The Christmas market in Newcastle proved to be a tremendous success, drawing in visitors and income to the city. According to an independent report, the 2023 market welcomed over 1.375 million visitors and generated a near £57m economic boost. The Newcastle City Council and NE1 once again worked together to organize the market, which featured around 50 stalls located in Grainger Street, Grey Street, and Old Eldon Square. The market’s local traders played a prominent role in its operation, building upon previous years’ successes.
The report shows that 97% of those interviewed believed the Christmas market is essential to Newcastle. Moreover, the market received an 86% positive rating, which has remained consistently high over the years, highlighting its broad appeal. The market also improved from its previous year, with 76% of visitors stating that it had more to offer.
The report identified other key findings, such as six percent more visitors than the previous year and an increase in visitors to Old Eldon Square. The market’s geographical pull was evident in the report, with two out of three visitors being from outside the city, particularly from elsewhere within the North East. The total overall spending for the market and the city center amounted to £56.8m, a 19% increase from the previous year.
Moreover, the Grainger Market remained integral to Newcastle’s Christmas offer, with 60% of the Christmas market visitors visiting or planning to visit the Grainger Market on the same day. The report also identified improvements suggested for future years, such as more music, family attractions, and a wider range of stalls, and the council and NE1 are already working on ideas to create a better market for next year.
Councillor Alex Hay, Cabinet member for a Thriving City, expressed his gratitude towards those who took part in the research and acknowledged the market’s overall success. The council remains committed to providing free and accessible events throughout the year, but it is also delighted that there were many visitors from outside Newcastle, which is an opportunity to showcase the city and benefits the economy considerably. The council aims to address all comments, suggestions, and improvements for next year’s market, solidifying Newcastle’s position as a key destination for Christmas markets and a place of pride for its residents.