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Ticket Exchange
A ticket exchange, also known as a secondary ticket outlet, is a market where tickets are bought and sold. Ticket exchanges allow people to buy and sell tickets online. Typically, ticket exchanges are used by individuals wanting to buy or resell tickets from other individuals rather than from the event the ticket is for. Originally, this industry was dominated by street-based touts working outside large events and venues, buying tickets cheaply from people who had spares and selling them on to last-minute buyers. While some street touts may still exist, the advent of the internet has transformed the practice. Secondary markets today are predominantly online. There are two niches of ticket exchanges, also called secondary marketplaces: event tickets and travel reservations. Ticket exchange in events The event ticket exchange business is predominantly dominated by Viagogo, alongside its long-time rival StubHub which it merged with in 2021. Among these big online ticket marketplaces, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ticket (admission)
A ticket is a voucher that indicates that an individual is entitled to admission to an event or establishment such as a theatre, amusement park, or tourist attraction, or has a right to travel on a vehicle, such as with an airline ticket, bus ticket or train ticket. An individual typically pays for a ticket, but it may be free of charge. A ticket may serve simply as proof of entitlement or reservation. A ticket may be valid for any seat (called "free seating" or "open seating") or for a specific one (called "allocated seating" or "reserved seating"). Overview Members of the public can buy a ticket at a ticket window or counter, called a box office in the entertainment industry (this term is also used for the total receipts), or in some cases online or by telephone. The ticket check may also be located at the box office, or it may be elsewhere. Tickets may also be available from resellers, which typically are commercial enterprises that purchase tickets in bulk and resell ... [...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] |
Tout
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] |
Secondary Market
The secondary market, also called the aftermarket and follow on public offering, is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold. The initial sale of the security by the issuer to a purchaser, who pays proceeds to the issuer, is the primary market. All sales after the initial sale of the security are sales in the secondary market. Whereas the term primary market refers to the market for new issues of securities, and " market is primary if the proceeds of sales go to the issuer of the securities sold," the secondary market in contrast is the market created by the later trading of such securities. With primary issuances of securities or financial instruments (the primary market), often an underwriter purchases these securities directly from issuers, such as corporations issuing shares in an IPO or private placement. Then the underwriter re-sells the securities to other buyers, in what i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Viagogo
Viagogo, stylized by the company as viagogo, is a multinational ticket exchange and ticket resale brand. It is headquartered in the United States and owned by StubHub Holdings. It was founded in 2006 by Eric Baker, the co-founder of StubHub. Viagogo is backed by venture capital investment firm Index Ventures as well as Brent Hoberman, the co-founder and former CEO of lastminute.com, and Jacob Rothschild, 4th Baron Rothschild. In February 2020, it acquired StubHub. The company has been criticized for inflation via ticket resale, lacking transparency, and in some cases, having sold counterfeit tickets. These controversies have led to legal action in some of the countries where Viagogo operates, and also led the UK Competition & Markets Authority to order changes to Viagogo's operations. History Viagogo was founded in 2006 in London by Eric Baker, the co-founder of US-based StubHub. It was established to provide an online marketplace that allows consumers to buy and sell tickets ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
StubHub
StubHub is an American ticket exchange and resale company. It provides services for buyers and sellers of tickets for sports, concerts, theater, and other live entertainment events. It is the world's largest ticket marketplace. While the company does not currently disclose its financials, in 2015 it had over 16 million unique visitors and nearly 10 million live events per month. StubHub was founded in 2000 by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. In 2007, StubHub was acquired by eBay for $310 million. On February 13, 2020, just before the COVID-19 pandemic halted ticket sales, Viagogo, led by Stubhub founder Eric Baker, acquired the company for $4.05 billion. History 2000-2007 StubHub was founded in San Francisco, United States in 2000 by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. One of its first major sports deals was with the Seattle Mariners in 2001. Bake ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marketplace
A marketplace or market place is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a '' souk'' (from the Arabic), '' bazaar'' (from the Persian), a fixed '' mercado'' ( Spanish), or itinerant '' tianguis'' (Mexico), or '' palengke'' (Philippines). Some markets operate daily and are said to be ''permanent'' markets while others are held once a week or on less frequent specified days such as festival days and are said to be ''periodic markets.'' The form that a market adopts depends on its locality's population, culture, ambient and geographic conditions. The term ''market'' covers many types of trading, as market squares, market halls and food halls, and their different varieties. Thus marketplaces can be both outdoors and indoors, and in the modern world, online marketplaces. Markets have existed for as long as humans have engaged in trade. The ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TheGuardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Markup (business)
Markup (or price spread) is the difference between the selling price of a good or service and cost. It is often expressed as a percentage over the cost. A markup is added into the total cost incurred by the producer of a good or service in order to cover the costs of doing business and create a profit. The total cost reflects the total amount of both fixed and variable expenses to produce and distribute a product. Markup can be expressed as a fixed amount or as a percentage of the total cost or selling price. Retail markup is commonly calculated as the difference between wholesale price and retail price, as a percentage of wholesale. Other methods are also used. Price determination Profit *Assume: Sale price is 2500, Product cost is 1800 :Profit = Sale price − CostFarris P.W., Bendle N.T., Pfeifer P.E. and Reibstein D.J. (2010). Marketing metrics : The Definitive Guide to Measuring Marketing Performance, Pearson Education. :700 = 2500 − 1800 Markup Below shows markup as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Package Holidays
A package tour, package vacation, or package holiday comprises transport and accommodation advertised and sold together by a vendor known as a tour operator. Other services may be provided such as a rental car, activities or outings during the holiday. Transport can be via automobile, buses, charter airline, and may also include travel between areas as part of the holiday. Package holidays are a form of product bundling. Package holidays are organised by a tour operator and sold to a consumer by a travel agent. Some travel agents are employees of tour operators, others are independent. History Organised tours The first organised tours dated back to Thomas Cook who, on 5 July 1841, chartered a train to take a group of temperance campaigners from Leicester to a rally in Loughborough, eleven miles away. By 1872 he was undertaking worldwide tours, albeit with small groups. His company, Thomas Cook & Son (commonly called Thomas Cook or simply "Cook's"), grew to become one of the larg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spiv
In the United Kingdom, the word spiv is slang for a type of petty criminal who deals in illicit, typically black market, goods. The word was particularly used during the Second World War and in the post-war period when many goods were rationed due to shortages. According to Peter Wollen, "The crucial difference between the spiv and the classic Hollywood gangster was the degree of sympathy the spiv gained as an intermediary in the transfer of black market goods to ... a grateful mass of consumers."Peter Wollen (2002) ''Paris Hollywood - Writings on Film'' pp185–6 Origins The origin of the word is obscure. According to Eric Partridge the word was originally racecourse slang, but had become widely accepted by 1950. It appeared in a paperback crime novel in 1934.Axel Bracey (1934) ''School for Scoundrels'' (Rich and Cowan) The ''Oxford English Dictionary'' states that it may come from: *''spiffy'', meaning smartly dressed; *'' spiff'', a bonus for salespeople (especially ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
