Event Tickets - Costa Rica

Costa Rica

Highlights

Revenue in the Event Tickets market is projected to reach US$38.79m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.21%, resulting in a projected market volume of US$42.33m by 2028.
The Music Events market has a projected market volume of US$17.27m in 2024.
In global comparison, most revenue will be generated United States (US$36.26bn in 2024).
The average revenue per user (ARPU) in the Event Tickets market is projected to amount to US$71.17 in 2024.
In the Event Tickets market, the number of users is expected to amount to 595.1k users by 2028.
User penetration in the Event Tickets market will be at 10.3% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Costa Rica is experiencing significant growth and development.

Customer preferences: Costa Rican customers have shown a strong preference for live events and entertainment, which has contributed to the growth of the Event Tickets market. The demand for tickets to concerts, sports events, and cultural performances has been consistently high, indicating a strong interest in experiencing live entertainment.

Trends in the market: One major trend in the Event Tickets market in Costa Rica is the increasing popularity of international artists and performers. Costa Rican audiences have shown a growing interest in attending concerts and shows by international acts, leading to a rise in ticket sales for these events. This trend is likely driven by the desire to experience world-class entertainment and the increasing accessibility of international acts through social media and streaming platforms. Another trend in the market is the emergence of online ticketing platforms. These platforms have made it easier for customers to purchase tickets, providing a convenient and efficient way to secure their seats for events. The online ticketing market has seen significant growth in recent years, with more and more customers opting to purchase tickets online rather than through traditional offline channels.

Local special circumstances: Costa Rica's vibrant tourism industry is a key driver of the Event Tickets market. The country attracts a large number of international tourists, many of whom are interested in experiencing the local culture and entertainment scene. This influx of tourists creates a strong demand for event tickets, particularly for popular tourist destinations such as music festivals and cultural performances. Furthermore, Costa Rica's strong emphasis on environmental sustainability has led to the popularity of eco-friendly events and festivals. These events often focus on promoting sustainable practices and raising awareness about environmental issues. The popularity of eco-friendly events has contributed to the growth of the Event Tickets market, as customers are increasingly interested in attending events that align with their values.

Underlying macroeconomic factors: The strong economic growth in Costa Rica has had a positive impact on the Event Tickets market. As the country's economy continues to expand, disposable incomes are increasing, allowing more people to afford tickets to events. This rise in purchasing power has led to a larger customer base for the Event Tickets market. Additionally, the government's investment in infrastructure development has improved the accessibility of venues and event spaces. This has made it easier for event organizers to host large-scale events and attract a larger audience. The improved infrastructure has also facilitated the growth of the online ticketing market, as customers can now easily access and purchase tickets from their smartphones or computers. In conclusion, the Event Tickets market in Costa Rica is experiencing growth and development due to customer preferences for live entertainment, the popularity of international acts, the emergence of online ticketing platforms, the country's vibrant tourism industry, the emphasis on eco-friendly events, and the strong macroeconomic factors such as economic growth and infrastructure development.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.