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ASM GLOBAL RELEASES LIVE EVENTS STUDY

(Photo of Solider Field. Photo courtesy of ASM Global)

Nationwide Survey Reveals Gen Z and Millennial Impact, Demand for Upscale Experiences, Food and Beverage, Safety and Headlining Acts

submitted by ASM Global

(LOS ANGELES, CA – Dec. 20) ASM Global, the world’s leading venue management company and producer of live event experiences today released the results of an unprecedented nationwide survey revealing a wide array of insights ranging from audiences appetites to traveling hundreds and hundreds of miles to see their favorite performers to which state has the biggest appetite for ordering food.

ASM’s proprietary INSIGHTS customer experience platform surveyed over 120,000 guests and clients over one-year across ASM Global managed venues – the largest such portfolio of arenas, stadiums, theaters and convention centers in the U.S.

“Many of the takeaways are fascinating,” said ASM’s Chief Marketing Officer Alex Merchán. “And some very surprising. The days of the performer or sports team solely driving ticket sales are evolving with other factors influencing decision making. Paralleling that is the desire for larger holistic experiences including enthralling ambiance and other experiential moments.”

ASM INSIGHTS customer experience platform captured more than 8 million data points. ASM Global officials said that a second equally comprehensive study in the company’s Convention Center space will be released in early 2024.

For Gen Z and Millennials, attending an event is not merely about witnessing a performance, but a holistic encounter where the overall experience matters almost as much as the main act, with the emotional connection, ambiance and unique moments making them more willing to invest both time and money.

Data surfaced that Gen Z and Millennials attending a performance by a top artist, overall experience was 5% higher than average, with viewing expectation 16% higher. These younger fans are also willing to pay more for tickets to see a top artist perform, with ages 18 – 24 spending 12% more than average.

Food and beverage is also undergoing a radical transformation. The ASM INSIGHTS survey projects that “staple food & beverage options” will soon be gone. Guests’ demand for variety and creativity in food & beverage option is the 2nd most important factor of their live event experience (after overall service experience) reflecting an expanded spectrum of tastes, mirroring the health-conscious and more exotic choices of attendees across various age groups.

In the ASM INSIGHTS survey across all venues and events, a statistically significant 41% of guests said they seek out a variety in food and beverage, whether health-conscious, locally sourced, gluten-free, dairy-free, vegan, vegetarian, etc.

Among the other findings in the ASM INSIGHTS survey:

  • In a post pandemic world, safety, cleanliness, and staff were the most crucial factors in the overall experience at arenas, stadiums, theaters and conventions centers, with venues being rated “best in class” when scores in these three categories exceeded 80%.
  •  83% of all stadium guests purchased food & beverage at an event, 9% higher than all other venue types and an increase from previous behaviors.
  • 89% of guests cited an exceptional experience at convention centers, with attention to detail and helpful, attentive staff being the biggest drivers in an overall positive guest experience.
  • 18-24 year-olds further reinforce that friendly staff, thorough (pre-event) communication, excellent service, and the artist/event drove their high marks on guest experience.
  • This age group mentions how much they loved being there as they “make up for lost time” and “connection with their favorite artists.”
  • Furthermore, this need to “connect with their favorite artist” resulted in 47% of these young fans to drive 200+ miles to see their favorite artists (including Taylor Swift, Doja Kat, Drake, Karol G, Rod Wave)
  • The “hungriest fans”, spending the most on food and beverage at events, are based in Arizona and Nevada, spending twice the national average.

Additionally, venues with the ability to serve alcoholic beverages and provide guests with options for pre-event cocktails and concessions, combined with excellent service create a seamless experience. That drove customer satisfaction scores to up to 92% in December.

Safety has become the keystone of the live events industry. Venues across the industry are adopting enhanced safety measures to ensure every eventgoer feels welcome, secure and protected. This commitment marks a pivotal shift, reflecting a dedication to redefining live events with attendee well-being at its core.

“From a Taylor Swift tour stop at NRG Stadium to completely overhauling the traditional high school volleyball tournament experience for attendees by opening up premium food and bar services – ASM has so many great examples where this data is already being used at the local level to adapt and enhance the consumer experience,” said Merchán. “ASM INSIGHTS has provided us a broad yet rich perspective of what fans and guests expect at live events and we’re able to leverage this data into action to revolutionize the entire experience. It’s obvious the industry of tomorrow will need to continue a radical transformation.”

 

About ASM Global

ASM Global is the world’s leading producer of entertainment experiences. It is the global leader in venue and event strategy and management—delivering locally tailored solutions and cutting-edge technologies to achieve maximum results for venue owners. The company’s elite venue network spans five continents, with a portfolio of more than 350 of the world’s most prestigious arenas, stadiums, convention and exhibition centers, and performing arts venues. Follow us on FacebookInstagramLinkedIn and Twitter. For more information, visit Asmglobal.com

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