A report published by Somerset's Mendip District Council has found that last year's Glastonbury Festival generated over £73 million of spending in the local area.
Each of the 177,500 ticket-holders and traders on site spent on average £293.24, generating approximately £25.6 million, with off-site spending reaching £26.5 million. In addition to that, there was a further £21.2 million in spending associated with staging the event.
Councillor Harvey Siggs, leader of Mendip District Council, said: "The study has provided some important data which will not only help those involved to plan future festivals but also to look at how the festival affects Mendip. This information will enable us to better understand how it affects our local economy, which is so important to many aspects of our lives and business, and has shown us in detail how large-scale events impact on our local area. I hope this study can be used by other festivals and organisations as a key educational tool to demonstrate the value and difficulties of large-scale events".