Madrid Pride is shortened under the acronym MADO, and is an important festival that foregrounds acceptance of and respect towards lesbian, gay, transsexual and bisexual people. A number of street celebrations are held throughout the city and outdoor concerts taking place on six different stages will provide a great amount of entertainment. The central part of MADO is the Statewide Demonstration, which is the largest in Europe.
A large and cosmopolitan community, Madrid has a substantial and active LGBT population. The activity of MADO has helped to encourage similar pride festivals throughout Europe and the rest of the world. Madrid has at least 500 businesses directed towards the LGBT community, including services such as bars, restaurants, night clubs and travel agencies.
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