86% of fans won’t cut concerts despite high ticket prices & inflation, Bandsintown survey reveals
Bandsintown surveyed 2200 of their 75 million registered users to see if live music remains a priority for them despite higher ticket prices, inflation, and fears of a recession.
The results were decisive and offered hope for touring musicians battered by the same economic conditions.
86.5% of fans surveyed said they would be attending more or the same number of shows in 2023, with about half of the respondents (49.5%) saying they plan to attend more concerts than in 2022, according to the Bandsintown fan survey.
Cutting back on other spending to see their favorite artists is a “no-brainer” for 86.9% of fans. Dining out was the first to go for the surveyed fans, followed by new clothing, streaming services, and travel.
Of the 13.5% who said they anticipated going to fewer shows, high ticket prices were the top reason (50.2%), with inflation/fear of recession second (19.8%) and their favorite artists not touring this year (17.7%) third.
Bruce Houghton is the Founder and Editor of Hypebot and MusicThinkTank, a Senior Advisor at Bandsintown, President of the Skyline Artists Agency, and a professor for the Berklee College Of Music.