There will be among a vociferous minority. There is in any such city that holds such festivals. The local economy, however, will suffer in Edinburgh, as it will in Whitby, Sidmouth, etc... should these events not happen (I see Sidmouth has been cancelled, sadly). And that's people's jobs, pensions, savings and so on. The folk festival is widely welcomed in Whitby, based upon the testimonies of the locals I know, the business owners there that I speak to, and the staff we speak to every year. These blowhards who drone on as if these towns and cities belong to them are best left ignored in my experience.