Event Ticket Industry Market Set to Witness Explosive Growth by 2030

  Global Event Ticket Industry Market  anticipated to grow 1.5x by the end forecast period with a CAGR of over 6% during the forecast period (2022 to 2030). According to industry representatives, tickets of popular events sold on the primary market are sometimes priced below the market price, partly because performers want to make tickets affordable and maintain fans' goodwill. On the secondary market, tickets are frequently resold for more than face value. Primary and secondary market ticketing companies charged total fees averaging 27 percent and 31 percent of the ticket price, respectively, in a nongeneralizable sample of events reviewed by GAO. COVID-19 has affected the global economy in three ways: by directly affecting production and demand, creating supply chain and market disruption, and its financial impact on firms and financial markets. COVID-19 outbreak has brought effects on many aspects like flight cancellations, travel bans and quarantines restaurants closed all...