Events are a reasonable luxury compared to vacations and that’s why fans enthusiasm and capability to purchase events tickets is deeply influenced by their disposable income but the context is little different for the United States. Except for the recession period (2009-2010), Americans have always openly expressed their love for live entertainment and this drive industry revenue growth at an estimated annualized rate of 1.0% to $22.9 billion over the four years to 2012 and it is expected to grow at an average annual rate of 3.0% to $26.5 billion over the five years to 2017.
Additionally, there are many alternate sources of revenue like merchandise, food, beverages, sponsorship, artist services and other factors which are associated with events, which help event presenters to generate more profit from a single event. Factors, such as merchandise, food and beverages, are expected to continue to rise as per capital disposable income growth begins to pick up in 2014.
Yapdosy is also helping this event industry to grow by creating new ways to sell more tickets and by providing opportunities to generate more revenue. Yapsody is a FREE friendly online ticketing system, that’s mean now fans can buy event tickets without paying any convenience fee, ticketing fee, print at home fee etc.
Yapsody encourages all event presenters to use our online event ticketing system when selling tickets for all their future events because buying event tickets without any extra fee is the biggest incentives for fans and it will definitely draw their attention to buy more event tickets, which eventually help event presenters to generate more money.