As a music industry expert with years of experience, I have witnessed the fluctuations in concert ticket prices. When it comes to concerts in Denver, CO, there are several factors that can influence the average cost of a ticket.
The Popularity of the Artist
One of the biggest factors that can impact the cost of a concert ticket in Denver is the popularity of the artist. If a well-known and highly sought after artist is performing in Denver, you can expect ticket prices to be higher than usual. This is because there is a high demand for tickets and the artist knows they can charge more for their performance. For example, when Taylor Swift performed at the Pepsi Center in Denver in 2018, tickets ranged from $50 to $500.This is significantly higher than the average cost of a concert ticket in Denver.
The Venue
The venue where the concert is being held also plays a role in determining ticket prices. Larger venues with more seating capacity tend to have higher ticket prices compared to smaller, more intimate venues. This is because larger venues can accommodate more people, which means more potential ticket sales for the artist. In Denver, some popular concert venues include the Pepsi Center, Red Rocks Amphitheatre, and the Fillmore Auditorium. These venues have different seating capacities and amenities, which can affect the cost of tickets.The Type of Concert
The type of concert being held can also impact ticket prices.For example, a general admission standing room only concert will typically have lower ticket prices compared to a seated concert with assigned seats. This is because standing room only concerts allow for more people to attend and therefore, more potential ticket sales. Additionally, concerts that are part of a larger tour or festival tend to have higher ticket prices. This is because the artist may have to split profits with other performers and organizers, which can drive up the cost of tickets.
The Time of Year
The time of year can also affect the average cost of concert tickets in Denver. During peak concert season, which is typically in the summer months, ticket prices tend to be higher.This is because more people are attending concerts and there is a higher demand for tickets. On the other hand, during slower months, ticket prices may be lower as there is less competition for ticket sales. For example, concerts in Denver during the winter months may have lower ticket prices compared to concerts in the summer.
The Resale Market
Another factor that can impact the average cost of concert tickets in Denver is the resale market. When tickets sell out quickly or are in high demand, some people may turn to resale websites such as StubHub or SeatGeek to purchase tickets at a higher price. This can drive up the average cost of concert tickets as people are willing to pay more for a sold-out show. However, it's important to note that purchasing tickets from the resale market can come with risks such as fraudulent tickets or overpriced tickets.The Average Cost of Concert Tickets in Denver
So, what is the average cost of a concert ticket in Denver? According to data from Statista, the average price for a concert ticket in Denver in 2019 was $94. This is slightly higher than the national average of $91. However, it's important to keep in mind that this is just an average and ticket prices can vary greatly depending on the factors mentioned above.For example, a general admission ticket to a smaller concert at the Fillmore Auditorium may only cost $30, while a VIP ticket to a popular artist at the Pepsi Center can cost upwards of $500.
