Re:Egypt is building a $1B mega-museum
by dangus on Monday May 27, 2024 @08:25PM
(#40496152)
It’s funny to me that people still think $1 billion is a lot of money for a government.
5 million people per year visit the MET in NYC, which is the 5th most popular museum in the world. Tickets are $30. Seven years of revenue is $1 billion.
Almost 15 million people visit the Pyramids of Giza per year. Egypt is the 9th most popular tourist destination in the world.
If only half of those people visit the new museum and spend $30 on admission that means they cross $1 billion in revenue in 5 years, and that assumes nobody buys a damn thing from the gift shop or donates to the endowment.
5 million people per year visit the MET in NYC, which is the 5th most popular museum in the world. Tickets are $30. Seven years of revenue is $1 billion.
Almost 15 million people visit the Pyramids of Giza per year. Egypt is the 9th most popular tourist destination in the world.
If only half of those people visit the new museum and spend $30 on admission that means they cross $1 billion in revenue in 5 years, and that assumes nobody buys a damn thing from the gift shop or donates to the endowment.