Key trends affecting the sports facility sector
Dive in to the key sector indicators and values as well as detailed trends in the full
The original purpose of a sports stadium was simple, give fans a spot to sit for the game and the option to buy some food. Today, the marching orders have changed as teams aim to provide a multi-faceted experience. The introduction of diverse amenities, ‘seating zones’, play areas and vendors aim to up fans’ entertainment.
Technology products in sports facilities continue to grow, in both number and size. Complete Wi-Fi and flat screen TV coverage is the new norm. The tech budgets for stadiums a few years ago edged towards $1 million in a new build. In current under construction facilities, tech spending can be expected to be well north of $50 million.
Box seats used to be where all big spenders enjoyed attending a sporting event. Today, as fans continue to demand an authentic experience that can’t be felt in the air-conditioned box 200 feet above the field, premium seats with access to VIP amenities like a dedicated bar, buffet and covered viewing are becoming increasingly popular in new stadiums.
Let us know how you prefer to watch the game. From what you're drinking to who you're bringing with you to the stadium, we want to know your fan experience.
Senior Vice President, Sports Facilities, Project and Development Services