During the coronavirus (COVID-19) pandemic, several museums worldwide had to close to the public for long periods, as governments enacted lockdowns and strict safety regulations to contain the health crisis. As a result of the closures, most museums around the world reported revenue losses in 2020. According to a May 2021 study, about 12.5 percent of surveyed museums lost more than 90 percent of annual revenue in 2020. Meanwhile, only one in ten institutions experienced a revenue loss of up to 10 percent.
Share of annual revenue lost by museums worldwide during the coronavirus (COVID-19) pandemic in 2020
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International Council of Museums. (July 5, 2021). Share of annual revenue lost by museums worldwide during the coronavirus (COVID-19) pandemic in 2020 [Graph]. In Statista. Retrieved December 03, 2023, from https://www.statista.com/statistics/1201763/expected-revenue-loss-of-museums-worldwide-during-covid-19/
International Council of Museums. "Share of annual revenue lost by museums worldwide during the coronavirus (COVID-19) pandemic in 2020." Chart. July 5, 2021. Statista. Accessed December 03, 2023. https://www.statista.com/statistics/1201763/expected-revenue-loss-of-museums-worldwide-during-covid-19/
International Council of Museums. (2021). Share of annual revenue lost by museums worldwide during the coronavirus (COVID-19) pandemic in 2020. Statista. Statista Inc.. Accessed: December 03, 2023. https://www.statista.com/statistics/1201763/expected-revenue-loss-of-museums-worldwide-during-covid-19/
International Council of Museums. "Share of Annual Revenue Lost by Museums Worldwide during The Coronavirus (Covid-19) Pandemic in 2020." Statista, Statista Inc., 5 Jul 2021, https://www.statista.com/statistics/1201763/expected-revenue-loss-of-museums-worldwide-during-covid-19/
International Council of Museums, Share of annual revenue lost by museums worldwide during the coronavirus (COVID-19) pandemic in 2020 Statista, https://www.statista.com/statistics/1201763/expected-revenue-loss-of-museums-worldwide-during-covid-19/ (last visited December 03, 2023)
Share of annual revenue lost by museums worldwide during the coronavirus (COVID-19) pandemic in 2020 [Graph], International Council of Museums, July 5, 2021. [Online]. Available: https://www.statista.com/statistics/1201763/expected-revenue-loss-of-museums-worldwide-during-covid-19/