Well increased gas prices will eventually work their way into standard cost of living increases in the U.S. salary scale infrastructure, though I think you will see more people forced to car pool or take public transportation and demand will increase those industries as well.
Theatre has always been a "luxury item." And people have been bitching about the cost of theatre prices since the Old Globe. You and I may not be able to pay 150 or 200 dollars for ticket prices but there apparently are people who can: how can people afford to go to Vegas and pay 200 to see Celine Dion? They save and plan. Most of the full price tickets are being purchased by tourists anyway. It's too bad for us the dollar is so weak in the global economy right now.
But, and nobody is really talking about this, one reason why Broadway ticket prices continue to rise is that most people do no buy full price tickets. Half the shows on Broadway sell the majority of their seats to group sales and TKTS. All you have to do is look at weekly Broadway grosses to see that the top ticket price may be 100, but the average ticket price for most shows is about 60-70 dollars. Producers have to take their profit after discounts into consideration when setting full price ticket prices.
Updated On: 8/10/06 at 09:12 PM