Industry Analysis & Industry Trends
During the five years to 2014, the Museums industry was adversely affected by declining disposable income and lower consumer confidence brought on by the recession. However, conditions began to turn around, with the majority of museums reporting an increase in attendance, a trend that has continued throughout the five- year period. Furthermore, improving economic conditions resulted in a rise in private donations, the largest source of industry revenue. In the five years to 2019, revenue growth will be bolstered by a rise in disposable income, a decline in unemployment and enhanced consumer confidence. Still, industry revenue will be partly offset by limited government funding and the rising availability and popularity of virtual tours... purchase to read more
Industry Report - Industry Locations Chapter
The Southeast, Mid-Atlantic, and West regions contain the highest concentration of museums in the United States. The distribution of museums is mainly based on population levels, as they are more likely to be located in regions with large cities.
The Southeast has 20.2% of museums in the United States, partly because the region has the greatest share of the population in the nation, estimated at 25.4% in 2013. Some prominent museums in the Southeast include the Birmingham Museum of Art, the Georgia Museum of Natural History, the Columbus Museum and the South Carolina State Museum. Texas has the largest share of industry establishments with 6.0% of total museums in the United States, while Florida has the second most in the region at 4.4%... purchase to read more