Countries with competitive and spacious concert venues are reaping economic benefits from the massive influence of international acts like Taylor Swift and Coldplay. These concerts draw large crowds, driving consumer spending and stimulating local economies.
For instance, when Taylor Swift brought her Eras Tour to Singapore’s National Stadium, fans from all over Southeast Asia flocked to witness the exclusive performance. Similarly, Coldplay’s World Tour attracted fans to venues like Tokyo Dome in Japan and Accor Stadium in Sydney, Australia.
These concerts have a ripple effect on various industries, including entertainment, hospitality, retail, and transportation. As fans travel and spend money on tickets, accommodation, food, and souvenirs, local businesses thrive.
With the potential for significant economic growth, countries are investing in building and upgrading concert venues to attract more international acts and capitalize on the lucrative music tourism market.
1. Location is key
The Philippines doesn’t lack in big venues. In fact, it boasts of venues that can rival Singapore’s National Stadium and Japan’s Tokyo Dome. Accessibility to the location as well as public transportation and nearby commercial establishments are key.
2. Concert Experience
Photo credit to Stanley Quek. An empty Singapore National Stadium, viewed from the front stage.
Singapore’s pride, the National Stadium, has innovative features such as the world’s largest free-spanning dome, a retractable roof and comfort cooling technology for spectators’ convenience. Its innovation, strategic location, and efficiency bring positive and immersive experiences for enthusiasts and concert fans, making it a magnet for entertainment acts from all over the world. A similar concert venue and experience is something that Filipino concertgoers are hoping the country can replicate.
3. World-class concert amenities and facilities
Accessing the venue’s amenities and facilities should offer a premium music experience for concert enthusiasts or convenience in a sporting event.
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Architectural “Eyecon” SM Mall of Asia Arena prides itself on having exceptional world-class amenities unique in the Southeast Asia region. –Photo from SM MOA Arena official website
FIBA Basketball World Cup 2023 held in SM Mall of Asia Arena – Photo from SM MOA Arena official website
Take for example the SM Mall of Asia (MOA) Arena – a flexible indoor arena developed in 2012 by leading integrated property developer SM Prime – that has been a top-of-mind venue for all sorts of events and offers a unique concert experience. With a full house seating capacity of 20,000, it has been a haven for thrilling sports events, remarkable OPM shows, and unforgettable international superstar performances.
Meanwhile, the SMDC Festival Grounds in Parañaque City is likewise an enormous outdoor venue that can accommodate at least 50,000 people. Ed Sheeran’s Mathematics Tour and Rivermaya The Reunion were among the performers that have graced the stage recently.
4. Achieving Filipinos’ concert dreams
One of the most forward-looking plans of SM Prime is its 360-hectare smart city development which is envisioned to bring in a centerpiece to the country’s entertainment and sporting events – larger in capacity and a more enhanced venue infrastructure that would attract legendary icons in the entertainment scene and compete against Southeast Asia and the world’s best. It will feature an estimated 70,000-capacity stadium and concert arena connected to one of the island’s main destination paradises called Central Park. The sizable arena is envisioned to be the Philippines’ biggest concert venue, with world-class facilities and sustainable features, comparable to other big concert venues worldwide. Once that’s built, Filipinos won’t have to fly overseas because they can watch top-tier performances right from the comfort of their home country.
An artist’s render, visual sketch of the proposed concert venue at Pasay 360 project.
Without a doubt, Pinoys live and breathe entertainment shows. In fact, Filipinos are the 4th top concert spenders in Asia-Pacific according to digital payments company Visa, proof of how passionate we are about concerts. By investing in the development of modern, smart, and accessible concert venues, Filipino concert enthusiasts can continue to embrace and celebrate live performances with the convenience, comfort, and enjoyment they deserve. Beyond entertainment, well-curated, smart, and innovative concert facilities can further drive economic benefits to the Philippines’ national and local economies, including ancillary local spending in retail, tourism, and hospitality.
