Maximizing Venue Revenue Beyond Event Days

The best venue operators don’t wait for event days to generate revenue. “Dark buildings” are only dark if we allow them to be. A great example is the growing number of FIFA World Cup watch parties taking place in stadiums, arenas, and entertainment venues coast to coast. Instead of sitting idle between major events, operators are transforming their facilities into community gathering places that generate incremental food & beverage, premium seating, sponsorship, parking, merchandise, and operational revenue. As KNBC recently reported here in Los Angeles, watch parties create opportunities to introduce new fans to the venue and strengthen long-term customer loyalty. This goes beyond juar showing a match on a big screen. It’s about maximizing the value of an asset that already exists, an asset with millions of dollars of capital improvements designed to deliver a great gameday experience. The most successful venue operators are asking: • How do we activate our buildings 365 days a year? Ghost kitchens in the past. • What experiences can we create beyond the event calendar? • How do we monetize every square foot while deepening community engagement? With major global events like the FIFA World Cup, venues have an opportunity to create memorable experiences even when they aren’t hosting a match. That’s smart asset utilization and makes for smart business. Operators who think beyond traditional event programming will be the ones who unlock the greatest long term value. #Sports #Hospitality #LiveEvents https://lnkd.in/gefH9CXK

We do a lot of great events in stadiums that are technically "closed." People love the chance to see the club level and be a part of an experience they normally couldn't see.

Keith King Smart! I am hoping to catch the Portugal 🇵🇹 Croatia 🇭🇷 match tomorrow at the Praça de D. João in Porto!

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