Music Tourism Market

By Event;

Concert, Festival and Others

By Booking Mode;

Direct Booking, Travel Agents and Online Travel Agencies

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn316493789 Published Date: September, 2025 Updated Date: October, 2025

Music Tourism Market Overview

Music Tourism Market (USD Million)

Music Tourism Market was valued at USD 6,315.48 million in the year 2024. The size of this market is expected to increase to USD 10,274.72 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.


Music Tourism Market

*Market size in USD million

CAGR 7.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)7.2 %
Market Size (2024)USD 6,315.48 Million
Market Size (2031)USD 10,274.72 Million
Market ConcentrationMedium
Report Pages333
6,315.48
2024
10,274.72
2031

Major Players

  • AEG Worldwide
  • LiveStyle
  • Live Nation Entertainment
  • Global Spectrum L.P
  • Venu Works Inc.
  • ID&T Belgium
  • SFX Entertainment
  • Percept Ltd.
  • Only Munch Louder
  • TAG Group
  • ACFEA Tour Consultants

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Music Tourism Market

Fragmented - Highly competitive market without dominant players


The music tourism market is experiencing robust growth as travelers increasingly seek concerts, live shows, and festivals as part of their journeys. Nearly 58% of tourists now prioritize music-related activities when planning vacations, highlighting the strong role of cultural experiences in modern travel.

Contribution to Hospitality and Local Economies
Music tourism significantly boosts hospitality, food services, and entertainment. Reports suggest that more than 52% of travelers spend extra on accommodations and leisure while attending music events. This synergy between tourism and entertainment is making destinations more appealing to both domestic and international visitors.

Growing Demand for Festivals and Concerts
Major music festivals and live concerts remain the cornerstone of music tourism. Close to 60% of event-goers consider these gatherings the main reason for their travel. The combination of live performances with tourism growth demonstrates the rising demand for immersive cultural activities.

Digital Media as a Growth Enabler
The expansion of digital ticketing systems, streaming platforms, and social media promotions has enhanced awareness of global music events. Nearly 47% of travelers discover such experiences online. These platforms are crucial in attracting younger demographics and driving event visibility worldwide.

Future Growth Outlook
The music tourism market is positioned for steady growth as interest in experience-based travel continues to rise. Around 55% of travelers now prefer destinations that combine leisure with live music opportunities. This trend will ensure that music tourism remains a key driver of cultural engagement in global travel.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Event
    2. Market Snapshot, By Booking Mode
    3. Market Snapshot, By Region
  4. Music Tourism Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Cultural Appeal

        2. Experiential Travel

        3. Event Growth

      2. Restraints
        1. Infrastructure Challenges

        2. Seasonality

        3. Regulatory Constraints

      3. Opportunities
        1. Destination Marketing

        2. Collaborative Partnerships

        3. Diversification of Experiences

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Music Tourism Market, By Event, 2021 - 2031 (USD Million)
      1. Concert
      2. Festival
      3. Others
    2. Music Tourism Market, By Booking Mode, 2021 - 2031 (USD Million)
      1. Direct Booking
      2. Travel Agents
      3. Online Travel Agencies
    3. Smart Cooling Systems Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. AEG Worldwide
      2. LiveStyle
      3. Live Nation Entertainment
      4. Global Spectrum L.P
      5. Venu Works Inc.
      6. ID&T Belgium
      7. SFX Entertainment
      8. Percept Ltd.
      9. Only Munch Louder
      10. TAG Group
      11. ACFEA Tour Consultants
  7. Analyst Views
  8. Future Outlook of the Market