Masters Tickets Down As Much As 31% After Tiger Woods' Withdrawal

Apr 3 2014, 12:51pm CDT | by

Although he hasn’t won a Major championship since the 2008 US Open, Tiger Woods has still retained his status as the biggest draw in golf over the last six years. Since first appearing in  back in 1995 as a Low Amateur, Woods has not once missed the storied tournament. He has had great success on the hallowed grounds of Augusta National, having won The Masters four times since notching his first Major championship at the 1997 event. However, Woods has certainly slowed down in recent years. He has had a few ailments and procedures that have sidelined him from a handful of events including Majors in recent years, but The Masters has remained the only Major that Woods has never missed. That will change this year, as Woods underwent back surgery earlier this week for a pinched nerve that will sideline him for four to five months. As a result, prices for Masters tickets are down by as much 31% depending on the day.

Last year, Woods was playing some fantastic golf heading into The Masters. As a result, ticket prices were up substantially from 2012 as fans hoped to see Woods contend for his 15th Major championship. As a barometer of the interest, the price for a four-day badge last year was up 152% year over year, to an average of $9,267. As a result of the enthusiasm for Woods last year, even the Monday and Tuesday Practice Rounds were up 70.74% and 50.87% from 2012. Monday carried an average of $526, while Tuesday checked in at $718. This year, those prices have taken a step back. Monday’s practice round now has an average of $394 while Tuesday checks in at $546.  Prices for the Tuesday round has declined 31% in the last week. According to Razorgator CEO Nima Moayedi, this will be one of the easier years to get Masters tickets, not only because of the lower prices, but also because of higher available inventory compared to other years. According to Moayedi, there are about 3-4 times more inventory available than last year.

As for the individual tournament days, ticket prices for this year are largely down across the board from both 2013 and 2012.  This year, expectations for Tiger were tempered to begin with, and prices have fallen further now that he won’t be participating at all. Thursday’s opening round last year had an average price of $2,494, an increase of 43.30% from the 2012 average of $1,740. This year, Thursday tickets are down to an average of $997, and down 20% in the last week.  Masters tickets under $1,000 is a rarity, and for the first time in five years, the average price for Kentucky Derby tickets are more expensive than any of the non-practice rounds Augusta. While prices are certainly down, the decrease from last year becomes less drastic as the week goes on. Friday is down 49% from last year to an average of $1,067, and Saturday down 45.97% to $1,058. However, these prices have continued to fall with no Tiger to drive demand. Friday tickets are down 15% since Tiger’s announcement, while Saturday has fallen by 19%.

While badge prices have taken a hit since Tiger’s withdrawal, hotels in an around Augusta are another story. According to Brian Ek at Priceline, Augusta, Ga Hotels are scarce and there is a massive premium for what’s left.  On a normal weekend, a three-star hotel goes for between $89 and $127 a night.  For the remaining three-star hotels, it will cost $847 a night. For the two-star category, a normal weekend goes for $30 compared to rates this weekend as high as $455.  By the time time tournament starts, hotels may be the most expensive part of the equation for fans looking to take in the biggest event in golf.

Despite all the declines, the Masters remains the most expensive golf tournament in the country, as we detailed previously on the TiqIQ blog.

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Bird flu hits third poultry farm in Netherlands
The Hague, Nov 22 (IANS) An outbreak of bird flu was detected at a third Dutch poultry farm, the country's ministry of economic affairs announced Friday.
 
 
Hollande to visit Guinea next week, focus on fighting Ebola
Paris, Nov 22 (IANS) French President Francois Hollande will visit the West African countries next week, including the Ebola-hit Guinea-Conakry Nov 28 and will focus on ways to eradicate the deadly virus, media reported Friday.
 
 
Carla Bruni to lend voice to combat Ebola
Paris, Nov 22 (IANS/EFE) Former model and former first lady of France, Carla Bruni, will lend her voice to the French version of the song "Do They Know It's Christmas?" to raise funds to help combat Ebola.
 
 
Spanish health worker flown home after possible Ebola contagion
Madrid, Nov 21 (IANS) A Spanish health worker with Doctors Without Borders (MSF) arrived back in Spain Friday morning from Mali after being deemed at risk of contagion from the Ebola virus.
 
 
 

Latest from the Network

'Planet of the Apes ' left Andy Serkis in 'agony'
Las Vegas, Nov 22 (IANS) Actor Andy Serkis says his film "Planet of the Apes" left him in "agony". Serkis played the chimpanzee in the 2011 sci-fi movie and its sequel, 2013's "Dawn of the Planet of the Apes". He...
Read more on Celebrity Balla
 
Obama defends his immigration reform plan
Las Vegas, Nov 22 (IANS/EFE) US President Barack Obama has defended his immigration reform plans, which could protect five million undocumented immigrants from deportation. Obama was welcomed in Las Vegas Friday with...
Read more on Politics Balla
 
Chris Hemsworth says tattoos are a pain
Chris Hemsworth says his tattoos are often ''a pain'' when he's filming. The 'Thor' star, who was crowned the Sexiest Man Alive by PEOPLE magazine earlier this week, has a few sentimental designs inked on his body, but...
Read more on Celebrity Balla
 
Queen Latifah's show has been axed
Queen Latifah's talk show has been cancelled. The 44-year-old actress's self-titled series, 'The Queen Latifah Show,' which launched in 2013, has been axed after two seasons. The 'Dilemma' star confirmed her ''...
Read more on Celebrity Balla
 
Kelsey Grammer is 'so proud' of daughter
Kelsey Grammer is ''so proud'' his daughter has been named Miss Golden Globe 2015. Greer Grammer will assist hosts Amy Poehler and Tina Fey on stage during the 72nd annual awards ceremony at the Beverly Hilton Hotel in...
Read more on Celebrity Balla
 
Jordan's Muslim Brotherhood demands leader's release
Amman, Nov 22 (IANS) Jordan's Muslim Brotherhood has demanded the release of its detained leader Zaki Bani Rsheid. In a statement Friday, the group said that the security forces had arrested its deputy head Zaki Bani...
Read more on Politics Balla
 
Israel and Palestine agree on Gaza reconstruction: UN official
United Nations, Nov 22 (IANS) An agreement has been reached between Israel, Palestine and the United Nations (UN) under which nearly 25,000 homeowners in Gaza can access materials to repair their damaged homes starting...
Read more on Politics Balla
 
Ed Sheeran likes Primark pants
Las Vegas, Nov 22 (IANS) Singer Ed Sheeran says since people don't see underpants thats why he prefers Primark. The 23-year-old doesn't see any point in splashing out on something that is "only meant to keep your junk...
Read more on Celebrity Balla
 
Lebanon won't celebrate independence day, owing to presidential vacancy
Beirut, Nov 22 (IANS) Lebanon has cancelled all official plans to celebrate its independence day, according to media reports. The decision was taken owing to the current vacancy in the country's presidency, Xinhua...
Read more on Politics Balla
 
Davis Cup final: Monfils upsets Federer, brings France level
Lille, Nov 22 (IANS/EFE) Gael Monfils of France stunned Swiss great Roger Federer 6-1, 6-4, 6-3 Friday to even up the Davis Cup final, after Stanislas Wawrinka had beaten Jo-Wilfried Tsonga to give Switzerland the lead...
Read more on Sport Balla