The huge impact Oasis' homecoming shows will have on Greater Manchester
The iconic Burnage band are playing five nights at Heaton Park starting on Friday (July 11) as part of their much anticipated reunion tour.
Each of the dates -on July 11, 12, 16, 19 and 20 - will be attended by around 80,000, fans meaning almost half a million people will converge on the famous old park on the border of north Manchester and Bury.
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The roughly 400,000 tickets sold account for nearly a third of the number attending the entire 17-date UK tour.
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Each concert is forecast to generate in £55.4 million in fan spending, according to the business and finance firm Novuna.
This, they say, will have a 'net local economic impact' of £95.7 million.
Local pubs, restaurants, hotels, shops and transport services are among those who will see a huge boost.
According to the forecast, £63.2m has been spent on tickets and £17.4m on accommodation, with a further £50m to be spent on travel, including journeys to and within the city region.
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Another £63.8m is expected to be forked out on food and drink, £54m on shopping and leisure across the region, and £28.6m on merchandise.
Theresa Lindsay, Chief Marketing Officer at Novuna Personal Finance, said: 'Oasis are one of Manchester's most iconic exports, so it's no surprise that fans here are leading the charge with spending on one of the most highly anticipated reunions in years.
"With almost £100 million in net local benefit expected from just five nights, this is proof that live music powers our cities far beyond the arena gates. It's a major economic event.
'From pre-show drinks to overnight stays, this tour will bring life to every corner of the city – and showcase Manchester's global pull as a music capital.'
The Greater Manchester Chamber of Commerce say their own estimate is that the shows could be worth more than £100 million.
Subrahmaniam Krishnan-Harihara, Deputy Director of Research, said: "Up to 80,000 are expected to attend each of the five concerts Oasis have coming up in Heaton Park.
"Assuming an average ticket price of £150 (tickets were priced at between £100 - £210), that is £60 million worth of direct ticket sales.
"Taking into account spending on travel, accommodation, food and merchandise, the total economic value could be up to £100 million or more.'
Around 1.3 million fans are expected at music events in the region this summer.
Manchester City Council say that last year alone music and culture had a 'multiplier effect' on other businesses in Manchester and generated an economic impact of more than £342m for the city, as well as supporting more than 4,800 jobs.
John Hacking, the town hall's Executive Member for Skills, Employment and Leisure said: "Manchester is known the world over for our fantastic music scene with music tourism bringing hundreds of thousands of visitors into the city every year.
"The additional boost to the city's economy - already one of the fastest growing in Europe - from music fans attending events in the city is huge, and is felt right across the wider hospitality and retail sector, with thousands of pounds spent by them in our hotels, bars, restaurants and shops.
"The overall positive economic impact on Manchester and the wider city region from the Oasis gigs is expected to be felt across the hospitality and retail sector - from taxi firms to local pubs, bars and restaurants, many of whom are already making plans to take advantage of this temporary boost to their customer numbers."
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