Connect with us

World

Global Online Event Ticketing Industry to Reach Over US$34.3 Billion by 2025

mm

Published

on

In a global report on the online ticketing market, it has been found that the global online event ticketing industry is expected to witness huge growth over the next few years. Various major regions of the world such as Europe, the USA, and the Asia Pacific countries are covered in the report. The advancement in technology is the major reason responsible for the high growth in this sector in the years to come.

The online event ticketing market worldwide is going to witness a compound growth of 4.6% to enable it to grow by US$17.4 Billion. Out of all the different categories of events, the highest share of online tickets is enjoyed by music events. And music events show the potential to grow at over 4.5%. The global online event ticketing industry is going to reach over US$34.3 billion by the year 2025 and it will give new opportunities to businesses to witness excellent growth.

More people are purchasing their event tickets online due to the facility to buy tickets at any time. With increasing internet penetration, it has become possible for every person to select his favorite seat in a theatre with a click of a few buttons. In the US, there is a huge demand for the online ticketing in majestic theatre in San Antonio as people are visiting its online platform to buy tickets for various events. Since the websites or portals are opened anytime, it is possible for everyone to buy tickets for events from any location in the world.

One can choose one’s seats at events as per the different prices available on the official websites of different theaters. It is possible to see the available seats on smartphones before bookings and it makes it possible for everyone to do so without visiting the event theaters. Another benefit of using an online event ticketing system is that it helps a person to compare the prices of different tickets on different platforms on their smartphones with ease. This makes it possible for a person to buy discounted tickets without any difficulty.

In addition to this, online ticket booking platforms also give an opportunity for different event managers to promote their event online among people. Many businesses advertise their products and services online on ticket booking platforms to reach a high volume of the audience. The United States is expected to witness a growth of 3.6% and Europe will also contribute to the growth of online ticketing platforms to a significant level. In Europe, Germany will contribute US$616.4 Million over the next 5-6 years and around US$506 million worth of projected demand will come from the rest of the European regions.

The availability of quality services at events has also been a prominent factor in the growth of the online ticketing market across the globe. Music events will be the major contributor to the growth in this sector. Japan will reach the market size of US$1.8 Billion and China is expected to grow at 7.2% over the next couple of years. The content-based events have made it possible for people to come out of their houses in order to watch their favorite shows across the world by booking event tickets online.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

World

Top Road Trip Destinations in Canada

mm

Published

on

Did you know that 1.93 million Americans traveled to Canada in 2020? That number was down year-over-year due to COVID-related travel restrictions. 

While some Americans visit the Great White North via plane, others prefer road trips. It can be fun to plan an itinerary, book a hotel, pack the luggage, load your family into the car, and head to the border. But if a road trip to Canada is in the plans for you and yours this summer, what Canadian destinations are worth the potentially thousands of miles of driving? Keep reading to learn about the top road trip destinations in Canada.

Grasslands National Park in Saskatchewan

Grasslands National Park is one of Canada’s 44 national parks and park reserves. Whether you’re an earlier bird or a night owl, the national park in Southern Saskatchewan provides an ideal prairie landscape. It’s the perfect place to unwind, immerse yourself in nature, and recalibrate your life.

Enjoy the great outdoors on a campsite, or take part in hiking adventures by exploring trails. The solitude and breathtaking beauty of this national park will leave you in awe. Make time for the Ecotour Scenic Drive. It’s about 20 km (around 12.5 miles) long and will take one to three hours to complete depending on your pace. 

Toronto to Stratford, Ontario

If there’s one Canadian city most Americans have heard of, it’s Toronto. Toronto, the capital of Ontario, is the fourth largest city on the continent. It’s also home to the only authentic castle in North America. Casa Loma, located in midtown Toronto, is worth the visit. So, too, is the CN Tower, which is the biggest free-standing structure in the Western Hemisphere. The city also has citizens representing 200+ ethnic groups. 

While there’s plenty to see and do in Toronto, why stop there? It’s a good idea to include a Toronto-to-Stratford excursion while on your road trip to Canada. You must travel 150 km (about 93 miles ) west to get to Stratford. You’ll see Victorian architecture and get to take in the live theater. Most Americans probably haven’t heard of Stratford before. But when you come for a visit, there’s a good possibility you won’t ever forget it.

North Cape Coastal Drive, Prince Edward Island

If you haven’t ever taken a road trip to Prince Edward Island, you don’t know what you’re missing. It’s Canada’s smallest province, but it sure offers a boatload of fun. Are you a foodie or do you like to indulge in the local cuisine when traveling? Check out the western peninsula. You can delight your tastebuds with the range of food available. 

Make time to visit the Canadian Potato Museum in the province. After taking in the sites and attractions at the museum, enjoy a meal at the onsite PEI Potato Country Kitchen. The menu has items like the chili topped baked potato, which features a baked potato, homemade chili, and cheese. Meanwhile, the pulled pork potato features a baked potato topped with pulled pork, cheese, and sour cream on the side. That’s just a sampling, and all baked potato dishes are served with fresh-cut, homemade chips.

If you’re intersted in a U.S. to Canada road trip this year, the options above will give you some ideas. The sky’s the limit since there’s so much to see and do. 

You’ll want to ensure your vehicle is in good working order to avoid breakdowns. You’ll also want to stay alert on the road since you’ll be traveling a lot of miles and spending hours behind the wheel of your car. 

If you get into an accident, you must know what to do. In addition to reporting the accident, calling your insurer, and possibly even booking a rental car to complete your road trip, you’ll want to contact a personal injury lawyer if anyone is injured. 

No one wants to consider accidents or injuries when on a road trip. But it’s best to hope for the best while being prepared for the worst. You’ll enjoy the journey and the destination a lot more when you’ve done everything possible to prepare for any possible issues.

Continue Reading

Trending