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Touts
A tout is any person who solicits business or employment in a persistent and annoying manner (generally equivalent to a ''solicitor'' or ''barker'' in American English, or a '' spruiker'' in Australian English). An example would be a person who frequents heavily touristed areas and presents himself as a tour guide (particularly towards those who do not speak the local language) but operates on behalf of local bars, restaurants, or hotels, being paid to direct tourists towards certain establishments. Types In London, the term "taxi touts" refers to a kind of illegal taxicab operation which involves taxi drivers (or their operator) attracting potential passengers by illegal means—for instance, calling out travellers, or fetching them and their luggage, while parked in an area where taxi drivers must wait in their vehicle. They may charge exorbitant fees upon arrival, possibly using threats to ensure payment. "Ticket tout" is a British term for a scalper, someone who engages i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ticket Resale
Ticket resale (also known as ticket scalping or ticket touting) is the act of reselling tickets for admission to events. Tickets are bought from licensed sellers and then sold for a price determined by the individual or company in possession of the tickets. Tickets sold through secondary sources may be sold for less or more than their face value depending on demand, which tends to vary as the event date approaches. When the supply of tickets for a given event available through authorized ticket sellers is depleted, the event is considered "sold out", generally increasing the market value for any tickets on offer through secondary sellers. Ticket resale is common in both sporting and musical events. Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term ''scalper'' was applied to railroad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
