Sure, most of us at Your EDM hit up music festivals more than the average person — and if you’re reading this there’s a good chance you do, too. According to a new study, people are attending music festivals more than ever before, and the business is growing at a rapid pace to accommodate.
The study by Festicket, Europe’s leading music festival travel platform, reviewed data regarding the large-scale events and people who attend them. Over one million subscribers were surveyed to reveal trends within the growing music festival industry.
Festicket co-founder and CEO Zack Sabban shared:
“After five years of working with festivals worldwide, and gathering data insights from the front-line, it’s amazing to see how the market keeps growing and changing over time. More people are going to festivals than ever before, and they’re travelling further to find the experience they’re looking for. At the same time, festivals themselves are diversifying and expanding, creating more choice for fans.”
The infographic below shares European music festival trends, revealing whats going on in the multi-billion dollar market. Speaking of money – you can see that between 2016 and 2017 the music festival market is projected to grow by nearly $1 billion dollars (an estimated $700 million to be precise).
Photo via Tomorrowland