Countries with better, bigger, and more competitive concert venues have reaped
economic benefits, especially with the massive and significant influence of
popular international acts like pop superstar Taylor Swift’s Eras Tour and
Coldplay’s World Tour in consumer behavior and spending.
Driving tens of thousands of
‘Swifties’ and concert enthusiasts, the success of these concerts was an
economic stimulus for countries
worldwide, including Southeast Asian countries such as Singapore and
Japan. Filipino fans alike had to spend
big and travel miles to watch the exclusive performance of superstar Swift in
Singapore’s National Stadium while others went to Japan’s Tokyo Dome and
Sydney’s Accor Stadium in Australia. The massive concert gigs boosted the
respective country’s economies, benefitting entertainment, hospitality, retail,
and transport industries significantly.
While Singapore’s strategy for a Southeast Asia exclusive Swift performance piqued interest and likewise piqued its neighboring countries, the strategic move sparked conversations and brought to light what the Philippines can improve on in terms of concert venues.
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.
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.
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.
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.
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.
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