A Financial Perspective to Heritage Valuation

Heritage management plays a pivotal role in preserving and promoting cultural, historical, and natural assets for future generations. Heritage has evolved into an important component of the tourism sector. It may be regarded as cultural capital. Since Heritage is essentially a non-marketed product, the valuation procedure for this capital is quite complicated. The present endeavour highlights the application of a valuation model for bringing forth the financial perspective to heritage valuation. This research article explores the techniques and tools employed in heritage management, emphasizing the advantages and challenges associated with safeguarding and presenting our diverse heritage. From traditional conservation methods to modern technological applications, this comprehensive analysis provides insights into the evolving field of heritage management.

Key words: Heritage, Management, Sustainable development