Daily Newsletter

16 October 2023

Daily Newsletter

16 October 2023

Signal: hotels in Australia, Japan and Singapore see concert travel boom

Data reveals spikes in searches for hotels in destinations where Taylor Swift and Coldplay have announced concerts.

Eve Thomas October 13 2023

Coldplay's Music of the Spheres concert tour and Taylor Swift’s Eras tour are driving a boom in travel bookings in certain locations.

Fans are flocking to new destinations and offering a global boost to the almost-recovered hotel industry, according to new data on search trends released by travel technology company Amadeus IT Group.

The data reveals a direct correlation between hotel bookings, trips and concerts.

An increase in travel searches has been particularly noted for Melbourne, Sydney, Tokyo and Singapore, reflected in social media conversations and warnings about the declining availability of accommodation near locations on the itinerary.

According to Amadeus’ research, searches for trips to Melbourne and Sydney peaked in June, ahead of the release of Taylor Swift tickets on 30 June. There was a 44% week-over-week increase of searches for trips to these cities in weeks 24 to 26 of the year (12 June to 2 July), with hotel bookings in Melbourne reportedly increasing almost tenfold for Swift’s concert dates compared with the previous year.

Much of this interest came from New Zealand, where the Eras tour will not visit. During the aforementioned period, there was a 240% week-over-week increase in searches for trips to Melbourne and Sydney from New Zealand, with the majority of these searches being for short trips (under a week).

Amadeus concluded: “This indicates that the concert significantly impacted leisure travel booking over business travel during the same period.”

Trips to Singapore also experienced surges in searches during the summer. The first spike came in week 24 (12-18 June) as Coldplay announced its tour dates for January 2024. The second came in week 27 (3-9 July), as Taylor Swift tickets went on sale for Singapore venues.

Bundles that included hotel stays drove custom to the Singaporean hotel industry, with STR finding that occupancy in Singapore for 2-3 March 2024 (Swift’s tour dates) jumped from 6% to 16%.

Concertgoers and influencers warned of the need to book accommodation, driving bookings through recommendations of accommodation near the national stadium, where both Taylor Swift and Coldplay will perform.

Japan has seen a spike in travel-related searches too, particularly around the announcement of the lottery results for Taylor Swift’s concert, which was made on 25 July. This correlated with a 15% increase in domestic searches between weeks 28 and 30 (10-30 July) and a 10% increase in international searches for trips to Tokyo in weeks 29 and 30 (17-30 July).

All three countries have seen recovery within the hotel industry since the lockdown, with GlobalData predicting a full recovery for Australia this year, and Japan and Singapore by 2024.

Our signals coverage is powered by GlobalData’s Thematic Engine, which tags millions of data items across six alternative datasets — patents, jobs, deals, company filings, social media mentions and news — to themes, sectors and companies. These signals enhance our predictive capabilities, helping us to identify the most disruptive threats across each of the sectors we cover and the companies best placed to succeed. 

Gen Z and their impact on the travel and tourism industry

The medical devices industry is highly regulated and therefore can be slow to adopt new technologies to modernize. However, it is realizing the benefits that AI can bring, and AI is now being used in different areas across the entire value chain. Common use cases include data management, remote surgery, diagnostic and procedural AI assistants, and clinical trial design. GlobalData estimates that the AI in medical devices market is expected to grow at a CAGR of >29% by 2027.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close