CALIBRATING THE COMPASS
NATIONAL GEOGRAPHIC MUSEUM / WASHINGTON, DC
SITUATION
The National Geographic Museum is located in the highly competitive market of Washington, DC with some of the top museums in the U.S.
Attendance for museum is underperforming against projections and profitability.
National Geographic is a very well known brand, but not a museum brand.
Location of museum is off traditional tourist routes.
ACTION
After extensive analysis of pricing, attendance, seasonality, TGG made determination that tickets were under priced.
Analysis of sales patterns indicated direct correlation to tourism patterns, yet zip code analysis was mixed between locals and tourists.
Media mix was weighted into the wrong mediums and poorly flighted.
RESULTS
A new pricing and marketing strategy was implemented using TGG’s recommendations.
National Geographic Museum increased sales over 15% in the first year.
Marketing leverage was increased 500%.
Tourism partnership yielded increased closure rates within the tourism category.