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Invest – Festivals and Events – An Economic Pulse

Economics of Festivals

Cairde Sligo Arts Festival 2025 opens tomorrow, Saturday 5th July. It is just one of an abundance of festivals and events that take place throughout the year in Sligo, all of which contribute to the social and economic vibrancy of the county.

“Festivals and events are a huge driver to enhance the Economic, Community and Social fabric of our society. We are fortunate in Sligo to have an outstanding array of festivals and events both urban and rural, and of varying scales, appealing to different audiences but all animating our calendar year and telling the Sligo story.”

Martin Lydon, Chief Executive Sligo County Council in his Foreword to the County Sligo Festivals and Events Strategy 2025-2029

The Economic Pulse of Sligo: Why Festivals and Events Matter

From the shores of Easkey and Enniscrone to the streets of Sligo town, festivals and events are more than just cultural highlights — they are vital to the economic heartbeat of County Sligo. Whether it’s arts and culture, country music, or the beloved Fleadh Cheoil when it rolls into town, these events bring jobs, spending, and long-term opportunity alongside the craic.

Festivals as Economic Drivers

In a county known for its natural beauty, rich heritage, and creative spirit, festivals are a powerful way to attract visitors and energise local communities. When an event takes place locally, it’s not just the organisers who benefit. Local hotels, B&Bs, restaurants, pubs, taxi drivers, and shops all see a boost in business.

For many small businesses, especially in rural areas, festivals provide a crucial injection of income that can help sustain them through quieter months. Seasonal employment opportunities also arise, from event staff and security to food vendors and artists. These events help keep people engaged locally and offer a platform for showcasing Sligo’s talent and hospitality.

Beyond the Weekend: Long-Term Impact

Festivals don’t just bring short-term gains. They help build Sligo’s reputation as a vibrant, creative destination. A visitor who comes for a weekend of music, sports or art may return for a longer holiday, recommend the area to friends, or even invest in local property or business. The ripple effect is real — and it’s powerful.

How is Economic Impact Measured?

Understanding the true value of a festival means looking beyond ticket sales. Here’s how the economic impact of festivals and events are typically assessed:

• Visitor Surveys: Attendees are asked how much they spent on accommodation, food, transport, and shopping.

• Economic Multipliers: These estimate how money circulates locally, for example, a café owner pays staff who then spend their wages in Sligo.

• Accommodation & Transport Data: Local hotels, taxis, and public transport providers report usage spikes during events.

• Vendor & Ticket Revenue: Organisers track direct income from ticketing and stallholder fees.

• Employment Figures: Temporary jobs created for the event are factored into the overall impact.

Increasingly, events organisers and other agencies will be thinking about these types of facts and figures as well as social impact metrics when thinking about what a festival delivers.

Investing in Sligo’s Future

As Sligo continues to grow as a cultural and tourism hub, festivals and events will remain key to economic strategy. Festivals and events bring people together, celebrate identity, and crucially, support the businesses and communities that make this county so special.

So the next time you attend a local event, know that you’re not just enjoying the moment — you’re helping power Sligo’s future.

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