{"id":5576,"date":"2023-11-17T10:28:14","date_gmt":"2023-11-17T09:28:14","guid":{"rendered":"https:\/\/www.exitfondacija.org\/?p=5576"},"modified":"2023-11-22T10:43:44","modified_gmt":"2023-11-22T09:43:44","slug":"research-results-exit-festival-contributes-nearly-250-million-euros-to-serbian-economy","status":"publish","type":"post","link":"https:\/\/www.exitfondacija.org\/en\/news\/research-results-exit-festival-contributes-nearly-250-million-euros-to-serbian-economy\/","title":{"rendered":"Research Results: EXIT Festival Contributes Nearly 250 Million Euros to Serbian Economy"},"content":{"rendered":"<p><b>The 2023 edition of EXIT Festival brought a substantial economic boost to Novi Sad and Serbia, contributing an additional \u20ac21.2 million. This increase raises the festival&#8217;s total economic impact since its inception to nearly \u20ac250 million. This data comes from TIM Center in Novi Sad, which conducts annual surveys during the festival, focusing on the demographics of attendees from Serbia, the region, and abroad, as well as economic indicators and tourism contributions.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Equally significant to its multi-million-euro impact on Serbia&#8217;s economy is the festival\u2019s international promotion of Novi Sad and Serbia. This promotion, which spans the duration of the festival and the periods before and after the event, holds invaluable worth. <\/span><b>For over two decades, visitors, performers, and prestigious global media outlets have spread the incredible experiences they&#8217;ve had at Petrovaradin Fortress around the world<\/b><span style=\"font-weight: 400;\">. These experiences highlight the extraordinary hospitality and collaboration, the unique festival location, the high level of organization, the quality of the music program, and the tourist attractions and beauty of Novi Sad and Serbia.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This July, EXIT was visited <\/span><b>by over 200,000 people from 120 countries<\/b><span style=\"font-weight: 400;\">. According to the TIM Center study, <\/span><b>36.7% of these visitors were in Novi Sad for the first time<\/b><span style=\"font-weight: 400;\">, and <\/span><b>65%<\/b><span style=\"font-weight: 400;\"> were not from Serbia. An impressive <\/span><b>83.5% of respondents stated they visited specifically for the festival<\/b><span style=\"font-weight: 400;\">, underscoring EXIT&#8217;s role in positioning Novi Sad and Serbia on the global tourism map.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The largest groups of international visitors hailed from <\/span><b>Austria, Germany, Russia, the United Kingdom, Hungary, Turkey, Bulgaria, Romania, Ukraine, and France<\/b><span style=\"font-weight: 400;\">. From the regional perspective, <\/span><b>Croatia, Bosnia and Herzegovina, and Slovenia <\/b><span style=\"font-weight: 400;\">led the pack. This year, <\/span><b>46.6% of attendees were first-time visitors<\/b><span style=\"font-weight: 400;\"> to Petrovaradin Fortress, and notably, the number of locals from Novi Sad attending the festival <\/span><b>nearly doubled<\/b><span style=\"font-weight: 400;\"> compared to the previous year.<\/span><\/p>\n<p><b>During the festival, visitors to Novi Sad and Serbia spent an average of \u20ac567 each, marking an 18-euro increase from the previous edition<\/b><span style=\"font-weight: 400;\">. Tourists from <\/span><b>Western Europe<\/b><span style=\"font-weight: 400;\"> spent an average of <\/span><b>\u20ac873<\/b><span style=\"font-weight: 400;\">, up by \u20ac52 from last year, while visitors from <\/span><b>Eastern Europe<\/b><span style=\"font-weight: 400;\"> averaged <\/span><b>\u20ac624<\/b><span style=\"font-weight: 400;\">. <\/span><b>Non-European<\/b><span style=\"font-weight: 400;\"> visitors led the spending with an average of <\/span><b>\u20ac893 <\/b><span style=\"font-weight: 400;\">per person.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The average age of survey participants was <\/span><b>25.5<\/b><span style=\"font-weight: 400;\">, nearly identical to last year&#8217;s 25.7. Highly educated individuals, including students, comprised 77% of the audience, consistent with the previous edition. Among the attendees, 56% were employed, and 35% were students. The <\/span><b>top five favorite stages<\/b><span style=\"font-weight: 400;\"> included Gorki List Main Stage, mts Dance Arena, Visa Fusion, Latino Stage by IDEA, and Explosive.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Like previous editions, this year&#8217;s festival emphasized the importance of mental health, with messages of support and empowerment displayed throughout Petrovaradin Fortress. This was complemented by the activities of the SRCE Center and the initiation of\u00a0 \u201cLife Is Live\u201d campaign.\u201d <\/span><b>Conversations with visitors highlighted issues related to mental health and digital addiction. <\/b><span style=\"font-weight: 400;\">Significantly<\/span><b>, 81% of respondents felt that EXIT positively impacted their mental health. The survey revealed that attendees used their phones for an average of 4.6 hours per day, highlighting the need for increased awareness of digital addiction, an issue EXIT plans to continue addressing.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The research was conducted by the Novi Sad-based \u201cTIM Center,\u201d using a representative sample of <\/span><b>1,393 EXIT visitors<\/b><span style=\"font-weight: 400;\"> during the festival. Only ticket-holding visitors were surveyed, excluding anyone employed at the festival.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2023 edition of EXIT Festival brought a substantial economic boost to Novi Sad and Serbia, contributing an additional \u20ac21.2 million. This increase raises the festival&#8217;s total economic impact since&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5577,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[577,327,928,406],"class_list":{"0":"post-5576","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-exit-en","9":"tag-exit-festival-en","10":"tag-exit-festival-2023-en","11":"tag-exit-fondacija-en"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Research Results: EXIT Festival Contributes Nearly 250 Million Euros to Serbian Economy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.exitfondacija.org\/en\/news\/research-results-exit-festival-contributes-nearly-250-million-euros-to-serbian-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Research Results: EXIT Festival Contributes Nearly 250 Million Euros to Serbian Economy\" \/>\n<meta property=\"og:description\" content=\"The 2023 edition of EXIT Festival brought a substantial economic boost to Novi Sad and Serbia, contributing an additional \u20ac21.2 million. 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