National Parks & Other Nature Institutions - Industry Market Research Report

National Parks & Other Nature Institutions - Industry Market Research Report

National Parks & Other Nature Institutions

National parks and other nature institutions include operators engaged in the preservation and exhibition of natural areas or settings. Industry revenue is based on self-generated revenue, including admission fees, on-premise concession and accommodation sales and private donations and grants. Over the five years to 2023, steady visitor rates and a surge in environmental awareness kept revenue afloat. The COVID-19 pandemic significantly dampened profit during the period, so the reopening of the economy since then has significantly helped this industry, with revenue growth reaching 8.5% in 2021 alone. Continued growth in demand for this industry is expected in 2023 as travel restrictions related to the COVID-19 pandemic have since been lifted, easing both domestic and international travel. As a result, industry revenue has been increasing at an annualized 3.7% over the past five years, reaching an estimated $1.3 billion in 2023.

The National Parks and Other Nature Institutions industry includes operators engaged in the preservation and exhibition of natural areas or settings. Operators include national parks, wildlife sanctuaries, natural wonder tourist attractions and other similar institutions. Industry revenue is based on park-generated revenue and excludes state and city parks, zoos and botanical gardens.

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