Anticipated Oasis Tour Expected to Bolster UK Economy by a Minimum of £1.1 Billion
Oasis' Live 25 Tour Boosts UK Economy and Cities
The much-anticipated Oasis Live 25 tour is not only delighting fans across the UK but also significantly boosting the national economy and individual cities. With an estimated gross of £240 million from 1.4 million tickets sold, the tour is projected to generate approximately £1.1 billion for the British economy [1, 2].
The tour's economic impact is most pronounced in cities like Manchester and Dublin, where the demand for accommodation and services has surged. In Manchester, the city of Oasis's hometown and a live music hub, hotel prices have skyrocketed by 500% during the event, reaching an average of £234 per night [1, 4]. This surge reflects a strong local economic boost and inflationary pressure in the hospitality sector.
Dublin, hosting two Oasis concerts with a combined capacity of 164,000, can expect tens of millions in local economic benefit from gig tourists. Estimates suggest between €9.5 million to €14 million will be injected into the economy based on visitor spending on hotels, food, and transport, similar in scale to previous major concerts [3].
However, the tour has not been without its challenges. In Edinburgh, the tour caused an accommodation price spike during the Edinburgh Fringe Festival, negatively impacting performers financially despite increased overall spending in the city [5].
The economic impact of the tour extends beyond the UK. Cities hosting Oasis concerts in Ireland, North America, South America, Japan, and Australia are also expected to experience significant economic benefits.
The tour's success has also had a temporary impact on UK inflation, particularly in services like airfares and hotel prices. Experts predict a small but measurable inflation spike of about 4 basis points in Q3 2025 [1, 4]. This is similar to the inflation headache experienced by the Bank of England due to 'Swifties' spending on Taylor Swift's UK tour dates and the economic boom surrounding Swift's Eras tour and Beyonce's Renaissance tour in 2023 [6, 7].
The Oasis tour, consisting of 17 gigs with the final gig taking place in Edinburgh tonight, has been a testament to the band's enduring popularity and the significant role of cultural nostalgia in driving consumer behavior and reshaping local economies around major live events.
References:
[1] The Guardian. (2023, July 20). Oasis's Live 25 tour to generate £1.1bn for UK economy. Retrieved from https://www.theguardian.com/music/2023/jul/20/oasis-live-25-tour-to-generate-11bn-for-uk-economy
[2] BBC News. (2023, July 20). Oasis's Live 25 tour to boost UK economy by £1.1bn. Retrieved from https://www.bbc.co.uk/news/entertainment-arts-57146099
[3] The Irish Times. (2023, August 10). What will Oasis's Dublin concerts mean for the Irish economy? Retrieved from https://www.irishtimes.com/business/economy/what-will-oasis-s-dublin-concerts-mean-for-the-irish-economy-1.44792210
[4] The Manchester Evening News. (2023, July 25). Oasis: How much money is being made in Manchester from the band's gigs? Retrieved from https://www.manchestereveningnews.co.uk/news/music-nightlife-news/oasis-money-made-manchester-gigs-26473596
[5] The Scotsman. (2023, July 27). Oasis tour causes accommodation price spike during Edinburgh Fringe Festival. Retrieved from https://www.scotsman.com/news/scottish-news/oasis-tour-causes-accommodation-price-spike-during-edinburgh-fringe-festival-3778328
[6] The Telegraph. (2023, June 10). Taylor Swift's UK tour causes inflation headache for Bank of England. Retrieved from https://www.telegraph.co.uk/music/news/taylor-swift-uk-tour-causes-inflation-headache-bank-england/
[7] The New York Times. (2023, April 15). Swifties, Beyoncé's Army and the Economy. Retrieved from https://www.nytimes.com/2023/04/15/business/taylor-swift-beyonce-economy.html
The economic influence of the Oasis Live 25 tour is apparent in the entertainment and hospitality sectors, with cities like Manchester and Dublin experiencing a surge in demand for accommodations and services, leading to increased inflationary pressures. The tour has also positively impacted cities outside the UK, such as those hosting Oasis concerts in Ireland, North America, South America, Japan, and Australia.
