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Festival tickets suffer sales lull as demand plummets by nearly 700%

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A new report has revealed that festival tickets have experienced a dip in demand throughout 2012.

Tickets for music events such as the Isle of Wight Festival and Reading and Leeds Festivals have been selling with a significant mark-down in price.

festival-goers, Isle of Wight

© PA Images

General view of the main stage as Jarvis Cocker of Pulp performs during the second day of the Isle of Wight festival 2011

© PA Images / Anthony Devlin/PA Archive



Searches for festival tickets on viagogo have dipped by around 700% compared to 2011, while some passes have been trading at around half their original face value.

Analysts have named the Queen's Jubilee celebrations and the London 2012 Olympic and Paralympic Games as part of the reason why people have decided to give the festival experience a miss this summer.

"We've had a lot to celebrate this year with the Jubilee and the Olympics which might explain the lull in demand for festivals this year," said viagogo's Ed Parkinson.

"But for those who want to keep the party going it's actually a fantastic opportunity to snap up a bargain ticket at the last minute."

A number of Reading Festival tickets for this weekend's event are currently selling for under £100 on the ticketing site, while Bestival tickets are trading for under 10% under face value.

Reading and Leeds Festival will take place from August 24 to August 26. Foo Fighters, The Cure and Kasabian will headline this year's events.

Watch the Foo Fighters perform 'This is a Call' at Reading Festival in 2000 below:

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