Economy

3 articles

Resilient Ukrainian city skyline at dawn with tourists interacting with local vendors, showcasing vibrant local commerce amidst ongoing conflict.

Wartime local services boost tourism revenue past expectations

In the first quarter of 2025, Ukraine's tourism industry paid UAH 799 million in taxes, a figure 27% higher than the same period in 2021, despite the ongoing war.

Derek Molina·May 15, 2026

Thousands of diverse attendees enjoying a sunset performance at a large desert music festival, with vibrant stage lights illuminating the energetic crowd and surrounding landscape.

Events

Coachella, Stagecoach generate $1B, boosting economy.

The Coachella and Stagecoach festivals inject a staggering $1 billion annually into the local economy, dwarfing many traditional industries.

Marco Alvarez·May 10, 2026

A split image contrasting a lively festival with a closed-off, empty park, symbolizing the conflict between economic benefits and public access.

Events

Local festivals could bring £10M to local economy in 2026.

Despite projections of over £10 million for the local economy in 2026, Brockwell Park faces a staggering 24 days of closure for a single series of festivals.

Sophie Nguyen·May 10, 2026