Big changes are on the horizon for company sports tickets. Does your company have a plan for dealing with them?
[The NFL] will have eliminated all print-at- home or PDF tickets for the 2018 season.
Dave Scarborough,
Chief Strategy Officer
Ticketmaster
Paper tickets are out. Everything is moving to mobile devices. While this will enhance the fan experience, it will also challenge companies who rely on traditional ticketing for their client entertainment.
The Unemployment Trigger
When unemployment reaches 5% the economy is 16 months away from recession. The unemployment rate hit 5% exactly 16 months ago as of this publication.
Expansions Always End
US economic expansions don’t last forever. They tend to last just under 8 years. The current expansion has been going strong for over 8 1/2 years.
Inverted Yield Curves
When the yield on short-term bonds becomes greater than that for long-term bonds, a recession is in the making. The spread is now getting tighter.
The odds of a bad outcome have gone up.
Lloyd Blankfein
Chief Executive Officer
Goldman Sachs
Numerous signs point to an impending downturn. When that happens, company tickets are going on the chopping block– unless you can prove they are proving measurable business results.
The Tax Cuts and Jobs Act of 2017 ended the corporate deduction for taking clients to live events. Managers are under more pressure than ever to prove their company sports tickets are driving real value.