The latest data from a trade association reveals that ticket prices for Broadway shows have hit a new record high. According to the Broadway League, last season saw average ticket prices exceed $128, representing a $5 increase since before the pandemic.
This surge in ticket prices can be attributed to various factors, such as escalating production costs, the allure of celebrity headliners, and the basic principles of supply and demand. It seems that audiences are willing to shell out more money for premium seating in order to have the best possible experience at a Broadway show.
Popular productions like The Lion King, Wicked, and Hamilton now start at around $115 to $125 per ticket, excluding additional fees. This trend highlights the enduring appeal and value that Broadway entertainment holds for audiences, despite the increasing costs associated with attending these shows.
Source link
/cdn.vox-cdn.com/uploads/chorus_asset/file/25633309/1421761326.jpg?w=1024&resize=1024,1024&ssl=1)
