Music Tourism Market to Reach a Harmonious $14 Billion by 2033, Marking a 9% CAGR
The market for music tourism is predicted to grow from US$ 5.91 billion in 2023 to US$ 14 billion by 2033. The industry is predicted to grow ****ween 2023 and 2033 at a CAGR of 9%.

Jazz, EDM, Techno, Pop, and Rock, etc. are all genres offered by The Netherlands to attract crowds by organizing music fests. The adoption of music tourism encourages the meeting of new people and amalgamation of cultures. The music tourism industry adapts to developing global trends and lifestyles.

Request for a sample of this research report:
https://www.futuremarketinsigh....ts.com/reports/sampl

What are the factors that Hinder the Music Tourism Market?

Events taking place overseas might hinder the growth of the music tourism market size on account of consumers reluctant to travel.
Baby boomers unwilling to disburse from their budget bracket can curb the demand for music tourism.
Restrictions on travelling and the social distance protocol during the pandemic obstructed the music tourism market share.
Most events can be exorbitant to the general population, therefore hampering the global music tourism market size.
What is the Scope of the Music Tourism Market?

The demand for music tourism is expected to grow as travel products and facilities are ****ter aligned with travelling and the events itself.
Crowd handling arrangements should be supervised to improve capacity and thus, push the demand for music tourism.
Representing best new artists unprecedentedly live on a platform can promote growth of music tourism market size.
Consumers being offered a variety of services by international and domestic companies in roadways, airways and the seaways sectors increases adoption of music tourism.
The adoption of music tourism in cities that have not received recognition and glamour from the media can increase the market growth.
International and national celebrities collaborating with clubs and hotels can boost the growth of the music tourism market share.
What are the Regional Insights of the Music Tourism Market?

North America is the leading region for music tourism.

World renowned music festivals like Coachella, Lollapalooza, etc. have expanded the market size, by introducing new artists.

The average music tourist spends a minimum of $300 on travel and accommodation in the US.

Europe is second in leading the market for music tourism.

Belgium, Italy, Portugal and The Netherlands are the most sought-after countries for music industries to organize festivals.

The Asia-Pacific is growing in the music tourism market with South Korea, India, Hong-Kong, Singapore, Malaysia, etc. sporadically houses music tours.

What is the Competitive Landscape of the Music Tourism Market?

Some of the key players of the music tourism market size are

AEG Worldwide
LiveStyle
Live Nation Entertainment
Global Spectrum LP
Venu Works Inc.
ID&T Belgium
SFX Entertainment
Percept Ltd
TAG Group
ACFEA Tour Consultants
Some of the recent developments in music tourism are:

About 1.9 million tourists were drawn to be Ibiza and the neighbouring island of Formentera, which was more than half of the pre-pandemic numbers.
In 2013, the Glastonbury Festival witnessed less on-site spending than that of off-site spending, having an overall £93 Mn economic impact on the event.
For a post-pandemic world, San Francisco based “Flymachine” raised US$ 21 Mn to build a virtual concert platform.
Music Tourism Market by Category

By Type:

Local Music
International Music
By Tourist:

Pay to Visit
Get Paid to Visit
By Industry Vertical:

Music Tourism
Fashion Tourism
Food Tourism
Sports Tourism
Medical Tourism
Others
By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
The Middle East & Afric