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How Expensive Is Sightseeing? The Cities Where Museum and Attraction Prices May Shock Tourists
['Juergen T Steinmetz', 'View All Posts']
eTurboNews | eTN
GermanyFor adults, Hamburg is Germany’s most expensive sightseeing city, with an average admission price of €20.09 per attraction.
General admission to the Metropolitan Museum of Art is currently $30 for an adult, as is the Museum of Modern Art.
The British policy of free permanent admission to sponsored national museums means that “expensive city” does not automatically translate into “expensive museum city”.
Visitor numbers are affected by aviation capacity, weather, economic conditions, exchange rates and geopolitical events as well as admission prices.
Why higher prices can workResearch into museum demand has often found relatively low price elasticity, meaning that a percentage increase in admission prices produces a smaller percentage fall in attendance.