Live performance competition goers are fairly conscious that ticket costs have gone up, however due to a brand new FinanceBuzz research, you’ll be able to see how a lot ticket costs have gone up since some main festivals’ infancy and which festivals have managed to quell the inflation to some extent.
How A lot Have Competition Ticket Prices Risen within the Previous Decade?
One of many main findings on this FinanceBuzz research is that the each day normal admission costs for main music festivals have risen by 55 % since 2014.
That is a staggering quantity, however even somewhat extra attention-grabbing while you examine it to the precise price of nationwide inflation within the U.S. which is 32 % over the identical interval.
That stated, some festivals have managed to maintain their costs in verify. One competition – Extremely Miami – nonetheless has the identical ticket worth as in 2014. In the meantime others, such because the Electrical Forest Competition, have seen costs rise considerably. The digital music and jam band competition has seen a 97 % enhance.
Music Competition Ticket Value Inflation
Which Festivals Elevated the Least and Which the Most?
As said, Electrical Forest noticed the most important enhance within the final decade, whereas Suwanee Hulaween and the Shaky Knees competition have each gone up 84 %. The multi-genre Outdoors Lands competition noticed a 76 % enhance and the country-centric Stagecoach has gone up 72 %.
On the opposite finish, Coachella is the competition that noticed the second least enhance, solely rising 43 %. The Chicago-based Lollapalooza has solely gone up 49 %, and the New Orleans Jazz and Heritage Fest, Burning Man and Governor’s Ball every noticed a 50 % enhance.
Music Competition Most Least Ticket Price Will increase
How A lot Have Festivals Elevated Costs From Their Inaugural 12 months
It is attention-grabbing to see how a lot costs have modified, particularly for the festivals which were in enterprise for many years.
The New Orleans Jazz & Heritage Competition and Glastonbury each began in 1970. The New Orleans Jazz Fest you possibly can’ve entered for $3 in 1970, the place it now prices $105 in 2024. Glastonbury, held within the U.Okay., had solely a one pound entry charge again then, whereas it prices 71 kilos for a ticket at this time.
Coachella, which began in 1999, has risen from $50 to $166 for a each day ticket. Bonnaroo, which was $33 in 2002, is now $109 for a normal admission ticket in 2024. See different competition comparisons from their inaugural 12 months beneath.
Music Competition Price Rise From Inaugural 12 months
How the Outcomes Have been Tallied?
For this FinanceBuzz research, the 2024 competition worth tickets had been sourced instantly from the official web site of every competition, whereas historic costs had been sourced from modern information articles printed in annually.
All calculations and ticket prices are based mostly on the worth of a normal admission ticket for a single day of every competition. In instances the place single-day tickets will not be offered, the associated fee for a multi-day normal admission ticket was divided by the variety of days the ticket was good for. Costs don’t embrace taxes or charges.
READ MORE: Reside Nation CEO Explains Live performance Ticket Costs + Charges, Desires to Implement All-In Pricing
Inflation charges are based mostly on the Bureau of Labor Statistics’ CPI Inflation Calculator. Inflation charges had been collected in February 2024.
Dig into extra particulars from the FinanceBuzz Examine right here.
2024 Rock + Steel Competition + Cruise Information
Here is your likelihood to see quite a lot of bands!
Gallery Credit score: Chad Childers, Loudwire
