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Posted on 1/31/18 at 4:16 pm to deeprig9
Thanks dude: I knew there had to be more to it in airports. Stadiums are all centerplate basically so they can name their price
This post was edited on 1/31/18 at 4:17 pm
Posted on 1/31/18 at 4:27 pm to TulaneFan
Where did you get your economics degree?
Posted on 1/31/18 at 4:32 pm to TulaneFan
quote:
supply in demand
That's not how this works.
Posted on 1/31/18 at 4:38 pm to Croacka
quote:
i'm curious to see how MB Stadium in atlanta is doing with sales. I remember they were supposed to make concession prices extremely reasonable
They did very well. Cut prices on non alcoholic beverages and food by 50% from the Georgia Dome prices, but revenues per fan increased 16%.
ETA LINK
This post was edited on 1/31/18 at 4:40 pm
Posted on 1/31/18 at 4:38 pm to Croacka
quote:
i'm curious to see how MB Stadium in atlanta is doing with sales. I remember they were supposed to make concession prices extremely reasonable.
50% drop in prices, ~20% more revenue per game. From an article I read last week (but cannot currently locate)
ETA- what slackster said
This post was edited on 1/31/18 at 4:39 pm
Posted on 1/31/18 at 4:40 pm to TulaneFan
quote:Inflation...uhh...definitely inflation...yea, I feel good about going with inflation.
Is this inflation or are these places just trying to capitalize on supply in demand?
Posted on 1/31/18 at 4:43 pm to TulaneFan
Elasticity of supply
Posted on 1/31/18 at 4:45 pm to slackster
quote:
They did very well. Cut prices on non alcoholic beverages and food by 50% from the Georgia Dome prices, but revenues per fan increased 16%.
Wonder how the profit compared though? That’s what most owners will be concerned about.
Posted on 1/31/18 at 4:46 pm to Croacka
quote:
m probably in the minority, but i usually refuse to pay for beer at sporting events, concerts, and airports i may sound cheap, but having a beer isn't worth 10 bucks even though i could afford it if beers were 4 bucks, i'd probably have 3 or 4 though
Those are probably the top 5 best places to drink. If I have money invested in a concert, a game or a flight for vacation I'm going to enjoy it as much as possible and drinking adds to that enjoyment.
Posted on 1/31/18 at 4:47 pm to LNCHBOX
quote:
Captive audience.
/thread.
They do it because they can.
Posted on 1/31/18 at 4:54 pm to Peazey
Higher prices = more profit.
I know that's a complicated concept for some people.
Posted on 1/31/18 at 4:55 pm to TulaneFan
At the Masters In Augusta, beers and food items are all about 2 to 4 dollars each. Eat and drink like a king all day for 30 bucks
Masters Menu
They have no interest in making money off patrons. Only enough to cover item costs and paying the staff. It’s all about the experience. I wish more venues and events would take that approach. But with these greedy comapanies like Centerplate and Aramark at a most large venues, it’s just not gonna happen.
I still but I’ll still buy the 13 dollar Strawgator or CC IPA at the dome because I’m forced to or not have beer.
Masters Menu
They have no interest in making money off patrons. Only enough to cover item costs and paying the staff. It’s all about the experience. I wish more venues and events would take that approach. But with these greedy comapanies like Centerplate and Aramark at a most large venues, it’s just not gonna happen.
I still but I’ll still buy the 13 dollar Strawgator or CC IPA at the dome because I’m forced to or not have beer.
This post was edited on 1/31/18 at 4:58 pm
Posted on 1/31/18 at 5:01 pm to GeauxTigers80
quote:
They have no interest in making money off patrons.
They need to get this message over to the pro shop then!
Posted on 1/31/18 at 5:05 pm to elposter
quote:
Wonder how the profit compared though? That’s what most owners will be concerned about.
It's a piece of the puzzle. Fan experience went way up. Merchandise sales were up 88%. Etc. Blank thinks it will lead to higher season ticket sales and whatnot.
Posted on 1/31/18 at 5:07 pm to TulaneFan
Do you really need us to teach you the basics of how the economy works?
Posted on 1/31/18 at 5:09 pm to elposter
Found on the Masters site, pretty standard department stores prices not outrageous unless you’re OT poor.
Baseball Caps - $20 and up
Bag towels - $14 and up
T-shirts - $29.50 and up
Polo shirts - $69 and up (Bobby Jones brand most expensive)
Balls - $44 for dozen, $11 for sleeve of 3
Umbrella - $45
Baseball Caps - $20 and up
Bag towels - $14 and up
T-shirts - $29.50 and up
Polo shirts - $69 and up (Bobby Jones brand most expensive)
Balls - $44 for dozen, $11 for sleeve of 3
Umbrella - $45
This post was edited on 1/31/18 at 5:10 pm
Posted on 1/31/18 at 6:13 pm to GeauxTigers80
quote:
Found on the Masters site
The what now? I’m talking about the actual Masters merchandise you buy at the pro shop. What website are you buying second hand stuff off of?
Posted on 1/31/18 at 6:14 pm to TulaneFan
Tulane’s finest everyone
Posted on 1/31/18 at 6:23 pm to TulaneFan
quote:
are these places just trying to capitalize on supply in demand?
While everyone has echoed that this is basically the only reason keep in mind both venues have an interest in their customers not getting sloppy drunk. Airports and stadiums would rather sell you three beers for $10 profit than six beers for the same $10 profit.
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