Blog: Entertainment
Sporting events and concerts bring together people from diverse backgrounds in shared moments of joy, passion, and cultural expression. How can technology elevate these experiences by eliminating bottlenecks and limitations?
In an era marked by the relentless pursuit of innovation, AS Monaco Basket and Wiremind are set to redefine the sports industry's ticketing landscape. Driven by the desire to deliver an unparalleled fan experience, the eminent European basketball club has now partnered with Wiremind.
Ticket revenue is a major source of income for the sports and event industries. Revenue generated from ticket sales supports event organization, athlete payments, infrastructure development, and overall sustainability. Therefore, mastering the art of ticket pricing i.e.
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Ticketing managers are constantly faced with the challenge of providing seamless experiences to fans while also optimizing revenue. It is a delicate balance that requires a deep understanding of customer behavior and dynamic pricing strategies.
Achieving 2023 Ticketing Goals: The Role of RM in the Sports and Event Industries
In the fast-paced and ever-evolving world of sports and events, Revenue Management (RM), or Yield Management, can play a crucial role in driving profits, maximizing revenue, and boosting occupancy rates.