Coldplay boosts Ahmedabad’s economy in two-day concert
Coldplay hosted one of the world’s biggest concerts in Ahmedabad, generating an economic boost for the city. The event is considered the largest global concert after Taylor Swift’s record-breaking shows on her world tour.
The two-day Ahmedabad concert reportedly surpassed attendance records for Coldplay, beating Texas Stadium’s previous record of 110,905 attendees. Ahmedabad saw a staggering crowd of 1,25,500 people on January 25 and in two days 2.5 lakh people have visited the concert.
Ticket sales and economic Impact
Approximately 2 lakh tickets were sold for the concert. Assuming an average ticket price of ₹12,000 per person (lowest being ₹2,500 and the highest ₹25,000), this amounts to around ₹240 crore in estimated revenue from ticket sales alone.
Boost to travel, hospitality, and food industries
The concert days contributed substantially to the local economy. Metro services reported around 4 lakh passengers over the two days, generating ₹66 lakh in revenue. Additionally, ride aggregator services experienced a surge in demand, further contributing to both the city and national economy.
Hotel prices skyrocketed during the concert period, with room rates reaching up to ₹13,000 per night on average and the price even exceeded ₹2 lakh per night stay on concert day.
Most attendees were from outside Ahmedabad and even from other states, significantly benefiting the hospitality sector, including private home stays.
The food industry also saw a surge in demand, with restaurants packed and food delivery orders increasing sharply.
India as a concert destination
The successful hosting of the Coldplay concert demonstrates India’s capability to accommodate large-scale international events. This success is likely to attract more global artists and concerts in the future, further boosting the country’s event and tourism industry.
Following Coldplay’s success, many fans are hopeful that Taylor Swift may now consider including India in her global tour schedule, further cementing India’s status as a preferred destination for world-class performances.
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