Pandemic having 'massive impact' on US attractions – losses estimated at US$23bn | attractionsmanagement.com news
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NEWS
Pandemic having 'massive impact' on US attractions – losses estimated at US$23bn
POSTED 25 Feb 2021 . BY Tom Walker
US theme parks and visitor attractions were forced to close for months during 2020 Credit: Shutterstock/Flystock
The pandemic cost the US visitor attractions an estimated US$23bn in economic losses during 2020, while the sector also suffered job losses five times larger than the average loss across all other US industries.

The figures come from a report, called The Employment Impact of
COVID-19 on the U.S. Attractions Industry
, published by industry body, IAAPA, which charts the "devastating effect" the pandemic has had on the attraction industry.

In the report, IAAPA states the industry is in "dire need of support" from elected officials and policymakers who would play a key role in facilitating the safe reopening of attractions – as well as spearhead COVID-19 relief legislation.

"The economic impact of the pandemic on the attractions industry has been devastating," IAAPA said.

"Some attractions closed and were not allowed to reopen – even with COVID-19 safety protocols in place. Some closed for several months in 2020, while others remained open, but at limited capacities.

"Many of these businesses will never reopen again; the effects of lost revenue and business for such an extended time left an irrevocable impact.

"Response by elected officials and policymakers has had a measurable effect on how regional attractions have weathered this challenging time.

"A comparison found that the recovery in Florida, which worked quickly to reopen facilities with safety protocols in place, is coming swifter than in states such as California, Massachusetts, Illinois and New York, which have largely kept their attractions facilities closed."

The report also notes that even after reopening, attractions business will face a challenge in building up attendance levels back to normal levels.

“While IAAPA members that have reopened have proven they can do so safely, these businesses continue to struggle due to consumer reluctance and guest capacity limitations, severely affecting revenue and the ability to bring back and rehire staff to previous levels," the report states.

John Hallenbeck, vice president, North America, IAAPA, said: "On behalf of our industry and the thousands of people who rely upon it, I strongly urge Congress to pass additional relief legislation that includes attractions industry-specific support.

"This should include additional PPP funding, extension of the employee retention tax credit through 2021, and financial aid to state and local governments to allow for the creation of grant and loan programs specific to our industry and liability protection for businesses that can safely reopen.

"And I encourage elected officials to continue to work on reopening businesses in their states. Safety has always been the attractions industry’s number-one priority. That will never change. Parks and attractions are ready to reopen responsibly and can do so with guidance and regional support.”

• To read the full IAAPA report, click here.
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Jobs    News   Products   Magazine
NEWS
Pandemic having 'massive impact' on US attractions – losses estimated at US$23bn
POSTED 25 Feb 2021 . BY Tom Walker
US theme parks and visitor attractions were forced to close for months during 2020 Credit: Shutterstock/Flystock
The pandemic cost the US visitor attractions an estimated US$23bn in economic losses during 2020, while the sector also suffered job losses five times larger than the average loss across all other US industries.

The figures come from a report, called The Employment Impact of
COVID-19 on the U.S. Attractions Industry
, published by industry body, IAAPA, which charts the "devastating effect" the pandemic has had on the attraction industry.

In the report, IAAPA states the industry is in "dire need of support" from elected officials and policymakers who would play a key role in facilitating the safe reopening of attractions – as well as spearhead COVID-19 relief legislation.

"The economic impact of the pandemic on the attractions industry has been devastating," IAAPA said.

"Some attractions closed and were not allowed to reopen – even with COVID-19 safety protocols in place. Some closed for several months in 2020, while others remained open, but at limited capacities.

"Many of these businesses will never reopen again; the effects of lost revenue and business for such an extended time left an irrevocable impact.

"Response by elected officials and policymakers has had a measurable effect on how regional attractions have weathered this challenging time.

"A comparison found that the recovery in Florida, which worked quickly to reopen facilities with safety protocols in place, is coming swifter than in states such as California, Massachusetts, Illinois and New York, which have largely kept their attractions facilities closed."

The report also notes that even after reopening, attractions business will face a challenge in building up attendance levels back to normal levels.

“While IAAPA members that have reopened have proven they can do so safely, these businesses continue to struggle due to consumer reluctance and guest capacity limitations, severely affecting revenue and the ability to bring back and rehire staff to previous levels," the report states.

John Hallenbeck, vice president, North America, IAAPA, said: "On behalf of our industry and the thousands of people who rely upon it, I strongly urge Congress to pass additional relief legislation that includes attractions industry-specific support.

"This should include additional PPP funding, extension of the employee retention tax credit through 2021, and financial aid to state and local governments to allow for the creation of grant and loan programs specific to our industry and liability protection for businesses that can safely reopen.

"And I encourage elected officials to continue to work on reopening businesses in their states. Safety has always been the attractions industry’s number-one priority. That will never change. Parks and attractions are ready to reopen responsibly and can do so with guidance and regional support.”

• To read the full IAAPA report, click here.
Sign up here to get the Attractions Management weekly ezine and every issue of Attractions Management magazine free on digital.
RELATED STORIES
Industry icons Mats Wedin, Tony Baxter and Greg Hale inducted into IAAPA Hall of Fame


Three visitor attraction industry veterans – Tony Baxter, Greg Hale and Mats Wedin – have been inducted into the IAAPA Hall of Fame, regarded as the highest and most prestigious honour in the industry.
IAAPA cancels Attractions EXPO – pivots to virtual event


IAAPA has cancelled this year's Attractions Expo in Orlando and pivoted to a digital event, announcing a new virtual conference will take place on the same dates – 16-18 November.
FEATURE: Show review: IAAPA Attractions Expo


All the news coming out of the biggest attractions show of 2019
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Museum operators using AR to take their exhibits global
Two leading museum operators in the UK have partnered with an augmented reality specialist to present holographic exhibits and experiences for students around the world.
John McAslan + Partners-designed M7 cultural hub and museum opens in Doha
A new creative hub in Doha looks to position itself as the new heart of Qatar’s fashion and design industry – as well as a public showcase for innovation and entrepreneurship in the region.
North American and Japanese attractions dominate 2021 Thea Awards
North America and Japan-based visitor attractions and businesses picked up 14 of the 19 Thea Awards this year.
IAAPA news: VRstudios and Creative Works launch 'Fury' VR attraction
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IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
+ More profiles  
FEATURED SUPPLIER

Family business celebrates 40 years as leading ticketing solutions provider
A leading ticketing company that can boast Wembley Stadium as its first-ever client, is celebrating its 40th birthday this year. [more...]
VIDEO GALLERY

Proslide Tech Inc - ProSlide | Atlantis Dubai
More videos:
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

01-07 Dec 2022

World Leisure Congress 2022

tbc, Dunedin, New Zealand
+ More diary  
 


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Tel: +44 (0)1462 431385

©Cybertrek 2021

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