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Ultra Music Festival Has Generated Over $1 Billion for Miami’s Economy, Mayor Says

Music Critic

Mar 23, 2024 • 2 years ago • 1 min read • 171 views

Ultra Music Festival Has Generated Over $1 Billion for Miami’s Economy, Mayor Says

Miami's iconic Ultra is proof that music festivals do a lot more than provide entertainment for fans.

As the 25th anniversary of Ultra Music Festival looms in 2025, the event remains a pillar of Miami's economy, providing an annual economic boon rivaled by few.

The city's mayor, Francis Suarez, stated that over Ultra's 24-year tenure, the fest has generated over $1 billion in revenue for the city. That includes the impact to nearby restaurants, boutiques and other retail and service industry businesses.

The 2023 Ultra Music Festival.

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"For a festival, it’s almost been here for a quarter of a century and has produced over a billion dollars in economic activity," Suarez told 7 News Miami, adding that Ultra is a "worldwide event."

Ultra returns this weekend from March 22-24. With a slew of electronic dance music superstars descending on the city to perform as well as festival-goers from around the globe, it's again bound for a massive year from an economical standpoint.

You can find out more about Ultra via the festival's official website.