Using data from the 2016 Association of Luxury Suite Directors (ALSD) membership survey, SuiteHop analyzed trends in suite usage and access.
Long-term, full-season luxury suite leases continue to be challenging for professional sports teams and venues to sell and renew. Factors impacting suite renewals include team performance, decreased entertainment budgets, and the volatility of the oil and gas market.
The infographic provides a breakdown of available suite capacity by league and reveals that on average, luxury suites have an 80% occupancy rate. Access is variable dependent on the number of suites within an arena among other factors. SuiteHop’s online marketplace helps venues, teams and suite owners increase access to available suite inventory through their transparent online marketplace.
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