If you build it, will they come? The average occupancy rate for hotels in Saratoga tumbled 18.1 percent in December, reports the Albany Business Journal, marking the seventh-consecutive monthly decline. The report is based on survey results from the hospitality consulting firm STR Inc. In Saratoga County, 2,900 rooms were surveyed in December. According to the paper, overall demand during the year increased 7.2 percent, and total revenue was $106.5 million - a 10.4 percent increase. However, the supply of rooms grew 8.9 percent, causing the average occupancy rate to fall 1.6 percent compared to 2014, essentially indicating that the supply of new rooms was higher than the demand, with more rooms on the way in 2016.
The Saratoga Performing Arts Center ranks third in New York State based on ticket sales for 2015, according to Pollstar Magazine’s list of Top 100 Amphitheatre Venues.
SPAC hosted 154,918 music fans at the venue in 2015. Bethel Woods Center For The Arts, in Sullvan County, topped the NY state list with an attendance of 191,161. Darien Lake Performing Arts Center, near Buffalo, drew 189,500. The Jones Beach Theatre – with 129,234 – came in fourth. Note the ranking is in the amphitheater category. Pollstar maintains separate rankings for clubs, theaters, and stadiums.
Among amphitheaters worldwide, SPAC ranked no. 35.
Overall, it was a record year for the North American concert business with the total gross of the Top 100 Tours hitting $3.12 billion, up 14 percent over 2014, according to the report. Taylor Swift topped that list with a 2015 concert ticket gross of $250 million, followed by One Direction ($210 million), AC/DC ($180 million), U2 ($152 million), a couple of pop-country music acts, and a British singer with red hair who looks like Danny Partridge.
The Rolling Stones completed the Top 10 list by grossing just over $109 million – not too shabby considering the band hasn’t issued anything new of note since the release of Tattoo You in 1981. (Trust me, I’m a fan). The Stones charged the most of all artists - with an average ticket price at $174.50 - and attained the number 10 spot despite performing only 14 concerts in 2015, compared with 83 shows by Taylor Swift. The top 100 amphitheater rankings may be downloaded HERE. The Rolling Stones at MSG 1969. It's only rock and roll, but it's expensive.