Festival revenues to fall 50-60% this year
Image by Shutterstock.com
Although not all domestic festivals will be missed this year, it is estimated that revenues will fall by 50-60% compared to pre-pandemic levels, Andor Posztobányi, managing director of the National Event Office (ORI), told business daily Világgazdaság.
Based on the recent experience of the Debrecen Campus Festival, fewer people are taking part than usual in years past, and in general the experiences so far are not good.
"Although everyone had been waiting for live music events to start, the audience has not rushed to them. In most cases tickets are selling slowly," Norbert Lobenwein, the organizer of MOL Very Balaton, STRAND Festival, Sziget, Telekom VOLT Festival, and Balaton Sound, told vg.hu.
ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan
EC Puts Hungary 2024 GDP Growth at 2.4%
HU-rizon Program: HUF 8 bln Funding for International Resear...
Marcelito Pomoy to Perform in Budapest Next Week
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
