Tourism is critical to the success of many economies around the world. There are several advantages of tourism to the travel destinations. Tourism increases the revenue of the economy, creates thousands of jobs, develops a country’s infrastructure, and creates a sense of cultural exchange between foreigners and citizens.

Music tourism is visiting a city, town, or country to see a music festival or other musical performance. This type of tourism is especially important for small villages like Glastonbury as well as large cities like Glasgow. The relatively young jam band phenomenon is a contemporary example promoting music tourism. Music festivals are visited by many tourists every year.

Vienna is known as the city of music, Vienna has been the home of classical music for decades.

In India, music festivals are a great way for independent artists to show off their talents. But more than just that, it gives a huge boost to local employment and the tourist footprint. This gives Indian cities an opportunity to showcase their culture, heritage and ethos.

Total live music sales are projected to grow 3% CAGR through 2020 and exceed $ 28 billion globally. Despite the overwhelming expansion of the digital world, live entertainment events offer fans an incomparable and engaging experience.

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Main market players:

AEG Worldwide, LiveStyle, Live Nation Entertainment, Global Spectrum LP, Venu Works Inc., ID & T Belgium, SFX Entertainment, Percept Ltd., Nur Munch Louder, TAG Group, ACFEA Tour Consultants.

Important facts:

  • Music tourists’ direct spending – buying tickets, paying for transportation and accommodation – was £ 1.3 billion
  • Other indirect music tourism spending – additional supply chain spending generated by music tourists – adds another £ 914 million for a total of £ 2.2 billion
  • The average live music audience is 41% music tourists
  • Overseas music tourists spend an average of £ 910 on festivals and £ 602 on concerts (average spending for tourists is £ 600).
  • Domestic music tourists spend an average of £ 396 attending festivals and £ 87 attending concerts
  • Overseas tourists account for 6% of music tourism visits but 20% of music tourism spending
  • London attracts 28% of all music tourists to the UK, with 1.8 million visiting the capital

The music tourism market study guarantees that you will be better advised than your competition. With structured tables and figures that examine music tourism, the research document offers you a leading product, sub-markets, sales size and forecast to 2028. Emerging and industry-leading companies are also classified comparatively.

This study also includes company profiles, specifications and product pictures, sales, market shares and contact information of various regional, international and local providers in the global music tourism market. Market opposition often evolves with the increase in scientific innovation and M&A activity in the industry. In addition, many local and regional vendors offer specific application products for different end users. The new dealers in the market find it difficult to compete with the international providers who rely on the reliability, quality and modernity of technology.

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Services-

  • Satisfaction of curiosity
  • Experience of joy and entertainment
  • Social interaction
  • Income generation and job creation
  • Development of the country economy

Application-

  • Restaurants
  • tourist guide
  • Travel agencies
  • societies
  • Domestic and international transportation services
  • Other

What To Expect From This Music Tourism Market Report:

  1. A comprehensive summary of several area distributions and the summarized types of popular products in the music tourism market.
  2. You can set up the growing databases for your industry when you have information about production costs, product costs, and production costs for the next several years to come.
  3. Thorough assessment of the slump for new businesses looking to enter the music tourism market.
  4. How exactly do the major corporations and medium-sized companies generate revenue in the market?
  5. Comprehensive research on the overall development in the music tourism market to help you choose the product launch and revise the growth.

It provides a knowledge of Porter’s five armed forces, including representatives, prospects, buyers, industry competitors, and suppliers, with real information to help understand the global Music Tourism market. In addition, it provides detailed data from vendors including profile, product specifications, sales, applications, annual industry performance, investments, acquisitions and mergers, market size, revenue, market share, and more.

Some important table of contents points:

Chapter 1. Report overview

Chapter 2. Global Growth Trends

Chapter 3. Market Share of the Major Players

Chapter 4. Breakdown of data by type and application

Chapter 5. Market by End User / Application

Chapter 6. COVID-19 Outbreak: Impact on the Music Tourism Market

Chapter 7. Analysis of opportunities in the Covid 19 crisis

Chapter 9. Market Driving Force

And more…

The conclusions of the Global Music Tourism Market Professional Survey Report 2021 include: – Methodology, analyst introduction and statistics supply. In the end, the analysis includes the SWOT analysis of music tourism, the study of investment bias, as well as the study of investment in research and development trend.

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Our research reports bring you the most realistic and incomparable experience with revolutionary market solutions. We have effectively steered business around the world through our market research reports with our predictive nature and are exceptionally positioned to drive digital transformations. In this way, we create greater value for our customers by providing advanced opportunities in the global futuristic market.

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