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Some concert venues, theme parkAnd sporting events are taking a hit as more and more Americans decide to save a few bucks by staying in.
as cost continue to grow inflation and the president Donald Trump’s TariffPeople are taking strict action on non-essential things eating out, Holiday And Entertainment,
on friday, stubhub – A Ticket marketplace for sports, concerts and theater – Saw its share price drop 24 percent after the company spooked investors by refusing to provide financial guidance for the remainder of the quarter.
CEO Eric Baker stressed that Demand for live event “Unprecedented” and said the company will offer 2026 guidance in the next quarter. Baker cited the company’s “long-term focus”, while the chief financial officer, Connie James, said that changes to normal touring schedules meant the company would have to wait for more information.
“Many of the larger tours that would typically come on sale in the fourth quarter were earlier in late September,” James said. “It remains to be seen how the sales dynamics of this concert play out in November and December.”
Independent StubHub has been contacted for comment on ticket sales.
Last week, United Parks & Resorts, parent company of SeaWorld, Busch Gardens and Sesame Place parks, said Some of its parks have seen decline in attendance and revenue this quarter.
“Obviously we’re not happy with the results we delivered in the quarter,” United CEO Mark Swanson said during the call. “The consumer environment in the US appears to be inconsistent, as highlighted by many other leisure and hospitality businesses. Nevertheless, we can expect to do better.”
United’s share price was down about 43 percent over the past year invest.com analysis,
Swanson partly blamed poor weather on key summer holiday dates, but a recent Deloitte survey revealed the problem was more widespread.
Multinational Professional Services Network released this 2025 leisure travel survey and found that 54 percent of respondents planned to travel for the winter Holidays, their average budget is $2,334, down 18 percent from last year. Gen Z travelers are planning to cut back even more, reducing their travel budget by 31 percent compared to last year.
About 31 percent of respondents also said their overall financial situation was worse by 2024 than before — up from 26 percent surveyed by Deloitte last year.
In May, Chartmetrics, a music business analytics company, issued a report 2024 sees a significant reduction in the number of artists on tour. The report blamed rising travel and accommodation costs for artists, lower ticket sales for some shows and a significant increase in visa application fees for foreign musicians coming to the US, which rose from $460 in 2023 to $1,615 last year.
However, Live Nation, a large-scale live event production and ticketing company, reported in May that stadium ticket sales from January to mid-April had increased by 80 percent year-over-year. worldwide music businessThat report supports Baker’s comments that live events are still a draw, even as Americans cut back in other areas,
For some Americans, there’s no stopping them from doing what they love, despite financial adversity.
country music star zach bryan Set all-time American attendance record for a ticketed concert in late September after selling 112,408 tickets for a show at Michigan Stadium in Ann Arbor. The cheapest ticket for that show was $100.