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According to Agence France-Presse, the operating costs of performance venues in the UK have risen sharply due to the continuous rise in prices. Last year, more than a third of private venues in the UK chose to close their doors. Some venue operators said that even if all the tickets for the show are sold out, they will still face a situation where they will not be able to make ends meet.
One night in May, it was night in London, England, and a concert hall in east London was already full, but the head of the concert hall, Foxcroft, was not happy. According to him, the cost of doing business is now about 15% higher than before the pandemic. On the other hand, sales at the site fell by about 20%, and the operation was under great financial pressure.
Olon Foxcroft, head of a concert hall in London, UK: Even if you sell out of tickets, you may still lose money, the problem is that the cost is increasing and people's willingness to spend is decreasing.
In the operation of a performance venue, most of the proceeds from tickets do not go to the venue, but to the performers. Operators mainly rely on the sale of food, alcoholic beverages and merchandise to make profits. Beer has been a bestseller in UK venues before, but now that the audience is getting younger and their consumption habits are different, beer sales are significantly lower than those of older generations.
INDY FUSS: Personally, I'm reluctant to buy alcohol, I think it's expensive, and I've been spending less on leisure and entertainment in recent years, and I'd rather spend it on food than going out at night.
According to data from the British Performance Venues Industry Association, about 38% of performance venues in the UK lost money last year due to the increase in energy, rent, interest and other expenses, and the profit margin of venues that can maintain profitability is only about 0.5%. More than a third of the 125 private performance venues had to be closed due to cost concerns, including some well-known theatres and concert halls.
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Editor: Dong Lindan