Bandsintown surveyed 2200 of their 75 million registered users to see if live music remains a priority for them despite higher ticket prices, inflation, and fears of a recession.
The results were decisive and offered hope for touring musicians battered by the same economic conditions.
86.5% of fans surveyed said they would be attending more or the same number of shows in 2023, with about half of the respondents (49.5%) saying they plan to attend more concerts than in 2022, according to the Bandsintown fan survey.
Eating out and other entertainment may suffer
Cutting back on other spending to see their favorite artists is a “no-brainer” for 86.9% of fans. Dining out was the first to go for the surveyed fans, followed by new clothing, streaming services, and travel.
Of the 13.5% who said they anticipated going to fewer shows, high ticket prices were the top reason (50.2%), with inflation/fear of recession second (19.8%) and their favorite artists not touring this year (17.7%) third.
Bruce Houghton is the Founder and Editor of Hypebot and MusicThinkTank, a Senior Advisor at Bandsintown, President of the Skyline Artists Agency, and a professor for the Berklee College Of Music.
