The National and State Parks industry has suffered from growing government budget deficits, which have caused reduced funding for parks, wildlife sanctuaries and other sites included in this industry. While some sites are forced to close due to eroding funds, others will find ways to earn revenue by charging entrance fees or offering vendor contracts to offset lower budgets. Furthermore, some industry operators are incorporating public-private partnerships to lower operating costs and turn a profit. Concessions are also being employed to offset shortfalls in funding. In the coming years, state and national parks are anticipated to benefit from greater visits. Rising income levels will allow Americans and foreigners to increase travel in the United States, helping drive foot traffic to parks.
This industry includes public and private establishments that preserve and exhibit nature. It includes national, state and city parks, as well as bird and wildlife sanctuaries, conservation areas and natural wonder tourist attractions like caves and waterfalls. Industry revenue is based on park budgets, as opposed to park-generated revenue; therefore, it relies heavily on government funding. This industry excludes amusement parks, zoos, botanical gardens, museums and historical sites.
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.