Friday, July 23, 2010
SeatGeek - predict the price of tickets
SeatGeek shows a really interesting use of data.
The site predicts the future price of event tickets. So if an event is likely to sell out, the price will be higher in the future than it is now; if not it is likely that you will be able to get some good last minute deals nearer the time.
Very clever, and with the rise of daily offer sites like Groupon, plus lots of lastminute offers on other sites, you can see that this is a niche to exploit.
I have a personal theory that there are never more than about 5 sold out theatre shows in London. You shouldn't need to pay full price for the others, especially if you're willing to go on a Tuesday night.