If the royalty went away and the UK took possession of its lands, castles, and holdings, it could make a killing off tourism to those private or semi-private residences. Other European countries that are no longer monarchies do this just fine.
Versailles is one of the most visited places in the world. Having no royal people in there makes zero difference to that.
We could have the tourism without the actual royals, 100% no problem there
[0]: https://www.statista.com/statistics/991925/visitors-palace-o...
[1]: https://www.statista.com/statistics/373081/uk-royal-tourism-...
These are not the sorts of places that people typically visit on overseas holidays more than once. So once the ticket has been bought, whether or not it is "an actual royal palace" is irrelevant.
Of course people like to feel the glamour of being close to the mystique of living wealth, but once an attraction is firmly on the circuit it hardly matters. See Tower of London, Blenheim Palace, Edinburgh Castle, Hampton Court Palace, etc.
According to Association of Leading Visitor Attractions, Buckingham Palace would be around the 70th most visited attraction in the country, hardly a sign that you need a living monarchy to sustain tourism - https://www.alva.org.uk/details.cfm?p=423
1. Versailles has a boatload of art in it and is massive.
2. Some rather dramatic things happened there.
Buckingham palace has plenty of art, but so does the V&A Museum.
And you can't re-create the historical drama and preserve stability.
Also see, from https://www.royal.uk/royal-finances-0
> The Crown Estate as a whole dates back from the time of the Norman Conquest.
In 1760, George III reached an agreement with the Government over the Estate. The Crown Lands would be managed on behalf of the Government and the surplus revenue would go to the Treasury. In return, the King would receive a fixed annual payment, which was called the Civil List. With effect from 1 April 2012, the Civil List was incorporated into a new system of funding referred to as the Sovereign Grant.
The Crown Estate is not the personal property of the Monarch. It cannot be sold by the Monarch, nor do any profits from it go to the Sovereign.
The Crown Estate is managed by an independent organisation, headed by a Board, and any profit from the Estate is paid every year to the Treasury for the benefit of all UK taxpayers. The Treasury is effectively the principle Government stakeholder and is kept informed of the estate’s overall business plans and strategies.
The Estates portfolio has a value of over £7.3 billion, from beef farms in the north of Scotland to Portland stone mining in Dorset. Windsor Great Park is the only Royal Park managed by the Crown Estate. All other parks are administered by the Royal Parks Agency.
Correct.
> “nor do any profits from it go to the Sovereign.”
Incorrect. Currently 25% of the Crown Estate’s profits are paid to the Monarch. This was raised from 15% in 2018, and is set to revert back to 15% in 2028.
”The palace, like Windsor Castle, is owned by the reigning monarch in right of the Crown. Occupied royal palaces are not part of the Crown Estate, but nor are they the monarch's personal property, unlike Sandringham House and Balmoral Castle.”
Occupied palaces, like Buckingham Palace, are owned by the reigning monarch ‘in right of the Crown’ (like you pointed out).
Similarly, the Crown Estate belongs to the reigning monarch ‘in right of The Crown’.
“In right of The Crown” means it is owned by the monarch for the duration of their reign, by virtue of their accession to the throne.
So, you are correct (and I was wrong) that Buckingham is not part of the Crown Estate.
Notwithstanding this technicality, would you agree that the overarching point remains that it isn’t as if “the money goes to the monarch for their personal enjoyment” (which is what I interpreted you implied), but towards Buckingham renovations, which is a property of The Crown[1] (i.e the state) and which in turn is embodied by the reigning monarch.
It sounds to me as if the monarch is like a custodian/shepherd of these assets for the benefit of the state (the crown).
Being able to make laws helps with that.