Zoos and aquariums - A roaring trade | attractionsmanagement.com
POST YOUR JOB ONLINE
Free ezine/digital edition sign up
Jobs . News . Features . Video . Products . Magazine . Handbook . Advertise . Contact us  
Zoos and aquariums
A roaring trade

Zoos and aquariums generate important revenue for their local community and the entire country. Stephen S Fuller explains how

By Stephen Fuller | Published in Attractions Management 2013 issue 4

The annual operating and capital outlays of zoos and aquariums accredited by the Association of Zoos and Aquariums (AZA) provides important economic benefits within local and state economies. It also generates important economic benefits nationally and internationally. These economic benefits include growing gross domestic product (GDP), creating wages for workers at the institutions and supporting jobs throughout the economy, as the initial spending by zoos and aquariums is re-spent and re-cycled.

Speculate to accumulate
AZA-accredited zoos and aquariums in the US spent $4.6bn (E3.4bn, £2.8bn) in 2012 alone. This spending was divided between annual operations expenditures totalling $3.5bn (E2.6bn, £2.2bn), plus an additional $1.1bn (E809.2m, £683m) in capital improvements – an amount likely to vary by year. Not included in the analysis were the significant spending outlays of concessionaires that provide retail and food services on grounds at these facilities. Including the operating expenses of these businesses would certainly grow the total economic impact of the zoos and aquariums even more.

Another source of important revenue in the community surrounding AZA-accredited zoos and aquariums is the off-site spending of zoo and aquarium guests that occurs in combination with their visits. While not all zoo and aquarium guests combine their visit with other commercial activities, research has shown that some do and that this spending can be significant, particularly when it stems from out-of-town tourists.

The number of people that visited AZA-accredited zoos and aquariums in 2012 was 181.9 million globally – 169.4 million of those people visited an accredited zoo or aquarium in the US. The visit-related, off-site spending of those zoo and aquarium visitors in the US has been estimated at $2.4bn (E1.8bn, £1.5bn).

Economic benefits
Therefore, the economic benefit of AZA-accredited zoos and aquariums and their visitors in 2012 can be highlighted as:

Direct expenditures by US AZA-accredited zoos and aquariums of $4.6bn (E3.4bn, £2.8bn) contributed a total of $13.2bn (E9.7bn, £8.2bn) to the United States’ GDP. This is based on the use of a widely accepted aggregate output multiplier of 2.88;

Direct spending generated $4.4bn (E3.2bn, £2.7bn) in wages and salaries for US workers and supported 132,015 jobs in the United States;

Before-and-after visitor spending, estimated to total $2.4bn (E1.8bn, £1.5bn), added an additional $6.6bn (E4.85bn, £4bn) to GDP, generated $2bn (E1.5bn, £1.2bn) in wages and supported 61,971 jobs nationwide.

Total contribution of AZA-accredited zoos and aquariums to the US economy in 2012 was $19.8bn (E14.6bn, £12.3bn), generating personal earnings totaling $6.4bn (E4.7bn, £3.9bn) and supporting 193,986 jobs. Eight of AZA’s 10 international member organisations reported direct annual operating and capital expenditures totaling $490.7m (E360.8m, £304.6m) in 2012. This spending added an estimated $1.1bn (E809.2m, £683m) in aggregate benefits to the economies of these international members’ countries, generated $352m (E259m, £218.5m) in new wages to workers residing locally (in addition to direct payroll outlays) and supported 10,772 jobs across their respective national economies.

These analyses have confirmed that the economic impacts of annual spending by AZA-accredited zoos and aquariums and the visit-related, off-site spending by their guests have benefits that far exceed the value of the initial investments.

These benefits constitute an important source of new income and jobs that contribute broadly across the economy locally and at the state, national and international levels.



The benefits of zoos and aquariums include new income and jobs that contribute broadly to the economy Credit: PHOTO: Mark Van Bergh, Smithsonian’s National Zoo
COMPANY PROFILE
Clip 'n Climb

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

EAS rebrands to IAAPA Expo Europe ahead of 2019 show in Paris
The Euro Attractions Show has been rebranded as the IAAPA Expo Europe ahead of this year's event at the Paris Expo Porte de Versailles exhibition centre. [more...]
VIDEO GALLERY

Animalive - Introducing AnimaChat!
Introducing AnimaChat, one operator can live-stream into multiple venues. Find out more...
More videos:
Online Print Made Easy! – instantprint
Red Raion Showreel 2018 – Red Raion
Trailer Peter Pan - Saving Tinkerbell VR – Red Raion
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

16-19 Sep 2019

IAAPA Expo Europe 2019

Paris Expo Porte de Versailles, Paris, France
21-24 Sep 2019

ASTC 2019 Annual Conference

Ontario Science Centre, Toronto, Canada
+ More diary  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

2019 issue 2


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 4


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2018 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

07 Aug 2019 issue 136


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2019


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019
Jobs . News . Products . Magazine
Zoos and aquariums
A roaring trade

Zoos and aquariums generate important revenue for their local community and the entire country. Stephen S Fuller explains how

By Stephen Fuller | Published in Attractions Management 2013 issue 4

The annual operating and capital outlays of zoos and aquariums accredited by the Association of Zoos and Aquariums (AZA) provides important economic benefits within local and state economies. It also generates important economic benefits nationally and internationally. These economic benefits include growing gross domestic product (GDP), creating wages for workers at the institutions and supporting jobs throughout the economy, as the initial spending by zoos and aquariums is re-spent and re-cycled.

Speculate to accumulate
AZA-accredited zoos and aquariums in the US spent $4.6bn (E3.4bn, £2.8bn) in 2012 alone. This spending was divided between annual operations expenditures totalling $3.5bn (E2.6bn, £2.2bn), plus an additional $1.1bn (E809.2m, £683m) in capital improvements – an amount likely to vary by year. Not included in the analysis were the significant spending outlays of concessionaires that provide retail and food services on grounds at these facilities. Including the operating expenses of these businesses would certainly grow the total economic impact of the zoos and aquariums even more.

Another source of important revenue in the community surrounding AZA-accredited zoos and aquariums is the off-site spending of zoo and aquarium guests that occurs in combination with their visits. While not all zoo and aquarium guests combine their visit with other commercial activities, research has shown that some do and that this spending can be significant, particularly when it stems from out-of-town tourists.

The number of people that visited AZA-accredited zoos and aquariums in 2012 was 181.9 million globally – 169.4 million of those people visited an accredited zoo or aquarium in the US. The visit-related, off-site spending of those zoo and aquarium visitors in the US has been estimated at $2.4bn (E1.8bn, £1.5bn).

Economic benefits
Therefore, the economic benefit of AZA-accredited zoos and aquariums and their visitors in 2012 can be highlighted as:

Direct expenditures by US AZA-accredited zoos and aquariums of $4.6bn (E3.4bn, £2.8bn) contributed a total of $13.2bn (E9.7bn, £8.2bn) to the United States’ GDP. This is based on the use of a widely accepted aggregate output multiplier of 2.88;

Direct spending generated $4.4bn (E3.2bn, £2.7bn) in wages and salaries for US workers and supported 132,015 jobs in the United States;

Before-and-after visitor spending, estimated to total $2.4bn (E1.8bn, £1.5bn), added an additional $6.6bn (E4.85bn, £4bn) to GDP, generated $2bn (E1.5bn, £1.2bn) in wages and supported 61,971 jobs nationwide.

Total contribution of AZA-accredited zoos and aquariums to the US economy in 2012 was $19.8bn (E14.6bn, £12.3bn), generating personal earnings totaling $6.4bn (E4.7bn, £3.9bn) and supporting 193,986 jobs. Eight of AZA’s 10 international member organisations reported direct annual operating and capital expenditures totaling $490.7m (E360.8m, £304.6m) in 2012. This spending added an estimated $1.1bn (E809.2m, £683m) in aggregate benefits to the economies of these international members’ countries, generated $352m (E259m, £218.5m) in new wages to workers residing locally (in addition to direct payroll outlays) and supported 10,772 jobs across their respective national economies.

These analyses have confirmed that the economic impacts of annual spending by AZA-accredited zoos and aquariums and the visit-related, off-site spending by their guests have benefits that far exceed the value of the initial investments.

These benefits constitute an important source of new income and jobs that contribute broadly across the economy locally and at the state, national and international levels.



The benefits of zoos and aquariums include new income and jobs that contribute broadly to the economy Credit: PHOTO: Mark Van Bergh, Smithsonian’s National Zoo
LATEST NEWS
World Animal Protection report accuses accredited zoos of animal cruelty
Zoos and aquariums associations have criticised a report by World Animal Protection (WAP) which claims to have identified numerous examples around the world of wild animals being used in cruel and demeaning ways in the name of visitor entertainment.
New York flagship announced for Museum of Ice Cream as operator plans international expansion
The Museum of Ice Cream (MOIC) has announced plans to open several new locations, both in the US and internationally over the next 18 months, starting with its first New York City flagship in Q4 2019.
New visitor centre to be developed at Auschwitz-Birkenau following US$5.5m donation
A donation of US$5.5m (€4.96m, £4.55m) will go towards the development of a new visitor services centre at the Auschwitz-Birkenau Memorial – the museum located on the site of the World War Two Nazi concentration camp in Poland.
Kings Dominion unveils new water attractions for 2020
Cedar Fair's Virginia amusement and waterpark, Kings Dominion, has announced three new additions to its 20-acre (80,900sq m, 265,500sq ft) Soak City waterpark, which is set to open in 2020.
'World's highest aquarium' opens in China
Standing more than 2,200 metres (7,200ft) above sea level, a new aquarium just opened in Xining, Qinghai Province in northwest China, now hold's the record for the world's highest-altitude aquarium.
Phased reopening for new Denver Art Museum facilities begins June 2020
Denver Art Museum in Colorado, US, is to begin a phased reopening of its campus in June 2020, with a new welcome centre, learning and engagement centre, 72,000sq ft (21,945sq m) of new and refurbished gallery space and new dining experiences.
Sutton Hoo ancient royal burial site reopens following redevelopment
Sutton Hoo, the burial site of a 7th century Anglo-Saxon king in Suffolk, England, that achieved worldwide fame upon its discovery in 1938, has reopened following a £4m (US$4.85m, €4.37m) transformation.
Merlin reveals plans for Lego Movie World at California resort
Merlin has revealed plans for the largest new addition at its Legoland California resort since the park launched in 1999.
Arts Council England allocates £17.5m to local culture projects
Arts Council England has named 13 new additions to its Creative People and Places (CPP) project, which it says is about local people choosing, creating and taking part in the arts and culture on offer to them.
Australian Museum closes for year-long AUS$57.5m renovation
A major renovation project that will expand touring exhibition halls and create several new facilities at the Australian Museum in Sydney will see the venue closed to the public from 19 August.
Silver Dollar City announces record-breaking waterfall drop ride among US$30m plans
The tallest raft ride drop in the Western Hemisphere is coming to Silver Dollar City, after the park revealed plans to invest more than US$30m (€26.9m, £24.8m) into a number of new developments.
New York's largest waterpark set for expansion after acquiring state funding
Construction is set to start in September on new water slides at the Enchanted Forest Water Safari theme park in New York, US, with a funding contribution for the new rides having come from the state's economic development agency.
+ More news   
 
COMPANY PROFILE
Clip 'n Climb

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

EAS rebrands to IAAPA Expo Europe ahead of 2019 show in Paris
The Euro Attractions Show has been rebranded as the IAAPA Expo Europe ahead of this year's event at the Paris Expo Porte de Versailles exhibition centre. [more...]
VIDEO GALLERY

Animalive - Introducing AnimaChat!
Introducing AnimaChat, one operator can live-stream into multiple venues. Find out more...
More videos:
Online Print Made Easy! – instantprint
Red Raion Showreel 2018 – Red Raion
Trailer Peter Pan - Saving Tinkerbell VR – Red Raion
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

16-19 Sep 2019

IAAPA Expo Europe 2019

Paris Expo Porte de Versailles, Paris, France
21-24 Sep 2019

ASTC 2019 Annual Conference

Ontario Science Centre, Toronto, Canada
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS