a definition of the seven levels of Industry Risk.

71219 - National Parks & Reserves in the US

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National Parks & Reserves in the US - Industry Risk Rating Report

Table of Contents

Abstract