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International Ticketing Report 2021: Consumer behaviour

The International Ticketing Report is a one-off annual health check on the global ticketing business, with emphasis on the sector’s response to the Covid-19 pandemic.

The past two years have been turbulent for the business, but with consumer demand for live events now at an all-time peak, the challenges of fulfilling the most packed event schedule in history will test ticketers to the hilt.

Staffing, vouchers schemes and refunds, demand, consumer behaviour, communication, new products & services, secondary ticketing, pandemic lessons and recovery are among the challengers addressed by industry-leading experts in this extended report.

The report, originally published in IQ105, is in lieu of the International Ticketing Yearbook – a standalone global guide to the live entertainment market that will return in 2022.

IQ will publish sections of the International Ticketing Report over the coming weeks but subscribers can read the entire feature in issue 105 of IQ Magazine now.

To read the previous instalment of the report on staffing click here.


In addition to purchasing add-on insurance coverage, fans are often waiting until the 11th hour to buy tickets for certain events – although some recent tours and dates for A-list acts next year have sold out within minutes.

While that dichotomy could give promoters sleepless nights, what is proving more certain is the willingness of the general public to embrace digital ticketing. This has been accelerated by the pandemic, as people recognise the health and hygiene benefits of steering away from physical passes for events.

“Digital transformation has significantly changed attitudes towards digital tickets – a Rubicon has been crossed,” says Total Ticketing sales director Martin Haigh. “Contactless purchase, fulfilment, transfer, and redemption is very attractive given the pandemic. Digitally connecting tickets to waivers and proof-of-vaccine may soon be mandatory.”

Scahill states, “Much like we’ve seen with promoters, we expect more of an increase in demand towards the use of digital tickets vs physical as consumers become more accustomed to using technology throughout the pandemic. In addition to this, sustainability is somewhat of a hot-button issue in the events and touring industry, so the more we can limit paper usage in the ticketing industry, the better.”

“Contactless purchase, fulfilment, transfer, and redemption is very attractive given the pandemic”

However, pointing out that a digital ticket merely identifies the mobile phone’s IMEI number, rather than the person holding it, Fair Ticket Solutions’ founder & CEO, Alan Gelfand, comments, “Attendees now have to provide some additional physical form of ID for entry, so whether a ticket is on their phone or physical now becomes only a matter of what the attendee deems convenient for them and should have their choice of deciding, not dictated to.”

And that scepticism wins favour with CTS Eventim chief operating officer Alexander Ruoff, who contends that not everyone will embrace the digital switch. “We believe very strongly that many customers will want to continue to receive a physical ticket or receive it in addition,” he tells IQ.

“An electronic ticket in a virtual wallet hardly triggers anticipation of a concert. In contrast, a paper ticket on the fridge or on the pinboard evokes exactly that feeling. A physical ticket also plays a very important role for many fans as a souvenir of a great concert experience.”

Nonetheless, Richard Howle from The Ticket Factory states, “The pandemic has forced the public (whether they like it or not) to embrace mobile technology with the use of tools like the [UK’s] NHS Covid App. It was only a matter of time until digital ticketing arrived, and the pandemic has simply accelerated that process. Some of our first events to go to 100% digital ticketing were non-music events with audiences that traditionally find it harder to adopt these technologies.”

“Within the next two years I expect that 90% of tickets issued will be digital”

He adds, “Within the next two years I expect that 90% of tickets issued will be digital.”

And Benjamin Leaver, CEO, Event Genius & Festicket says his company’s investment into mobile-friendly products sets them up nicely for the manic 2022 events schedule.

“For example, we recently released our new Festicket customer app, which makes it easier for eventgoers to access their tickets offline from their mobile device, speed-up entry, reduce possible overcrowding at entry gates and generally improve audience flow,” he says.

Indeed, Total Ticketing’s Haigh cites a fundamental shift in attitudes when it comes to digital adoption. “We operate in Asia and there is a cultural proclivity towards conservatism, yet we are seeing clients in some of Asia’s most conservative countries embrace and even demand digital ticketing, where just a year or two ago we were being told that ticket buyers would only accept physical tickets,” he reports.

“We believe that digital ticketing opens up a whole new world of engagement and activation opportunities for live-event promoters and sponsors and as such it’s inevitable that transformation towards digital ticketing will accelerate.”

 


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International Ticketing Report 2021: Demand

The International Ticketing Report is a one-off annual health check on the global ticketing business, with emphasis on the sector’s response to the Covid-19 pandemic.

The past two years have been turbulent for the business, but with consumer demand for live events now at an all-time peak, the challenges of fulfilling the most packed event schedule in history will test ticketers to the hilt.

Staffing, vouchers schemes and refunds, demand, consumer behaviour, communication, new products & services, secondary ticketing, pandemic lessons and recovery are among the challengers addressed by industry-leading experts in this extended report.

The report, originally published in IQ105, is in lieu of the International Ticketing Yearbook – a standalone global guide to the live entertainment market that will return in 2022.

IQ will publish sections of the International Ticketing Report over the coming weeks but subscribers can read the entire feature in issue 105 of IQ Magazine now.

To read the previous instalment of the report on staffing click here.


Having been starved of live music for more than a year – and in some cases, more than two years – fans around the world are understandably craving the experience of gigs and festivals. This has manifested itself in some truly remarkable sold-out shows in the months ahead.

“Artists have been itching to get back on the road and we’re already seeing the biggest names – Ed Sheeran, Red Hot Chili Peppers, Coldplay, Shawn Mendes, Tool, BTS – selling like wildfire, with plenty more on the way,” says Ticketmaster’s Mark Yovich.

“We’re expecting colossal things for 2022 – not only do artists and fans want to make up for lost time, but the cyclical nature of our business ensures its longevity. The pipeline will always be full – sporting seasons, theatre runs, and touring cycles will remain a constant fixture.”

Eventim’s Ruoff is a tad more circumspect. “Fortunately, demand for tickets has been rising steadily since spring, but as expected has not yet reached pre-pandemic levels,” he says. “In Germany, and Europe as a whole, we have seen great pre-sales in recent weeks for concerts by top artists.”

In France, Weezevent CEO, Pierre-Henri Deballon, also has encouraging news. “In the third quarter of 2021 we are above our 2019 figures, despite the fact that fewer events went on sale, due to capacity increases this year.”

“For 2022, we are expecting to see a triple effect: strong public demand, a plethora of events, increases in capacity and duration”

He continues, “Ticket prices are also changing. For 2022, we are expecting to see a triple effect: strong public demand, a plethora of events, plus increases in capacity and duration.

“All of this put together means 2022 should be a very strong year with a big rebound, especially for outdoor events, of which only the largest have taken place in France, in reduced formats, if at all. We expect shallower growth in the indoor sector, because setting up a tour is more complex than a festival.”

In Asia, Total Ticketing sales director Martin Haigh says, “Demand remains strong and tickets are selling very well, when events are able to happen. Customers are keen to get out and have experiences again where possible and as a result of the extremely low incidence of Covid in Hong Kong, customers are generally not concerned about the health risks of attending events.”

However, Haigh adds a weighty caveat. “The strong restrictions imposed, especially on larger events, means that volumes are still low overall – about 20-30% of previous volumes – but this represents a supply issue, not a lack of demand.”

Skiddle’s head of marketing Jamie Scahill says demand has been unprecedented. “We’ve seen a boom in consumer confidence since lockdown was lifted in the UK, and we’re confident that this trend will continue into 2022 as young people are eager to experience nightlife for the first time,” he says.

“In the first six months of this financial year, our overall sales have been down 25% on the same period in 2019”

“As a result, Skiddle has sold an extra £32m (€38m) in tickets in 2021 vs last year, a 442% increase on 2020. Skiddle’s phenomenal growth in 2021 has seen us grow 80% on its best-ever year (2019). Since Feb 2021, the majority of our tickets sold were for nightclub events (45%) with live gigs and festivals a close second (44%).”

The same isn’t true for all UK-based ticketing operations. At The Ticket Factory, Richard Howle notes, “Sales are beginning to return but still aren’t at pre-pandemic levels. In the first six months of this financial year, our overall sales have been down 25% on the same period in 2019.

“However, the on-sale patterns are still out of kilter with the norm, so it is difficult to compare like for like at the moment. Some recent on-sales have been weaker than expected, but I think that this is more likely to reflect the current economic situation rather than any Covid-related concerns.”

AXS director of ticketing Paul Newman contends, “It still needs to be decent content, but to be fair there are many top-level artists going out for the first time in a long time. So sales for the right events are very strong, which bears out the widely held view that we could be in for a bumper couple of years as long as the promoters can find space in the packed venue diaries.”

“It is no surprise that music fans cannot wait to get back out there to live events. Who can blame them?” says Benjamin Leaver, CEO, Event Genius & Festicket. “We’ve seen this play out in successful on-sales for 2022 events, such as Primavera Sound [in Spain], which sold out in just ten days, and for which we were the official payment plan provider.

“We’re also seeing fans spending more on their event trips too, resulting in a huge 172% uplift in average order value”

“We’re also seeing fans spending more on their event trips too, resulting in a huge 172% uplift in average order value for international bookings compared with pre-Covid numbers, with a similar increase also seen in domestic booking.”

He adds, “A large percentage of these are also now choosing alternative payment methods such as payment plans in order for customers to reduce their immediate costs.”

And with Covid never far from the headlines, the increase in demand is also benefitting ancillary businesses.

“We are currently seeing high attachment rates across our partner ticketing companies, venues, and events as people have a pent-up desire to book something to look forward to but at the same time have never been more aware of their risk of being unable to attend,” says TicketPlan’s CEO Ben Bray.

“This has led to higher take-up on our refund protection and insurance products as this enables ticket buyers to book in confidence knowing that if the worst happens and they are unable to attend the event, for instance if they are ill, they can request a refund via extended terms.”


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International Ticketing Report 2021: Voucher schemes & refunds

The International Ticketing Report is a one-off annual health check on the global ticketing business, with emphasis on the sector’s response to the Covid-19 pandemic.

The past two years have been turbulent for the business, but with consumer demand for live events now at an all-time peak, the challenges of fulfilling the most packed event schedule in history will test ticketers to the hilt.

Staffing, vouchers schemes and refunds, demand, consumer behaviour, communication, new products & services, secondary ticketing, pandemic lessons and recovery are among the challengers addressed by industry-leading experts in this extended report.

The report, originally published in IQ105, is in lieu of the International Ticketing Yearbook – a standalone global guide to the live entertainment market that will return in 2022.

IQ will publish sections of the International Ticketing Report over the coming weeks but subscribers can read the entire feature in issue 105 of IQ Magazine now.

To read the previous instalment of the report on staffing click here.


While the live events industry was among the first to shut up shop in the pandemic – and, of course, the last to reopen – one silver lining to that particular storm cloud was that the vast majority of fans around the world did not ask for refunds for rescheduled events.

Promoters in a number of territories also persuaded governments to allow them to implement voucher schemes, which helped retain at least some of their revenues to steer them through the crisis.

Again, though, the experience varies from country to country, and, off the record, some promoters are admitting, with hindsight, that refunds may have been the smarter move, as the costs for putting on shows in 2022 will be far higher than the ticket prices budgeted for, as they were often set in 2019, long before the pandemic closed countries down.

“In the majority of situations organisers offered refunds and around 80% of ticket sales that had been made before the pandemic were refunded,” reports Weezevent CEO Pierre-Henri Deballon.

“The demand from fans has never waned. Globally, we saw 83% of fans holding onto their tickets for rescheduled shows”

“On the other hand, the organisers who did not offer a refund but proposed a postponement had only a few requests for refunds.”

He cites Hellfest as an example, where only around 100 tickets were refunded out of the tens of thousands for the sold-out festival. “This highlights how valuable these tickets are to the participants.”

Ticketmaster’s Mark Yovich observes, “The demand from fans has never waned. Globally, we saw 83% of fans holding onto their tickets for rescheduled shows, showing the palpable desire from fans to get back to live at the first opportunity.”

Dice’s Russ Tannen reports similar stats. “87% of tickets for live shows that have been rescheduled or postponed until 2022 have not been returned,” he says.

“The voucher solution preserves the vital liquidity that promoters need to continue operating beyond the crisis”

“Our flexible returns and Waiting List functionality mean that on Dice fans can often get a refund any time before the gig, so many fans will hold on to their ticket in the hope that they’ll be able to make the date of the new show, if they can’t, they’ll offer it to the waiting list.”

Lauding the voucher concept, CTS Eventim‘s chief operating officer Alexander Ruoff says, “We very much welcomed the decisions in a number of European countries on voucher schemes for cultural, concert, sports and leisure events.

“It was a very important step towards preserving cultural diversity. At the same time, the voucher solution is consumer protection in its purest form because it preserves the vital liquidity that promoters need to continue operating during and beyond the coronavirus crisis.

In Germany, the voucher solution is valid until the end of this year. We have observed that many of the vouchers issued have been, and are being, used for replacement events. Therefore, the extent of the refunds is not yet foreseeable.”

“As the restrictions have continued for longer [in Hong Kong], larger numbers are now asking for refunds”

Benjamin Leaver, the newly appointed CEO of Event Genius & Festicket, comments, “We had a number of countries that initiated voucher schemes, most significantly Germany and Portugal. These vouchers were usually only valid on events by the same promoter and mostly were valid until the end of 2021, however, some are running until the 2022 rescheduled dates.”

Yovich comments, “Where voucher schemes were mandated, we implemented this quickly and effectively. However, in most markets, we offered fans cash refunds for rescheduled shows with no questions asked. While being a global business, having local presence on the ground meant that we were able to work closely with our clients to tailor refund policies in each of our markets according to the legal framework and their wishes.”

The reality in Hong Kong was somewhat different. “Customers were initially keen to hold on to tickets pending events coming back, but as the restrictions have continued for longer, larger numbers are now asking for refunds,” says  Total Ticketing sales director Martin Haigh.

“Whereas only around 20% were asking for refunds early in the pandemic, this has now grown to around 80%. We have not needed to implement voucher schemes, instead preferring to refund customers on-request to maintain customer confidence. This has not been the case with all ticketing companies in Hong Kong, but in general customer trust and confidence remains strong.”

“[Skiddle] has had a total of £140,000 (€166,000) claimed in booking-fee credits”

Skiddle had its own approach. “From the start of the pandemic in March 2020, we’ve had to refund a total of 165,000 tickets,” says Skiddle’s head of marketing Jamie Scahill.

“However, during the pandemic, we introduced the ticket industry’s first booking-fee credit system.

“While it remains an industry-standard among ticket companies to retain booking fees when events are cancelled or postponed in order to cover costs, during Covid-19, we rejected this practice, seeking instead to put money back into the accounts of our customers.

“Now when a customer claims a refund, Skiddle will give them the option to claim the full booking fee amount as credit, which can then be used on a future purchase, up to 12 months later. Since we started this system in 2020, we have had a total of £140,000 (€166,000) claimed in booking-fee credits.”

 


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International Ticketing Report 2021: Staffing

The International Ticketing Report is a one-off annual health check on the global ticketing business, with emphasis on the sector’s response to the Covid-19 pandemic.

The past two years have been turbulent for the business, but with consumer demand for live events now at an all-time peak, the challenges of fulfilling the most packed event schedule in history will test ticketers to the hilt.

Staffing, vouchers schemes and refunds, demand, consumer behaviour, communication, new products & services, secondary ticketing, pandemic lessons and recovery are among the challengers addressed by industry-leading experts in this extended report.

The report, originally published in IQ105, is in lieu of the International Ticketing Yearbook – a standalone global guide to the live entertainment market that will return in 2022.

IQ will publish sections of the International Ticketing Report over the coming weeks but subscribers can read the entire feature in issue 105 of IQ Magazine now.

To read the previous instalment of the report, Changing Landscape, click here.


Covid redundancies have hit the sector hard and numerous experienced employees have taken the decision to pursue other career paths rather than return to their former roles. Nonetheless, HR teams have been working overtime to ensure companies are ready to service the needs of their clients.

“While events were paused, we had a huge amount of work to do processing rescheduled shows, helping clients manage the workload, and taking care of fans,” says Mark Yovich, who presides over Ticketmaster, the world’s market-leading live entertainment ticketer.

“At the same time, [Ticketmaster’s] technology teams were able to work at an incredible pace rolling out new features almost weekly, like our Smart Queue technology that effectively manages demand for busy on-sales, which fans are loving.”

He adds, “Thankfully, we were able to take advantage of the many furlough schemes around the world and, as we return to live, our team is building back stronger than ever.”

“While events were paused, we had a huge amount of work to do processing rescheduled shows”

At Europe’s biggest ticketing company, CTS Eventim, chief operating officer Alexander Ruoff tells a similar story. “It is a principle of the company to stand by our employees, even in difficult times. At the same time, we benefitted greatly from government support programmes in various countries. [And] with the restart of business, we started hiring in key areas of the company.”

Weezevent CEO Pierre-Henri Deballon reveals the rollercoaster ride the company has endured in terms of personnel. “We were around 70 [employees] in 2019, then this number dropped to around 60 during 2020, since we made the choice not to replace people who decided to leave the company,” he tells IQ.

“Then we went back up to almost 90 in 2021 with the acquisition of PlayPass, which is also a player in the event cashless industry. By 2022, we expect to be at least 125, if not more, depending on the activity and recovery in our sector.

Turning to governmental assistance, he says, “Support-wise, we benefited from […] the partial unemployment [scheme] set up by the French state, which covered part of the salaries of the teams who were not working during this period, and we supplemented their wages.”

“H.Kong’s zero Covid policy has meant we have experienced little in the way of lockdowns affecting people’s ability to work”

Furlough programmes differ massively around the world, as highlighted by Total Ticketing sales director Martin Haigh from his Hong Kong office. “We were able to receive a small contribution from the government towards salary costs, although this was far below what most developed countries offered through furlough and similar schemes.

“Hong Kong’s zero Covid policy has meant we have experienced little in the way of lockdowns affecting people’s ability to work, although there has been little activity in the events sector generally due to the various restrictions resulting from the zero Covid approach.”

That allowed Total Ticketing to retain its entire team from 2019 to present. “In fact, we have made some new hires over this period to support our ongoing investment in developing our suite of software and products,” says Haigh.

“This has left us in a strong position as we have retained the skills and knowledge that we have developed in our teams over the years.”

“Since lockdown lifting in 2021 and consumer confidence being at an all-time high, we are back to a period of growth”

In the UK, Skiddle’s Scahill notes the impact that lockdowns had on the business, including the closure of its Manchester office. But with the UK reopening for events, things are suddenly looking much rosier.

“The majority of our staff were on either part-time or full-time furlough during the pandemic while business was down and Skiddle claimed £430,000 [€509,000] via the Coronavirus Job Retention Scheme. However, since lockdown lifting in 2021 and consumer confidence being at an all-time high, we are back to a period of growth as our team is now 65 staff members and we are now hiring at pre-Covid rates and recruiting for a number of roles.”

Indeed, that scramble to restaff is universal across the territories that are fortunate enough to be back. “We are a relatively small team in the AXS London office, the majority of which we managed to retain throughout the pandemic – albeit up to approximately 50% were furloughed at various times,” says director of ticketing Paul Newman. “Today we are back to a full complement of staff, as well as actively recruiting for a number of new roles within the business.”

Russ Tannen, president of Dice states, “By the end of the year our team will be 350 globally – and growing fast. We have headquarters in London and New York and offices in Los Angeles, Paris, Milan, Barcelona, and Samara.”

 


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International Ticketing Report 2021: Changing Landscape

The International Ticketing Report is a one-off annual health check on the global ticketing business, with emphasis on the sector’s response to the Covid-19 pandemic.

The past two years have been turbulent for the business, but with consumer demand for live events now at an all-time peak, the challenges of fulfilling the most packed event schedule in history will test ticketers to the hilt.

Staffing, vouchers schemes and refunds, demand, consumer behaviour, communication, new products & services, secondary ticketing, pandemic lessons and recovery are among the challengers addressed by industry-leading experts in this extended report.

The report, originally published in IQ105, is in lieu of the International Ticketing Yearbook – a standalone global guide to the live entertainment market that will return in 2022.

IQ will publish sections of the International Ticketing Report over the coming weeks, starting with an instalment that reflects on the changing landscape. However, subscribers can read the entire feature in issue 105 of IQ Magazine now.


In years gone by, IQ’s annual examination of the ticketing business has merited a standalone book – the International Ticketing Yearbook (ITY). However, the pandemic decimated the business, globally, with many operations forced to run with a skeleton staff that had to deal with the thousands of postponed and rescheduled shows and events, often multiple times, as well as the complexity of refunds and/or voucher schemes.

As the countdown to 2022 begins in earnest, the ticketing sector was among the first in the live entertainment sector to start bringing its employees back into the workplace. And the results have been phenomenal. On-sales such as Ed Sheeran and Coldplay have both seen more than a million tickets snapped up, while hundreds of artists and acts are planning to hit the road, meaning many venues are experiencing seven-days-a-week bookings for the first time in their history.

Covid willing, 2022 should be a record-breaking year for the live events industry. But there are still significant territories operating under pandemic restrictions, and the prospect of more virulent variants of Covid-19 emerging over the winter months in the northern hemisphere remains an all-too-real threat for promoters and event organisers everywhere.

Setting such concerns aside, momentarily, IQ spoke with a number of leading industry executives about the challenges – past, present, and future – to gauge the health of the international ticketing business.

“We’ve been leading the move to mobile tickets for some time, but the pandemic has fast-tracked their adoption industry-wide”

Changing landscape
The impact of the coronavirus pandemic is driving seismic changes in the ticketing sector worldwide, acting as a catalyst for digitisation but also prompting certain operators to question their participation in the business.

Ticketmaster president, Mark Yovich, says, “We’ve been leading the move to mobile tickets for some time now, but the pandemic has fast-tracked their adoption industry-wide. The benefits were always there but are even more clear-cut in a post-Covid world.”

He explains, “For the fan, it provides a convenient and frictionless experience. For the event organiser, more insight than ever before. In the past when someone would buy four tickets, it was a matter of guessing who those other three tickets went to. Now we know who walks through the door and can serve them up a more personalised and enjoyable experience from the moment the ticket lands in their Ticketmaster account right through to showtime.”

Digital services are also a priority for CTS Eventim chief operating officer Alexander Ruoff. “The entire industry must work to get fans back to shows in similar numbers to 2019,” he says.

“Ticketing will become even more digital. In markets where electronic entry-control has not been standard, we will see this after the pandemic. As digitalisation continues, we will be able to offer exciting new products. One example is the Eventim.Pass digital ticket, which has already been used for Ed Sheeran’s European tour.”

“The reality of the liabilities that ticket companies carry in the event of cancellation has really hit home during the pandemic”

Ruoff explains that Eventim.Pass tickets can only be resold via the company’s official resale platform, fanSALE, “which means they are fully traceable,” he says. “It is an important contribution in the fight against the unauthorised secondary ticket market.”

Jamie Scahill, head of marketing for Skiddle, says even clients that were reluctant to adopt digital and paperless systems are now changing direction.

“For example, during the pandemic, Skiddle provided ticketing for local football clubs in the UK using our RapidScan ticket scanning app software to provide contactless entry,” he says. “Such clubs had not adopted paperless entry pre-pandemic and this trend is looking set to continue across a range of sectors in the events industry.”

That’s a development that Richard Howle from The Ticket Factory welcomes. But he recognises that economic hardship has taken its toll. “Commercially, it has made us more risk-averse,” he admits. “I know that some promoters and organisers are struggling to get advances as the ticketing industry becomes more cautious.

“The reality of the liabilities that ticket companies carry in the event of cancellation has really hit home during the pandemic and that will reflect attitudes and commercial decisions going forward, particularly for new promoters and event organisers,” he warns.

“Over 70% of eventgoers would be more encouraged to attend an event if it had a cashless system”

The advantages of digital tickets are crucial to Fair Ticket Solutions, whose founder & CEO, Alan Gelfand, notes, “The need to know the identity of every attendee has finally come to fruition. This will ultimately move the industry to a futuristic goal of some form of biometrics becoming an attendee’s ticket, such as their face or palm. Additionally, an attendee’s health status will now have to be linked to their ticket or else physical checks will still have to be applied at gate entry causing delays nobody wants.”

While debates over biometric tickets will be a feature of industry conferences in the months ahead, the pandemic has also caused untold financial damage to the ticketing sector, meaning that some of the smaller operators, in particular, may not re-emerge.

“The pandemic has weakened the players who were in a more challenging position, notably in terms of cash flow,” states Weezevent CEO Pierre-Henri Deballon. “It also highlighted the difficulties of some players in managing high-volume refunds, while it has underlined the advantages of having access to more flexible and adaptable technology like Weezevent.”

Benjamin Leaver, CEO, Event Genius & Festicket, claims that event organisers who adopt contactless and cashless technology will benefit. “A survey we did recently revealed that over 70% of eventgoers would be more encouraged to attend an event if it had a cashless system,” says Leaver, citing his company’s own egPay system.

“Beyond that, we’ve seen a definitive rise in the usage of alternative payment methods, such as our payment plans and Pay with Friends feature. These allow customers to reduce immediate costs, allowing them to purchase more events at one time, and also goes hand in hand with the increase in average order value.”

“Much intellectual property has left the industry as a result of ticketing companies downsizing their workforces”

While Dice president Russ Tannen points to the adoption of live-streaming as a direct result of lockdown restrictions, at AXS, director of ticketing Paul Newman cites four fundamental Covid factors: purchase patterns have altered, with last-minute bookings having increased; the increase in the uptake of ticket insurance; the need for increased levels of communication to customers, such as Covid protocols and other advance show information; and the acceleration of the move to digital tickets and contactless venues.

“We have seen a strong migration to timed entry ticketing for museums and attractions as well as digital tickets and hands-free check in,” affirms Steven Sunshine, CEO of California-based TixTrack.

Across the Pacific, in Hong Kong, Martin Haigh at Total Ticketing is counting the casualties. “Ticketing companies that are part of larger integrated companies have appeared to have weathered the storm more easily. That being said, we’ve seen conglomerates in Thailand, Japan, and Korea look to sell their ticketing divisions – something that has never been on the cards in living memory,” he observes.

“Much intellectual property has left the industry as a result of ticketing companies downsizing their workforces. Independent ticketing companies have looked for bridging loans or investment to remain afloat. Many have pivoted towards livestreaming; many have looked at ancillary revenue streams more closely with things like ticket insurance and ‘buy now, pay later’ being pushed very hard during the check-out process.”

One company noticing a surge in interest is TicketPlan, which offers ticket protection services. “Attachment rates for ticket protection and insurance will continue to be high, as ticket buyers now understand the potential risk of being unable to attend and will continue to purchase products such as TicketPlan on a wider range of bookings,” comments company CEO Ben Bray.

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