Other industry watchers note that consolidation in the concert industry, along with ever increasing service charges and facility prices, is helping to fuel the rise in ticket costs.
"I think that the proliferation of national touring and the competition among the few independent promoters that remain against the larger companies has driven ticket prices very high," says John Scher, president and chief executive officer of Metropolitan Entertainment Group, which produces concert tours both in the Northeast and nationally.
Scher says he thinks that concert tickets prices have increased to the point where attending a musical event has become more of a luxury item for many Americans. And though that might be the case, he doesn't see that trend decreasing any time soon.
"My experience has been that when the economy has weakened, the concert business has not weakened," says Scher.