Exploring the Expanding Music Tourism Market: A Decade of Opportunity

The global music tourism market is poised for substantial growth over the next decade, with a projected Compound Annual Growth Rate (CAGR) of 9.2% from 2024 to 2034. Valued at USD 6,440 million in 2024, the market is anticipated to surpass USD 15,527.9 million by 2034—representing a remarkable 2.4X increase in market value. This growth is largely driven by the surge in global music festivals, an expanding fan base, and the evolving relationship between music and travel.