Which festival offers the best value for money?

Isle of Wight Festival 2012

As the music festival season engulfs us, fans will be shelling out a small fortune to see their favourite bands and artists perform in parks and fields across the country. For the fans it will be worth every penny spent on tickets, travel and tents.

However, a new study claims that some festivals are dramatically better value than others: so which are the best value?
Discount website Netvouchercodes.co.uk crunched the numbers to work out what it would cost to see the two biggest acts each day in separate gigs - and then compared this to the cost of the festival tickets.

Best Value

The title of best value summer music event goes to the Isle of Wight Festival - which took the top spot by quite some margin. The three-day festival running from June 14 offered a saving of £117 versus seeing the top acts separately. The cost of seeing The Stone Roses, The Killers, Bon Jovi, Blondie, Ellie Goulding and Sub Focus would come to £302 but a festival ticket is only £185.

July's Love Box festival in London was the next best overall - with the ticket price of £99 offering a saving of £55 over the cost of seeing acts including Plan B and Goldfrapp separately.

Warrington's Creamfields festival in August was named as the third best value summer music event with the ticket price of £160 offering a saving of £42 over the cost of seeing the line up of dance acts including Groove Armada, The Prodigy and David Guetta separately.

Glastonbury is still Britain's biggest festival and the ticket price of £205 means it is the most expensive to attend - yet it offered only the seventh best value to fans with a saving of just £21 over the cost of seeing acts such as The Rolling Stones, Arctic Monkeys and Mumford & Sons separately.

Worse value?

At the other end of the spectrum, the website also named three festivals as being more expensive than seeing the top acts separately.

Of course, this is purely based on the top two acts each day and there will be those who argue that they will see far more, making the festival better value. Likewise there will be those who would say that the attraction is the festival atmosphere itself.

Never-the-less, if you fork out for T In The Park in Kinross, Scotland, Global Gathering in Stratford, and the Latitude festival in Southwold, you'll end up paying more than if you saw the top two acts each day in separate gigs.

Latitude came out worst by this particular measure, as the £190 ticket price works out at £34 more than the cost of seeing the leading acts, Bloc Party, Kraftwerk, Foals, The Maccabees, Hot Chip, and Grizzly Bear separately.

A spokesman for Netvouchercodes.co.uk said: "The acts on the bill at Latitude are much lower profile and therefore the cost of seeing the acts separately works out so much cheaper. Of course going to a festival is about much more than the bands and we are sure everyone who has a ticket to each of these events will have a fantastic time."

Other measures?

There are, of course, other valid measures of what makes a festival great value. Last year the winner of the title of Best Major Festival at the annual awards ceremony for the industry was Bestival, which also took the title in 2010 (Glastonbury took it in 2011). Meanwhile Download won the award for best lineup, and Lodestar took the title for best toilets.

Alternatively, you could look at overall prices. At £97 for two-days Manchester's Parklife festival looks like the cheapest budget option. Meanwhile, at £148 for three days, Wakestock is the cheapest three-day festival in the line-up.

Then you could factor in the weather. Anyone who braved the mud at the Isle of Wight festival last year (pictured) may not have been patting themselves on the back for excellent festival selection.

But what do you think? Is value for money an important consideration, or are there more important things to worry about when you're weighing up the festivals? Let us know in the comments.

The results

Isle of Wight £117 saving
Lovebox £55 saving
Creamfields £42 saving
Kendal Calling £34 saving
Bestival £33 saving
Parklife £27 saving
Glastonbury £21 saving
V Festival £16 saving
Magic Summer Live £15 saving
Rockness £14 saving
Wakestock £13 saving
Reading Leeds £12 saving
Download £9 saving
Green Man £5 saving
T in the Park £8 more
Global Gathering £19 more
Latitude £34 more
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