Historic Sites in the US
Over the five years to 2018, the Historical Sites industry experienced moderate-to-low revenue volatility but overall growth, as favorable economic conditions enabled more consumers to frequent industry establishments. Still, stilted government funding over the past five years stifled revenue growth. Over the past five years, the industry was buoyed by increases in disposable income levels, which led to more consumers frequenting industry establishments and larger and steadier private donations. Additionally, growth in both domestic trips by US residents and inbound trips by non-US residents led to higher admission rates, boosting industry revenue. Over the five years to 2023, the industry is anticipated to benefit from increasingly favorable economic conditions, particularly a low unemployment rate, which is expected to result in growing levels of disposable income, higher attendance rates and greater frequency of private donations.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook