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Historic Sites in the US - Industry Market Research Report

Historic Sites in the US - Industry Market Research Report

  • June 2019
  • 37 pages
  • ID: 209217
  • Format: PDF
  • By Ibisworld

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Founding fathers: The industry is anticipated to benefit from increasingly favorable economic conditions

Abstract

Historic Sites in the US
Operators in the Historic Sites industry primarily preserve and exhibit sites, forts, buildings or communities that describe events or people of historical interest. Enterprises generally operate as nonprofit organizations and many are partnered with government organizations and receive public funding, rather than gathering revenue from admission fees. Over the five years to 2019, the industry experienced moderate revenue volatility but overall growth, as favorable economic conditions enabled more consumers to frequent industry establishments. 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 2024, 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.

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