Next summer’s Oasis concerts come after analysts estimated that Taylor Swift’s recent Eras tour lifted the UK economy by as much as £1 billion.
Thomas Pugh, economist at RSM UK, said the tour will “undoubtedly be a phenomenal sellout, which will also cause a spike in demand for accommodation and hospitality in those cities lucky enough to be hosting a gig. Research by analysts from Barclays predicted earlier this summer that the pop star could bring a £1 billion boost to the UK.
“Events aren’t just about ticket sales, they have huge impacts on the local area and our hotels, pubs, bars, restaurants will all see the benefit, including extra hours for staff, as well as renewed global attention on the region and its cultural history.” Kate Nicholls, chief executive of trade group UKHospitality, said: “It’s clear the pull of live music is as strong as ever. Hotels will get booked up quickly as fans secure tickets, and pubs, bars and restaurants will all be packed next summer with concert-going fans.”