LONDON (CelebrityAccess) — United Kingdom-based trade association UK Music has released their annual report on the contribution of live music to the country's economy, and by all accounts, business is booming.
According to the report, 27.7 million people attended a live music event in the UK in 2015, with 24 million of that 27 million attending a traditional concert and 3.7 million attending a festival.
As well, the report suggests that music tourism plays a significant role in the success of the country's live sector, with more almost 40% of the overall number representing music tourists. The report states that there was a 16% increase in music tourists, coming to the UK to attend an event over the previous year.
In total, according to UK Music, music tourism contributed £3.7 billion to the UK economy, up 7% from 2014.
"As the statistics show in this report we can be very proud of our contribution to both the culture and finances of the UK but we must always be vigilant to unintended consequences of legislation that threaten our very existence,"" Music UK Chairman and Live Nation UK/Ireland CEO Paul Latham said. – Staff Writers