Taylor Swift's tour could generate economic activity worth a whopping 5 billion dollars. Wall Street Journal is calling 2023 the year of the $1000 concert ticket. Ticketmaster said Taylor Swift would have to perform a stadium show every single night for the next 1000 days just to meet this demand. If you try and compare the prices of Taylor Swift's tickets for her tour to Australia in 2018 versus the one scheduled for 2024, you will see that ticket price inflation has outpaced general inflation.
In today’s episode for 23rd June 2023, we explain why concert ticket prices might seem to be getting more and more expensive each year.