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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.
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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Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
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Get Attractions Management digital magazine FREE
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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.
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
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
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Raby Castle reveals ambitious plans to become a major visitor destination
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+ More news   
 
COMPANY PROFILES
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
Clip 'n Climb

Clip ‘n Climb currently offers facility owners and investors more than 40 colourful and unique Cha [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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