Attractions Management News 6th April 2020 issue 153 by Leisure Media

Find great staff ™

KEEP INFORMED Sign up to our news feeds

MANAGEMENT NEWS 6 APRIL 2020 ISSUE 153

www.attractionsmanagement.com

Leisure Media launches news feeds Leisure Media, publisher of Attractions Management News and its sister titles, including Attractions Management, has announced the launch of dedicated news feeds to connect the industry during the coronavirus crisis Launching today [6 April 2020], the live feeds will enable Leisure Media to post breaking news throughout the day to keep people in the industry in the loop about what's happening. Liz Terry, CEO of Leisure Media, said: "We're passionate about the industries we work in and want to contribute and ■ The feeds will keep news flowing

offer support throughout this crisis. "Everyone is doing everything they can to help out and the spirit of camaraderie

started – and our news service is a very

at this very challenging time is incredible.

popular part of our portfolio of media

"Our skills lie in communications and

products," said Terry. "However, we're

media, so these news feeds are one way

finding the appetite for news and the

for us to support and contribute, by keep-

volumes we need to post have grown

ing the flow of information going. The aim

so much, due to the coronavirus crisis,

will be to share inspiring stories, to raise

we required new tools to enable us to

morale and to inform decision-making.

deliver the amount of news demanded."

Share news: newsdesk@leisuremedia.com View feeds: leisuremedia.com/newsfeeds

"We've been writing daily news online since 1997 – before Google

THEME PARKS

VISITOR ATTRACTIONS

IAAPA's Hal McEvoy calls for US$250bn pandemic fund IAAPA president and CEO writes to US Senate

Liz Terry, CEO, Leisure Media

MUSEUMS

Work restarts on Nickelodeon indoor theme park in China Developers given the green light to re-start work

The spirit of camaraderie at this challenging time is incredible

Trendswatch: The future of financial sustainability Elizabeth Merritt releases annual Trendswatch report

p16

Attractions people Hal McEvoy calls for US$250bn fund to protect attractions indsutry during pandemic

AAPA's president and CEO,

reside. They are often the

Hal McEvoy, has urged the

reason people come to the

US government to support

towns in which they are located,

the attractions industry

stay in hotels and eat in nearby

during the coronavirus crisis,

restaurants," said McEvoy.

urging the Senate to take

"More needs to be done

immediate and extraordinary

to ensure the attractions

action to support the

industry and its workers can

country's economy.

sustain the shutdowns.

If the shutdown remains

"As each day passes, with

in place through June, IAAPA

no end in sight for when

estimates a 40 per cent loss

restrictions on travel and

of jobs within the industry and

gathering will be removed, this

a nearly US$12bn (€13bn, £11.1bn) loss of revenue.

industry is increasingly unable ■■McEvoy made the urgent call as attraction remain shut in the US

to support their employees.

"More needs to be done to ensure the attractions industry and its workers can sustain the shutdowns"

attractions industry will be

McEvoy has called for

"With your help, the

increased funding and flexibility for Small Business Administration (SBA) loans, tax relief to mitigate economic

staffed and prepared to open its doors and continue to be the economic generator

losses and US$150bn

Relief and Economic Security

(€137.7bn, £127.3bn) in

Act to help the attractions

driver in many of the local

it has always been."

loans in the Coronavirus Aid,

industry through this period.

communities in which they

More: http://lei.sr/D7u3W_T Read more online

"Attractions are the economic

for local communities that

Australia's art minister Paul Fletcher warns of 'cultural recession' as sector seeks AU$850m support package

ustralia's art minister, Paul Fletcher, has has said the country is facing

"It's important we work together on a constructive approach to preparing for potential impacts"

the "most devastating cultural recession in generations",

economically and culturally

roundtable representatives

– it is important we work

many major arts institutions

of national institutions, the

together on a constructive

in the country as a result of

Australia Council for the Arts,

approach to preparing for

the coronavirus pandemic.

indigenous arts groups and

potential impacts and fully

visual arts organisations, who

understanding the support

announcement during a

have called for AU$850m

available," said Fletcher.

Fletcher made the

"The information I obtained

virtual roundtable with leaders

(US$500m) in financial

■■Fletcher made the stark

from the culture sector to

support in the face of months

today from this roundtable

warning to a roundtable of

discuss the growing impact of

of closures and staff layoffs.

will feed into whole-of-

industry representatives

The teleconference

following the closures of

COVID-19 as more galleries,

"Given the significance

government planning on

museums and theatres are

of the cultural and

COVID-19 responses."

forced to close down.

creative sector – both

More: http://lei.sr/Q5z3J_T Read more online

attractionsmanagement.com

©Cybertrek Ltd 2020

Issue 153

MANAGEmENT news

Contents issue 153 06

Answering the call General public comes to zoo's aid following emergency call for animal food

Virtual solutions Google Arts & Culture offers virtual tours of more than 500 museums

Work restarts on Nickelodeon indoor theme park in China Construction restarts under strict rules to prevent COVID-19 spread

Call for Festival of Britain fund to support sector in crisis

Adapt and overcome How are different countries supporting the tourism and attractions sectors through coronavirus?

Trendswatch: The future of financial sustainability AAM releases annual Trendswatch report

Q&A with Elizabeth Merritt Trendswatch author discusses this year's report

■■ Sharon Heal is calling for the fund to go to the museums sector

"We would appeal to government and funders to provide financial support and emergency funding"

he heads of several

ALVA director Bernard

major organisations,

Donoghue, MA director Sharon

including The Association

Heal and NMDC chair Sir Ian

of Leading Visitor Attractions

Blatchford have all called

(ALVA), the Museums

for an emergency fund with

Association (MA) and the

that funding to be created

National Museums Directors

in order to support the

Council (NMDC), have called

in-need sectors as a result

on the British government to

of the COVID-19 epidemic.

use funding intended for the

"The government had

upcoming Festival of Britain

earmarked £120m for a

in order to provide emergency

‘festival of Britain’ in 2022,"

funding for the arts, heritage

said Heal. "We believe this

and entertainment sectors.

should now be made available

Announced by former

to support museums at risk of

Prime Minister Theresa May

permanent closure as a result

last year, the 2022 Festival

of the coronavirus epidemic.

of Britain is a £120m

"We would appeal to

(US$142.8m, €133m)

government and funders to

UK-wide cultural event that

provide financial support

will aim to champion the

and emergency funding

country’s innovation and

for institutions that are

creativity following the UK’s

affected by the pandemic."

split from the EU in January.

More: http://lei.sr/t8S3C_T Read more online

Issue 153

©Cybertrek Ltd 2020

Sign up to Attractions Management News: Online: www.leisuresubs.com Email: subs@leisuremedia.com Tel: +44 (0)1462 471930 Annual subscriptions: UK £48, UK students £25, Europe £65, RoW £94 Attractions Management News is published 26 times a year by The Leisure Media Company Ltd, Portmill House, Portmill Lane, Hitchin, Herts SG5 1DJ, UK. The views expressed in this publication are those of the author and do not necessarily represent those of the publisher. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by means, electronic, mechanical, recorded or otherwise, without the prior permission of the copyright holder, Cybertrek Ltd. ©Cybertrek Ltd 2020 ISSN 2516-9114

attractionsmanagement.com

Attractions people BBC's director of Arts Jonty Claypole introduces 'Culture in Quarantine' initiative

ith coronavirus forcing the closure of Britain's arts institutions, the

"We envisage a virtual festival of the arts rooted in the experience of both voluntary and involuntary isolation"

BBC has offered a way for isolated citizens to get their

filmed recordings of plays

benefits for us all, it raises the

cultural fix – a festival to show

and archive footage.

urgent question: what is culture

how the sector is responding to the global panemic.

"As a public service organisation, it has

in a state of quarantine? "In short, we envisage a

always aimed to be more

virtual festival of the arts –

director of Arts, Jonty

than a broadcaster but a

Culture in Quarantine – rooted

Claypole, the festival will be

stage, gallery and cultural

in the experience of both

distributed through TV, radio

platform in everybody’s

voluntary and involuntary

■■Claypole announced the

and online, and will feature

homes," said Claypole.

isolation. All this will be done

arts festival as a response

guides to closed exhibitions

Announced by the BBC's

to the global pandemic

"For a sector that thrives

hand-in-hand with the wider

or permanent gallery

on bringing people together

arts and cultural sector through

collections, as well as music

to share live and shared

coverage and collaboration."

and comedy performances,

experiences, and that brings

More: http://lei.sr/Z8h4k_T Read more online

Arts Council chair Nicholas Serota offers £160m fund to support culture during COVID-19 outbreak

rts Council England

can continue to nourish

(ACE) has responded

the imagination of people

to the "massive

across the country, both

and unsustainable loss

during the crisis and in the

of revenues" caused by

period of recovery," said

COVID-19 by announcing

ACE chair, Nicholas Serota.

an emergency £160m

"None of us can hope to

(US$191.2m, €176.4m)

weather this storm alone,

emergency funding package.

but by working together in

ACE says that the funding

partnership, I believe we can

is being made available to

emerge the stronger, with

help cultural organisations,

ideas shared, new ways of

freelancers and individual

working, and new relationships

artists during the epidemic. As well as preventing arts

forged at the local, national ■■as

and even international level."

organisations from going

"None of us can hope to weather this storm alone, but by working together in partnership, I believe we can emerge the stronger"

bust, the money – which is coming from a combination of ACE's emergency reserves and a suspension of national lottery grants – is also

ACE has also delayed the next investment process for organisations who receive regular core funding. The process for 2022-26 was due

"COVID-19 is having an

responsibility is to sustain

to begin in Q3 this year, but

intended to help "buoy the

impact globally, far beyond

our sector as best we can, so

will now rollover to 2023.

public" during the lockdown.

the cultural sector – but our

that artists and organisations

More: http://lei.sr/s5h2g_T Read more online

attractionsmanagement.com

©Cybertrek Ltd 2020

Issue 153

MEET THE TEAM For email use: fullname@leisuremedia.com

Editor

Liz Terry +44 (0)1462 431385

Managing editor

Tom Anstey +44 (0)1462 471916

Publisher

Julie Badrick +44 (0)1462 471971

Advertising sales

Sarah Gibbs

■ Jennie Nevin is the TEA's COO

+44 (0)1462 471908

"TEA leadership is in discussions to determine how best to serve our members and fulfil our mission in the coming months"

Advertising sales

Paul Thorman +44 (0)1462 471904

Jennie Nevin announces a number of TEA postponements

Advertising sales

Chris Barnard +44 (0)1462 471907

he Themed Entertainment

disrupted. All are facing health

Association (TEA) has

concerns, financial setbacks,

announced that it will

travel bans, venue closures

postpone its upcoming TEA

and general uncertainty,"

Summit and Thea Awards

said TEA COO Jennie Nevin.

Gala, as well as the SATE

"TEA leadership is in

Europe conference in the wake

discussions to determine how

of the coronavirus pandemic.

best to serve our members

The TEA Summit – originally

the coming months. We

Disneyland Resort in Anaheim,

look forward to a time of

California between 16-18 April

recovery in the near future."

2020 – has been rescheduled

SATE Europe, originally

"This date change was made

Product Editor

Lauren Heath-Jones +44 (0)1462 471927

this year at PortAventura in Spain, has been rescheduled

members, event participants,

for May 2021, with official

and our industry. Around the

dates to be confirmed

world, our communities, lives

closer to the time.

and businesses are being

MORE: http://lei.sr/m9t7b_T READ MORE ONLINE

©Cybertrek Ltd 2020

+44 (0)1462 431385

meant to take place in May

in the best interest of TEA

ISSUE 153

Tom Walker

and fulfil our mission in

meant to take place at the

for 9-11 July 2020.

Newsdesk

Circulation

Joe Neary +44 (0)1462 471910

leisureopportunities.co.uk

news tourism

50 million tourism jobs at stake, says WTTC The World Travel and Tourism

CEO, Gloria Guevara, states

Council (WTTC) has sent an

that 50 million jobs globally

open letter to the world's

are at risk, with the travel

governments, with the

and tourism sector "in

organisation revealing that

a fight for survival".

more than one million tourism

"No one can doubt

jobs globally are being lost

that we are in uncharted

every day as a result of the

territory," said Guevara.

coronavirus pandemic.

"The coronavirus pandemic

According to WTTC, growing

means the world is facing

job losses are affecting the

a threat on multiple fronts

industry at every level, with

not seen in peacetime.

numbers increasing as more

"Without tourism, economies

countries go into lockdown,

around the world face an

with a "domino effect"

existential threat. To counter

following the closures of

this, WTTC, which represents

hotels, suspension of airlines

the global Travel & Tourism

and a growing number of

private sector, is calling upon

travel bans hitting a huge

governments of all countries

number of suppliers and

to take immediate action to

supplemental industries.

help ensure the survival of this

The open letter, penned by WTTC president and

■■Closures worldwide have had a severe impact on tourism

critical job-creating sector."

WTTC, is calling upon governments of all countries to take immediate action Gloria Guevara

More: http://lei.sr/H2c4y_T Read more online

zoos

Public comes to zoo's aid following call for animal food Local residents and businesses have come to the aid of a zoo which said it might have to euthanise animals after panic buying disrupted its supply feed.

What we didn't expect is the number of cafés, hotels and schools who contributed their leftover spoilable food to us Chris Moiser

The Tropiquaria Zoo in Somerset, UK, made and urgent appeal for members of the public to donate spare

"The number of donations is amazing,

fruit and vegetables to local zoos,

and what we didn't expect is the number

with empty shelves and purchase

of cafés, hotels and schools who

restriction policies meaning supplies

closed, at very short notice, who then

were being severely limited.

contributed their leftover spoilable food

Following the appeal, Chris Moiser, who runs the zoo, said he was

■■The zoo made an urgent appeal for animal food

to us, and delivered it," said Moiser. "Someone even stopped me to give

"overwhelmed" at the number of

me a lettuce, it's very touching."

donations, which came through.

More: http://lei.sr/d5R3u_T Read more online

attractionsmanagement.com

©Cybertrek Ltd 2020

Issue 153

Like the memories they create, our rides are built to last.

Be Boundless. We create experiences that can be shared across generations. Thatâ&#x20AC;&#x2122;s why everything we do is underpinned by an obsession with quality. Visit our brand new website whitewaterwest.com and start asking yourself whatâ&#x20AC;&#x2122;s next.

www.lagotronicsprojects.com

news technology

Google offers virtual tours of 500 museums Google Arts & Culture has

The move to virtual reality

partnered with more than

is enabling museums and

500 cultural institutions

galleries to continue to reach

to offer 'virtual museum

quarantined audiences,

exploration', following the

as well as enhance their

temporary closure of thou-

offering with behind-the-

sands of art galleries and

scenes access and creative

museums in the wake of

storytelling. Examples

the COVID-19 pandemic.

include a 360-degree tour of

An online platform

Chauvet Cave – a prehistoric

designed to provide public

cave and Unesco World

access to gallery and

Heritage site in Ardéche,

museum collections across

France, which features

the globe, Google Arts &

the earliest discovered

Culture uses the same

examples of prehistoric art.

technology developed for

The tour, called Dawn

Google Maps Street View

of Art, was produced by

to enable users to 'walk'

Google Arts & Culture and

through world-famous galleries

"digitally preserves" the

and museums and explore

caves, which are usually

collections and exhibits, via

reserved for archaeologists

clickable artwork from the

and other professionals.

comfort of their own homes.

More: http://lei.sr/W2S6H_T Read more online

■■Dawn of Art 'bridges 36,000 years of human history'

The move to virtual reality is enabling museums and galleries to continue to reach quarantined audiences

theme parks

Work continues on Universal's global theme park projects Universal has revealed that it's continuing work on its Super Nintendo expansion in Japan, its new theme park in Orlando and its Beijing theme park despite the ongoing COVID-19 outbreak. Universal will not welcome visitors to any of its resorts until at least April,

■■Construction work is continuing at Universal parks

but an update from Universal Parks and

Our projects around the globe all remain active and on track Tom Williams Issue 153

©Cybertrek Ltd 2020

Resorts chair and CEO, Tom Williams,

Osaka and Hollywood, Universal’s Epic

says the construction work is continuing.

Universe in Orlando and Universal

In a letter to Universal employees,

Beijing all remain active and on

Williams said that work around the

track under protocols established by

world was unaffected by the outbreak.

government officials and with their

"Our construction projects around the globe – Super Nintendo World in

support," he said in the letter. More: http://lei.sr/R6q5g_T Read more online

attractionsmanagement.com

news theme parks

Disney donates surplus food following closures Following the temporary closures of Disney's parks

otherwise gone to waste. In the US, both the

and resorts worldwide,

Disneyland and the Walt

Disneyland Paris, the

Disney World resorts

Disneyland Resort in

have pledged to donate

Anaheim, California, and the

excess food to the Second

Walt Disney World Resort in

Harvest Food Bank.

Orlando, Florida, have donated

Launched in 1991,

their supplies of surplus

the programme is a

food to local charities.

food waste initiative that

Disneyland Paris donated

collects unserved and

15 tonnes of food, including

excess food from the Walt

salads, fruit and dairy

Disney World Resort and

products, to both local and

distributes it to hunger

nationwide charities, including

charities and programmes

Secours Populaire Français

throughout Central Florida.

and Restaurants du Cœur.

The programme collects

The donation was made

and donates more than

possible thanks to the efforts

832,000lbs of prepared food

of resort staff and cast

per year, and last year donated

members who helped collect,

more than a million meals

identify and redistribute

to underprivileged people.

food that would have

More: http://lei.sr/6Y3N2_T Read more online

■■ Disney's resorts have donated excess food to charity

We play an important role in helping our community in times of need Tajiana Ancora-Brown

visitor attractions

Japanese attractions start to reopen after two months Some attractions operators in Japan have started to reopen their doors to the public with the coronavirus largely contained in the country.

Infrared technology has been installed at the park entrance to conduct temperature checks

Legoland Japan is among those to have reopened under certain restrictions, with large gatherings cancelled and business

Other attractions confirmed to have

hours shortened. Rides such as the

reopened, include the GrinPa Amusement

park's rollercoasters are now open again.

Park near mount Fuji, Bandai Namco's

The Dutch-themed resort Huis Ten Bosch

■■Legoland has reopened its outdoor attractions

indoor attractions closed and events with

arcades and cinema operator Aeon

reopened on March 16, though all of its

Entertainment. Tokyo Disneyland has

indoor facilities remain shut. In addition, the

chosen to exercise caution, with the resort

opening of the new area "Fantasia City of

remaining closed through early April.

Light" has been delayed until at least April.

More: http://lei.sr?a=n9j9K_O Read more online

attractionsmanagement.com

©Cybertrek Ltd 2020

Issue 153

Design Studio for Light & Video

+32 (0) 89 690 790 www.paintingwithlight.com sales@paintingwithlight.com

light & media programming ∙ media creation lightdesignshow & media programming media creation custom control &∙system integration custom designshow control & system integration build ∙ concept design ∙ schematic design ∙ technical design build ∙ concept design ∙ schematic design ∙ technical design lighting simulation & visualisation ∙ project management ∙ training & service lighting simulation & visualisation ∙ project management ∙ training & service

news technology

Cincinnati Zoo offers live-streamed tours With countless visitor attrac-

a void that we’re trying to fill.

tions aroucnd the world forced

The goal with the daily live

to close as a result of the

sessions is to provide fun and

coronavirus pandemic, many

educational content to people

are starting to improvise

who are stuck at home."

ways they can connect with

The Home Safarisdebut

their customers. Among

featured the zoo's famous

them, Ohio's Cincinnati Zoo

hippo, Fiona, and proved very

has turned to its digital

effective for the attraction's

platforms, offering live "Home

social channels, with its

Safaris" to its visitors.

announcement post reaching

Airing seven days a week,

more than 18 million

zoo staff are the now-

people and its Facebook

closed zoo are "bringing

following increasing by more

the zoo to you" via a

than 400,000 people.

Facebook live stream. "We’re bringing the zoo

■■The zoo's popular hippo, Fiona, starred in the first broadcast

With its closure, the zoo is coupling its live stream

to people who are stuck at

sessions with public donation

home," said Cincinnati Zoo

requests, as well as promoting

director Thane Maynard.

membership renewals,

"This zoo is so important

animal sponsorships and

to the community and not

Cameo messages.

being able to visit will create

More: http://lei.sr/7a3C3_T Read more online

We’re bringing the zoo to people who are stuck at home Thane Maynard

theme park

Work restarts on Nickelodeon indoor theme park in China Work has restarted on the Nickelodeon theme park, with developers given the green light to start work again on the US$750m (£647m, €688m)

Nickelodeon will be instrumental to the success of the Mall of China Linda Dong, president of China Creation

Mall of China development. Work was suspended as a result of the coronavirus, however, plans for the phases to resume were approved

and Paw Patrol, and will feature 29

following an inspection ensuring COVID-

attractions, including Asia's first tilting

19 prevention requirements were met.

drop tower attraction and an indoor

The 92,000sq ft (8,500sq m) park

■■ The attraction was first revealed in 2018

construction of the third and fourth

coaster. Themed around the Teenage

will feature 14 Nickelodeon IPs including

Mutant Ninja Turtles, the ride will break

Dora the Explorer, Sponge Bob Square

four world records for indoor coasters.

Pants, Teenage Mutant Ninja Turtles

More: http://lei.sr/x5Q7U_T Read more online

attractionsmanagement.com

©Cybertrek Ltd 2020

Issue 153

www.intamin.com

LSM LAUNCH COASTER

Insight

Adapt and overcome How are different countries supporting the tourism and attractions sectors through coronavirus?

ith turbulent times ahead for the global tourism and visitor attractions sectors, governments around

the world are implementing new emergency policies to support these crucial sectors. The global travel and tourism sector grew by 3.9 per cent in 2018 to contribute a record US$8.8tn to the global market, supporting 19 million jobs worldwide and generating 10.4 per cent of the world’s total economic activity.

Great Britain Chancellor Rishi Sunak has set out a package of temporary, timely and targeted measures to support public services, people and businesses, currently amounting to £330bn. Measures include a 12-month business rates holiday for all retail, hospitality ■■ The global pandemic

and leisure businesses in England;

has had a huge impact

a grant funding of £25,000 for retail,

on global tourism

hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000; small business grant funding of £10,000

The global travel and tourism sector grew by 3.9 per cent in 2018 to contribute a record US$8.8tn to the global market 14

attractionsmanagement.com

for all business in receipt of small business rate relief or rural rate relief. The Coronavirus Business Interruption Loan Scheme has also been launched, with loans of up to £5m available for SMEs through the British Business Bank. ©Cybertrek Ltd 2020

Issue 153

■■ In the UK, chancellor Rishi Sunak has introduced unprecedented measures to protect the British economy

United States

Germany

Fund, which many tourism and attractions

The US is planning a US$1tn (€926bn,

Germany's government has pledged

businesses are eligible for. Non-food

£851bn) financial package, which will

unlimited financial assistance to German

trade and tourism SMEs that have

"send money directly to Americans" as

businesses. The government has

lost turnover by more than 70 per cent

part of a stimulus attempting to avert an

predicted this will costs around €550bn

compared to March 2019 and SMEs with

economic crisis caused by COVID-19.

from the nation's development bank.

a turnover of less than €1m (US$1.1m, £924,000) can apply for the fund.

As part of this package, airlines and hotels will receive a bailout. The

Australia

proposal is yet to be approved by

As part of an AUS$17.6bn (US$10.3bn,

package includes supplementary

Congress. Separate to this package,

€9.4bn, £8.7bn) stimulus plan, with an

funding funding of short-time working/

US Treasury secretary Steven Mnuchin

additional AUS$64.6bn (US$22.7bn,

partial unemployment measures equal

has said the government will also

€20.8bn, £19.2bn) to be spent over the

to 70 per cent of gross salary.

allow companies and individuals to

next six months, the government has

delay their tax payments for 90 days.

pledged AUS$1bn (US$613m, €562.7m,

Spain

£520m) to support those sectors, regions

The Spanish government is supporting

Italy

and communities, including tourism,

tourism companies with a financing line

The Italian government has presented

that have been affected by the virus.

of €400m (US$432m, £367.8m) with

As part of this stimulus plan, fees

guarantee from the ICO (Official Credit

its "Italy Cure" package, which

A wider €45bn (US$49bn, £41.6bn)

puts the safety and wellbeing

and charges for tourism businesses

Institute of Spain), for self-employed

of its workers at its core.

that operate in the Great Barrier Reef

and tourism companies. The financing

Marine Park and Commonwealth

– which has a maximum credit limit

of its employees' salaries across every

National Parks will be waivered.

of €500,000 (US$540,000) per com-

sector, with self-employed or seasonal

These measures will support more than

pany – includes transport companies,

workers able to apply for a special

3.5 million businesses and an estimated

taxis, hotels, restaurants, car rentals,

pay-out of €600 in March. Families can

3 in every 4 workers nationwide.

travel agencies and museums.

while parental leave has been extended.

France

€200bn (US$215.6bn, £183.9bn) pack-

A €500m fund has also been set up

The French government has established

age to help companies, workers and other

to help protect the aviation industry.

a €2bn (US$2.2bn, £1.85bn) Solidarity

vulnerable groups affected by the crisis.l

The government is paying 80 per cent

The government has also launched a

also suspend their mortgage payments,

Issue 153

attractionsmanagement.com

Insight

The future of financial sustainability American Alliance of Museums releases annual TrendsWatch report

n a time of financial uncertainty for the global museum community, this year's TrendsWatch report from the American Alliance of Museums (AAM) and the Center for the Future

of Museums (CFM) is seeking to provoke discussion and find viable solutions to these ongoing challenges. Exploring important culture, technology, economic, environmental and policy events, the American Alliance of Museums and the Center for the Future of Museums' annual TrendsWatch Report identifies trends that will shape the way museums worldwide will do business and engage visitors. The future of financial sustainability is the focus of this year's report. With funding models disrupted museums are in a position where they must improve financial discipline, business planning and data literacy in order to remain profitable.

■■Charitable income makes up a significant portion of most museum

Earned income Earned income consists of the money

funding models and is one of the four

a museum makes from selling a

highlighted areas in this year's report

product or service to someone at a price the consumer feels is worth the cost. A museum's income applies even if attendance is free entry, as visitors will spend money in places such as the café or the gift shop.

attractionsmanagement.com

Issue 153

■■ Forced museum closures are having a significant impact on museum finances

This support comes "with its own

Research suggests that the number one reason people don’t come to

strings attached", which means a

a museum is that they prefer to do

government-supported institution

something else with their time, often spending time at home with the vast majority of this time spent on screens – television, movies, and digital devices. This is seeing museums move further into the experience economy, with the creation of immersive experiences and mustsee exhibitions in an attempt to get its

Museums need to try new things and make changes from within to find new forms of revenue generation

has to be sensitive to political considerations, satisfying both the taxpayer and the political institution. In the US, nonprofits are not only seeing a decline in government funding but also attempts to actually increase the amount of money they must pay the government.

Financial capital

visitors off the sofa and through its doors. now outnumber private foundations on

Financial capital can be split

Charitable income

a five to one ratio and their collective

into three groups – endowments,

Philanthropy is a key part of most

value is worth more than US$100bn.

temporarily restricted endowments and

museums' funding models, but it

"Impact philanthropy" is another

voluntarily restricted endowments.

can also be a poisoned chalice

key thing to consider, with donors

should they not look into where

and foundations increasingly want

museum's investments which, typically

their money is coming from.

to see measurable change as a

aren't spent, rather interest accrued is

direct result of their support.

used for specific purposes. Temporarily

The fastest-growing charitable

Endowments are portions of a

restricted endowments are designated

vehicle in the US is donor-advised funds (DAF) – a giving vehicle which

Government funding

to be spent in their entirety for specific

allows donors to make a charitable

With museums a major part of

purposes. Voluntarily restricted

contribution, receive an immediate tax

the public infrastructure, it's no

endowments are board designated

deduction and then recommend grants

surprise many non-profits receive

for a specific purpose, though that

from the fund over time. These funds

significant government backing.

decision can be reversed. l

Issue 153

attractionsmanagement.com

Insight

Our sector is just beginning to assess the impact of closures, travel bans, cancellation of events, and the implementation of social distancing Elizabeth Merritt, Center of the Future of Museums

Q&A with Elizabeth Merritt Trendswatch author discusses this year's report

ith the global health crisis continuing to unfold, Tom Anstey, spoke to Elizabeth Merritt,

vice president of strategic foresight and founding director for the Center of the Future of Museums, to learn more about this year's Trendswatch nd how it can help the museums in the short and long term.

Why did you choose to look at finance in this year's edition? When AAM was developing its current strategic plan, we asked museums to share their biggest challenges. Financial sustainability was one of the top three issues identified by museums of all types, and that is a well-founded concern. A ■■It's recommended that all museums build

survey we conducted in 2017 found that

up a three month surpluss for times of crisis

29 per cent of museums had dipped into their reserves or endowment,

attractionsmanagement.com

Issue 153

■■ Museums worldwide are feeling the crunch thanks to forced closures

Museums will find themselves in a new world when it comes to the business of running their organisations in the past year, to cover operating

have ideas and make decisions that

it comes to how they spend their time

deficits. Every major museum income

lead to financial success? The third

and money. And by providing meaningful,

stream was profoundly damaged during

step is to create a culture in which staff

engaging online content, museums can win

the 2008 financial crisis, and it may

are encouraged to try experiments that

love (and support) from people who may

be unrealistic to expect that we will

may result in new ways of operating,

never come through their physical doors.

ever return to 'business as usual'.

including new income streams.

What are the key steps museums can take to try and foster financial stability?

How is technology changing the way we generate funding?

The first step is to pay attention to

Digital technologies open two massive

best financial preparation for business

information – internal and external –

areas of opportunity for museums –

disruptions! The typical advice is to

that can tell an organisation what is

data and reach. By collecting as much

have sufficient expendable funds on

working, what is not working, and how

information as possible on who comes

hand to cover at least three months of

their external business environment is

to museums and how they behave,

expenses. More generally, museums

changing. The second is to ensure that

museums can tailor the experiences

can always be looking forward in time,

all staff – not just the people who work

they create, their marketing, pricing,

anticipating potential disruptions—whether

in leadership and accounting – know

and their pitch for contributions in order

that is a pandemic disease, severe

how to read a financial statement and

to be as effective as possible. Social

storms, ransomware or social unrest.

understand the museum’s budget. Unless

media can turn a museum’s existing

Integrating a little bit of foresight into

everyone – curators, educators, security

fans into recruiters. Young people, in

financial planning can help ensure that a

staff, exhibit developers – are financially

particular, are highly influenced by the

museum has a business model resilient

literate, how can they be expected to

recommendations of their peers when

enough to weather hard times. l

Issue 153

How is technology changing the way we generate funding? A healthy operating reserve is one of the

attractionsmanagement.com

PRODUCT INNOVATION Suppliers tell Attractions Management News about their latest product, design and technology launches

For the latest supplier news and company information, visit

attractions-kit.net

●● Red Raion creates CGI movies for the attractions industry.

Red Raion's partnership with D-Box will create new immersive experiences says, Valeria Rizzo

ed Raion, an Italian

content that will resonate deeply

to the success of D-Box's

CGI studio specialising

in the consumer market,"

clients. Our goal is to guide

in movies for media-

said Sébastien Mailhot,

them in selecting the right

president and CEO of D-Box.

CGI content for their media-

based attractions, has announced a new partnership

synchronises perfectly and

the development of a host of

seamlessly with Red Raion's

new immersive experiences.

CGI content, enhancing

the content with the motion is

Based in Canada, D-Box

the overall experience

the key element that makes

like never before."

an immersive experience

for the entertainment and

Attractions Management News 6th April 2020 issue 153

Articles inside

Trendswatch: The future of financial sustainability

Q&A with Elizabeth Merritt

Adapt and overcome

Answering the call

Work restarts on Nickelodeon indoor theme park in China