UK music events mean big bucks for nation's tourism

News: 17th May 2011 by Louise Dodgson under Finance, Law & Music Business, Live

Source: http://www.flickr.com/photos/36894712@N04/3532126747/

People love going to festivals and large scale music events. They also love heading to spots immortalised on the covers of famous albums such as Abbey Road and Salford Lads Club. And according to a report carried out by UK Music, it turns out this is booming business for the UK and tourism generated by music is contributing £1 billion to the nation's economy.

In a slightly contradictory report in the Guardian, live music is starting to suffer as typical gig-goers are spending more time with their feet up at home. After being heralded as an area of growth in the music industry, figures show that income from live music has dropped by 6.7%.