ABSTRACT
Private recreational enterprises will play an important future role. Public law 88–29, passed by Congress in 1963, called for a coordinated effort among all levels of government and private interests to assure adequate outdoor recreation resources for present and future generations. In general, returns to labor and management have been extremely low for firms engaged in providing outdoor recreation. Location is critical when one is estimating demand for outdoor recreation. The cost for providing this type of recreation service is excessive for the operator who is small or fails to reach fairly high occupancy rates. The Bureau of Outdoor Recreation surveyed more than 2,000 financial institutions in a nationwide attitude study of lending practices. Few data are available to indicate the relative importance of each of these classes of recreation business. Extension workers and others who advise the recreation firm would benefit immeasurably from such a business analysis.
