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“Every Olympics you have a new group of people running ticketing,” he said. He said the problem was acute for the Olympics and World Cup. “The industry figure is that 40% of tickets that sponsors buy go in the trash,” he said.
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“I expect there will be a problem in Tokyo,” Hanscom said. Often they don’t show up while angry fans line up outside without tickets. The most expensive ticket for the closing ceremony is 220,000 yen ($2,000).Įven with the soaring demand, many venues could still wind up with hundreds of empty seats that are typically set aside for International Olympic Committee officials, corporate sponsors, and local dignitaries. The opening ceremony on July 24 features the most expensive ticket - 300,000 yen ($2,700). Ticket prices for buyers in Japan vary greatly and are listed in the competition section on the organizers’ website. They can also use a generous currency exchange rate, and often package desirable tickets with top hotels that charge way over the usual going rate during the Olympics. Resellers are allowed to charge a 20% handling fee on every ticket. Cartan is the reseller for much of Latin America including Mexico.
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The reseller for the United States is CoSport, which also handles sales in Australia, Jordan and several European countries. They were authorized to begin sales on Thursday. Organizers estimate there are 7.8 million tickets for all Olympic events, but 20-30% of those are for distribution outside Japan where buyers could face the same problems and end up paying more.īuyers outside Japan must get tickets from Authorized Ticket Resellers, companies appointed by national Olympic committees. This could be at least 10 times more than what’s available. Extrapolating from the 2012 London Olympic lottery, Hanscom estimates that Tokyo organizers may have received 70-85 million individual ticket requests. Tokyo organizers say that 7.5 million residents of Japan registered to apply for tickets through the lottery system. Simple math explains the supply and demand crunch. The demand for tickets was incredibly high, and unfortunately, you were not awarded any of the tickets you requested in the lottery.” The millions who failed got this message in email from Tokyo organizers: “Thank you for your interest in purchasing Tokyo 2020 tickets. A completely unscientific AP survey of a few fans showed one ticket awarded in 15 application attempts. Organizers said the ticket website slowed to a crawl early in the day as more than 1 million people tried to learn their fate. Japanese media immediately began reporting about disheartened fans. Organizers will run a second ticketing phase where the odds will probably be even worse. Tokyo’s organizing committee was unable Thursday to say how many Japan residents got tickets, and it’s unclear if - or when - it will disclose the overall numbers. “It’s good news for the demand, and bad news on the ticket side and the public.” “I’m interested in seeing what the reaction is and how the organizing committee addresses this,” Hanscom said. Hanscom said he follows ticketing patterns for every major event and estimates that 80-90% of Japan residents who applied for tickets could get nothing. His Los Angeles-based company does not buy or sell Olympic tickets, but manages tickets for corporate clients, several of which are major Olympic sponsors. “This is probably going to be the most popular Olympics, and possibly one of the most popular events of all time,” Ken Hanscom, the chief operating officer of TicketManager, told The Associated Press in an interview.