Music tourism is the practice of visiting a city or town to attend a music festival or other musical acts. Small villages like Glastonbury and large cities like Glasgow rely heavily on this type of tourism. The relatively recent jam band boom is a modern example of music tourism. Music events attract a large number of travelers each year. Taylor Swift's Eras Tour and its impact on the global economy is a prime example of music tourism.

The Artful Music Tourist Board is a movement founded in 2003 to celebrate this by artists and their friends at The Paradise Bar (now the Royal Albert bar) in London, United Kingdom. A small but growing industry, music tourism is becoming more and more well-known throughout the world as visitors look for immersive experiences in places with a strong musical culture.

The music tourism market is estimated to be valued at USD 7.17 Bn in 2024 and is expected to reach USD 12.77 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.

Market Drivers

The growth of The Music Tourism Market is propelled by several key factors. Firstly, the increasing globalization of music distribution and promotion has amplified the appeal of experiencing diverse musical cultures firsthand. Secondly, the rise of social media and digital platforms has facilitated the discovery and promotion of music-centric destinations, driving interest and footfall. Thirdly, the growing trend of experiential travel among millennials and Gen Z, seeking authentic and unique experiences, aligns perfectly with the offerings of music tourism.

Key Takeaways

In understanding the music tourism market, it's imperative to recognize its multifaceted nature. It's not solely about attending concerts or festivals but also encompasses music-themed tours, visits to museums and landmarks, and engagement with local communities. Moreover, the market exhibits resilience, often thriving even in times of economic downturns, as music holds universal appeal and offers solace and joy to people across the globe.