Blockbuster exhibitions are often a break-even prospect for museums, with any boost to revenue from ticket sales, memberships, retail purchases and other visitor spending offset by the costs of production, installation and operations. But what impact do the thousands of cultural consumers who turn up for those exhibitions have on local economies?
Based on US government statistics and tourism reports, blockbuster shows can create significant gains for their host cities. “We know that a vibrant arts community is good for local businesses,” says Randy Cohen, the vice president of research and policy at the art lobbying organisation Americans for the Arts. “And a blockbuster brings people from out of town, out of the country, and they provide business for local merchants.”
The larger arts industry contributed $764bn to the US economy—more than agriculture or transportation—according to data gathered by the US Bureau of Economic Analysis. A study released in 2018 by the American Alliance of Museums (AAM), using information from the Bureau of Labor Statistics, states that arts institutions support 726,000 jobs in the US and directly employ 372,100 people—more than double that of the professional sports industry. The AAMs report also showed that US museums generate more than $12bn per year in tax revenue to federal, state and local governments.
Were not investing in a frill but in an industry that draws to the community people who spend money there
Surveys conducted by Americans for the Arts found that each art event attendee spent around $31.47, on top of admission costs, which equated to an estimated $102.5bn in additional spending during 2015 (the year of its most recent surveys). “What this shows is that when we invest in the arts, were not investing in a frill but in an industry that draws to the community people who spend money there, and it keeps our neighbours and their hard-earned discretionary dollars right there in town,” Cohen says.
One recent example is the hugely popular touring exhibition Yayoi Kusama: Infinity Mirrors, which quickly became a “city phenomenon” when it first opened at the Hirshhorn Museum and Sculpture Garden in Washington, DC, in 2017, according to the organising institutions director Melissa Chiu. Kusamas work “attracted visitors that had never come to the museum before” and “had a lasting effect on public awareness of the museum”, Chiu says. The exhibition also created jobs and generated extra revenue in many of the cities it later travelled to. The show contributed $5.5m to the Cuyahoga County economy when it was shown at the Cleveland Museum of Art (9 July-30 September 2018), according to a study by the local research firm Kleinhenz & Associates. The museum hired 120 extra employees for visitors services and other exhibition-related work, and while most were temporary, some stayed on to support other exhibitions, a spokeswoman says.
The High Museum of Art hosted a blockbuster Yayoi Kusama show
Courtesy of High Museum of Art
Similarly, the High Museum of Art in Atlanta held a special job fair to hire 60 part-time, temporary workers in guest relations, the museum sRead More – Source
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