The Economy "This too shall Pass"
I bought a subscription to the New York Times for my wife’s Birthday only to discover that I am a NYT junkie. If you read the past few Sunday Times perhaps you are like me and getting nervous that the economy is coming to an end and that soon we will be buying our clothing with stalks of corn instead of cash. I feel like I should be taking every penny I find in the streets of Inwood and putting it under my overstuffed mattress incase the price of my Barilla Pasta skyrockets through the roof due to some natural disaster or the price of the gas.
Week after week and article after article there is mention of how people are staying at home. This pattern in the news leads me to the point out how the trends of gas prices and the economy bear a toll on us theatre folk. According to a pole taken By Access America take a look at the following statistics…
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Americans traveling for vacation this year:
33% of Americans are taking a vacation this year
65% of Americans are not planning on a vacation this year
2% Don’t know if they are taking a vacation
Out of those 33% who ARE planning a vacation:
48% will scale back their trip
52% won’t scale back their trip
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Will gas prices prevent people from traveling to our shows from distances far away? If it does, will it keep the locals closer looking for something to do? How do we grab the limited people who are traveling and hook the locals looking to stay within their city boundaries?
For one thing, I will be looking to partner up with local businesses to make an “evening out”. Discounted prices to restaurants and attractions while still being able to see quality entertainment at the end of their trip. Make it easy for the audience member to come to our show. Make the night a mini-vacation.
We have the choice to look at our economic crunch (Thanks George) as an opportunity to get our neighbors to have dinner with us and our out of town guests to run home and tell everyone what they missed out on. Randy Buck, the COO of Troika once said to me, “This too will pass….”, and it will. So while we are in this financial freak out, lets take advantage of the relationships we can build with our audiences and make sure they bring their friends after we get back up on our feet.





