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$40,000 Inauguration Tickets

Hotels & Scalpers Prep For Obama's Swearing In

— November 12, 2008 — Social Good
The Inauguration of President-elect, Barack Obama doesn’t take place until a little over two months from now, but already it looks set to more unprecedented events.

Reports are swirling on the internet of tickets, 250,000 of which are distributed to members of Congress and Senators for free. The inauguration tickets have not been released yet, but the tickets are expected to be snapped up at auction for as much as $40,000 for the swearing in ceremony.

This has aroused ire with some groups, who are already drafting legislation to make it a federal crime to scalp tickets.

With over 1.5 million people anticipated to attend the ceremonies, the area's 95,000 hotel rooms are already reportedly sold out. Special four-night packages are being offered with special gifts, such as jewelry from Tiffany’s.

“The Fairmont Hotel is offering an 'eco-inaugural' package, which includes four nights in a suite filled with organic materials, a ball gown from an organic designer and the use of a hybrid car. It costs $40,000.”

With all the economic doom and gloom, at least Washington will get a lift for its economy, and hopefully a sign of better things to come for the country.
Trend Themes
1. High-priced Inauguration Tickets - The demand and high auction prices for inauguration tickets present an opportunity for innovative ticketing platforms or companies to disrupt the market.
2. Scalping Legislation - The controversy surrounding ticket scalping at the inauguration creates an opportunity for legal and technology solutions that prevent scalping and ensure fair ticket access.
3. Luxury Inauguration Packages - The popularity of luxury packages for the inauguration signifies an opportunity for luxury hotel chains and retailers to offer exclusive experiences and products for high-end customers.
Industry Implications
1. Ticketing - The high demand and scalping concerns surrounding inauguration tickets highlight the need for the ticketing industry to innovate and address issues of fairness and accessibility.
2. Legal Services - The proposed legislation against ticket scalping at the inauguration requires the legal services industry to develop solutions that enforce fair ticket resale practices and protect consumers' rights.
3. Hospitality - The sold-out hotel rooms and luxury package offerings for the inauguration create an opportunity for the hospitality industry to provide unique experiences and accommodations for visitors.
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