A series of performances featuring international music icons is poised to enhance London’s economy and elevate the city as “the unrivaled center of music,” according to the mayor of London.

High-profile artists like Beyoncé and Billie Eilish have held multiple shows in the city, while homegrown bands such as Oasis and Coldplay are set to continue this trend.

Approximately 630,000 attendees are anticipated for Oasis’ concerts at Wembley Stadium this summer, with the first of seven events commencing this Friday, potentially generating a financial influx of nearly £500 million.

Local music venues have also drawn audiences, contributing £313 million to the economy in the past year, as reported by City Hall.

Other prominent figures credited for attracting music lovers to London include Usher, who completed a ten-night stint at the O2 Arena in March, as well as BLACKPINK and Stray Kids, who are performing their only UK concerts in the capital.

According to UK Music, around 7.5 million people attended concerts and festivals in London last year, contributing £2.7 billion to the UK’s total £10 billion revenue from the live music sector.

Tom Kiehl, the organization’s chief executive, stated that the reunion of Oasis and the tour of Beyoncé herald a “fantastic summer” for fans.

Meanwhile, Kate Nicholls from UK Hospitality noted that the increased patronage of pubs, bars, and restaurants underscores the significant impact of live music on the broader economy.