Thank you for choosing. When low cost carriers like JetBlue or Easyjet simplified their pricing structure to offer lower prices more often, it wasn't long before everyone was doing it. But not every airline's price structure works in the same way. That's why we compare so many airlines across hundreds of travel sites to get you the best price. You could say we have a flair for finding the cheapest fare (but maybe not for poetry).
So let’s go back to the San Francisco Giants. If they have an experimental section and they drop the price, why would I buy a ticket in the next section over that’s at a much higher price? So if I were going to buy that ticket, I would say, well, gee, I can save $10 by going to the experimental section. Why not? So my hunch is that there was a lot of cannibalization going on, and that 20% figure really didn’t represent new revenue, getting people price sensitive, in the door. My hunch is that the majority of this increased 20% came from people who would have actually paid a higher price. That’s a negative of dynamic pricing that I don’t think has been satisfactorily accounted for.
Southwest Airlines’ Rapid Rewards: Southwest's rewards program is strong, especially if you make frequent domestic trips. Your reward comes from dollars spent, based on fare class—that's six points per dollar on "Wanna Get Away" tickets; 10 points per dollar on "Anytime" tickets; and 12 points per dollar on "Business Select” tickets. When it comes to redeeming there are no blackout dates, not even holidays, and no change fees or cancellation fees, either.
So that goes back to the notion of value. So I value the certainty of having great tickets to the Rolling Stones or the Red Sox versus the Yankees. So I’m willing to pay a premium just to get that certainty. But much like what you see in life, and in pricing in general, if you’re willing to wait it out and deal with the uncertainty, you can get the best tickets at face value, if not lower, if you wait until the very last minute.
I also sell tickets and this accounts for a portion of my self-employment income – I sold over $100,000 in tickets in 2014 and I’m way way small time. John is correct in assessing that this blog post is a terrible idea. The reason is because you’ll lose money on many, many, many events. Just saying “hey, this is a popular concert/show/sporting event” isn’t enough knowledge to know if you can turn a profit. There are a lot of other factors. For example, you may buy tickets to a concert at face value only to learn that people from a pre-sale or VIP program bought them for X% less. Good luck selling those on stubhub at a profit once they take their cut. Sporting events are seriously cutthroat, and it’s hard to make money unless you’re a season ticket holder. I paid $13,000 for my St. Louis Cardinals Season tickets. I might break even or take a small loss. I buy them to be able to give out some games as a promotion through my business and to have access to postseason tickets. You make all your money on the postseason, at least with the Cardinals. Even if you could turn a small profit from buying these season tickets regularly, you pay for them months before the season starts and you don’t get paid until you deliver the tickets for each game. Your money is tied up for months and months. You could use that money for other ‘angles’ and make more money overall due to faster turnover. I sell tickets because I enjoy it. And I’m being sincere and genuine when I say that if you’re just trying to earn points/miles, please stay far, far away unless you truly understand the real downside risk. I lose money on over 50% of the tickets I sell – that’s a true story. If you’re just dabbling, you’re hoping you’re going to pick the golden event and avoid the rest? That sounds like a terrible investment strategy to me.
Swiss Air Lines Adria Airways, Air Canada, Air China, Air France, Air Malta, Austrian Airlines, Avianca, Brussels Airlines, Croatia Airlines, Edelweiss Air, Egyptair, El Al, Germanwings, LOT Polish Airlines, Lufthansa, SAS Scandinavian Airlines, Singapore Airlines, South African Airways, TAP Portugal, Thai Airways, Ukraine International, United Airlines.
Nobody likes junk mail, but getting on email lists for your local teams and venues (or in other markets with which you have good familiarity) is the best way to find out about hot new concert presale events and discounts. Another benefit of being in the points/miles hobby is that often times Citi and American Express cardholders get special presale access (and sometimes discounted prices) to events.