Event Tickets - Fiji

Fiji

Highlights

Revenue in the Event Tickets market is projected to reach US$307.30k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 1.73%, resulting in a projected market volume of US$329.10k by 2028.
The Sport Events market has a projected market volume of US$134.20k 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$13.44 in 2024.
In the Event Tickets market, the number of users is expected to amount to 24.8k users by 2028.
User penetration in the Event Tickets market will be at 2.5% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Event Tickets market in Fiji is experiencing significant growth and development in recent years.

Customer preferences: One of the main reasons for the growth of the Event Tickets market in Fiji is the increasing demand for live entertainment and cultural events. Fijians have a strong appreciation for music, sports, and other forms of entertainment, and they enjoy attending live events to experience the excitement and energy firsthand. This has led to a growing demand for event tickets in the country.

Trends in the market: The Event Tickets market in Fiji is witnessing several trends that are contributing to its development. Firstly, there is a shift towards online ticket sales. With the increasing penetration of the internet and smartphones in Fiji, more and more people are opting to purchase event tickets online. This provides convenience and ease of access for customers, as they can browse and purchase tickets from the comfort of their own homes. Another trend in the market is the rise of event ticketing platforms. These platforms act as intermediaries between event organizers and customers, providing a centralized platform for ticket sales. They offer a wide range of events and ticket options, making it easier for customers to find and purchase tickets to their desired events. This has helped to streamline the ticketing process and make it more efficient.

Local special circumstances: Fiji is known for its vibrant and diverse cultural scene, with numerous festivals, concerts, and sporting events taking place throughout the year. This creates a constant demand for event tickets, as people are always looking for opportunities to attend these events and be part of the cultural experience. Additionally, Fiji's tourism industry plays a significant role in the Event Tickets market, as tourists visiting the country often seek out local events and performances.

Underlying macroeconomic factors: The growth of the Event Tickets market in Fiji can also be attributed to the country's improving economy. As the economy continues to grow, more people have disposable income to spend on leisure activities, including attending events. This has led to an increase in demand for event tickets, as people are willing to spend money on experiences and entertainment. Furthermore, the government of Fiji has been actively promoting the tourism and hospitality sectors, which has attracted more visitors to the country. This influx of tourists has contributed to the growth of the Event Tickets market, as they often attend events and performances during their stay in Fiji. In conclusion, the Event Tickets market in Fiji is experiencing significant growth and development due to the increasing demand for live entertainment, the shift towards online ticket sales, the rise of event ticketing platforms, the vibrant local cultural scene, and the improving economy. These factors are driving the demand for event tickets in Fiji and shaping the market's growth trajectory.

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.