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 recession and subsequent recovery period severely reduced government tax revenue and many local agencies were forced to cut funding for historic preservation purposes. In the coming years, the industry will benefit from more positive economic conditions, particularly on the consumer side. As unemployment levels continue to decline, per capita disposable income rises and leisure travel grows, the number of visits to historic sites across the United States is also expected to increase.
Establishments in this industry primarily preserve and exhibit sites, buildings, forts or communities that describe events or persons of particular 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.