The Foo Fighters’ sold-out Launceston show is expected to inject more than $7 million into Tasmania’s economy, with hospitality businesses bracing for their busiest weekend in years.
The American rock legends will perform at UTAS Stadium on Saturday in front of 26,000 fans – the biggest concert the city has ever hosted.
Hospitality Tasmania CEO Steve Old said there was “a real buzz across the hospitality industry” heading into the weekend.
“Headline acts like the Foo Fighters bring energy and confidence and venues across Launceston are preparing for a very busy few days,” he said.
Old said businesses have been making arrangement since the concert was announced in December, increasing staff hours and bringing in casuals.
“It does highlight ongoing workforce pressures, but it also shows how adaptable and resilient hospitality businesses are when major events come to town,” he said.
The state government contributed $500,000 to secure the concert, with the Launceston City Council adding $150,000.
Treasurer Eric Abetz has previously said the investment was expected to deliver an 11-to-1 return.
Business Events Tasmania CEO Marnie Craig said the concert gave investors confidence in the state’s capacity to host major events.
“Demand leads supply and that is a significant win for Tasmania,” she said.
Virgin Australia alone added 700 seats on Launceston routes, while hotels across the city are fully booked.
Old said the economic benefits would extend well beyond Saturday night.
“Visitors often stay longer or explore other parts of the state, which is a real win for Tasmania as a whole,” he said.
“When Tasmania delivers successful major events, it builds confidence for promoters and organisers and helps secure the next big opportunity.”
The concert marks the Foo Fighters’ first Tasmanian show since 2015 and their first ever in Launceston.
