Arena Market: Germany
As the most populous nation in the European Union, Germany sits as a unique case study in live music. It has produced a multitude of successful homegrown acts and is perhaps the major destination for international acts touring mainland Europe, making it one of the busiest territories in the EU.
The best-attended arena in Germany, and one of the highest attended in the world, is Cologne’s Lanxess Arena, owned by CTS Eventim. “After the pandemic years and the numerous delayed tour starts due to the energy crisis, since last year, it’s felt like pre-covid times,” says CEO Stefan Löcher.
At 20,000-cap, it’s one of the largest venues in the market, which means costs hit particularly hard. “I think the entire industry is noticing increased costs, especially in the tour business. But with a venue of our size, we also have a huge new burden when it comes to energy costs. That’s why it’s important for us to become more efficient in all areas.” Nonetheless, he says “2024 feels like a great year.”
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