Admission Income and Historic Houses: Higher Revenue Is associated with Price Policy. More Services and Less Education

William S. Hendon

American Journal of Economics and Sociology, 1983, vol. 42, issue 4, 473-482

Abstract: Abstract. A survey of 800 historic houses in England. Wales. Scotland and Northern Ireland, which produced detailed data on 108, indicates that restaurants, gardens and souvenir shops are most beneficially related to income. Collections increase visitor numbers, particularly for houses with larger revenues. The higher the number of amusements and services, the higher the annual income. But educational and interpretive services do not appear to increase visitor numbers. Houses have some latitude to increase admission charges. Only 20 percent of the properties showed a profit. With more effective and cost‐efficient advertising, an appropriate pricing policy and a reconsideration of promotional and educational programs, more might cover their costs.

Date: 1983
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1536-7150.1983.tb01735.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:42:y:1983:i:4:p:473-482

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0002-9246

Access Statistics for this article

American Journal of Economics and Sociology is currently edited by Laurence S. Moss

More articles in American Journal of Economics and Sociology from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().