Tualatin, United States – October 29, 2019 / Growth Untapped /

Much like the music industry, the ticketing industry has undergone radical transformation driven by technological advances, social media and close association between promoters and customers. The entire ticketing industry has shifted to online channels making all other traditional offline outlets and at-home printing near non-essential.

As it stands, the online ticketing industry has grown to such a huge size that revenue from the event ticket segment has reached USD 73 billion in 2019. This market is scaling very fast at a rate of 9.4% estimated to reach USD 105 billion by 2023. Music and sports events are the leading segments driving these huge sales.

Such fast year on year growth has led the venues and the online ticket sale companies upgrading their digital platforms providing better functionality and ease of use for the customers.

Online Buyers vs Offline Buyers

There is a distinct buying behavioral pattern in consumers coming from online channels vs traditional offline channels. According to a December 2017 McKinsey report, millennials spend 60 percent more on live experiences than Gen Xers.

Moviegoers purchasing their tickets online are more likely to attend in a group, buy upgrades to premium seating. A Webedia Movies Pro commissioned survey found that online purchasers of movie tickets are 2.1x more likely to buy concessions and 1.7x more likely to buy a meal compared to offline ticket purchasers.

These consumer patterns are making all companies invest heavily in online ticketing platforms.

The Onset of Digital Secondary market

While the primary market is going through huge digital upgradation, the secondary market is also getting a lot of attention from some players on the marketplace. The secondary ticket market is where tickets can be resold after the original purchase from the primary source.

Last-minute markets always existed for buying genuine event tickets. In the pre-internet era, this was contained to street corners and local brokers, and after the arrival of the internet, ticket purchases were partly done on online classified sites.

Businesses like Tixtips are consolidating the secondary market under one roof making all sorts of tickets and passes available on their site.

Tixtips Connecting Buyers and Sellers – Buy Tickets Online

Tixtips is one of the biggest online resale marketplaces for all kinds of event: theater, concerts, and sports tickets. A resale website such as Tixtips brings the buyer and seller together where tickets can be bought and sold. You can purchase passes, buy event tickets from other people on Tixtips, sometimes even at a price below face value.

Tixtips executive Victor Palmer says “We source tickets from the secondary market and we have the knowledge and skill to get you the tickets for sport events near you at the price you want. Our unique ticket search enables venue map-based booking along with artist, team or event name and helps in getting great tickets that are seated together. Our newsletter subscribers rave about our frequently run discounts, coupons and ticket specials. “

Tixtips offers 100% guarantee on tickets purchased on their platform. For your next search for events, concerts in your hometown, or theater performances in your area, check out the online inventory of Tixtips.com.

Contact Information:

Tixtips

11407 SW Amu street
Tualatin, OR 97062
United States

Victor Palmer
(844) 532-7140
https://tixtips.com/