At the 2021 Pollstar Live! music-industry awards show held on June 16 at the Beverly Hilton, Coachella won the honors of music festival of the decade. Other nominees in that category were Austin City Limits Festival, Bluesfest (Australia), Bonnaroo, Corona Capital Festival, Electric Daisy Carnival (Mexico City), Glastonbury, Lollapalooza Brazil, Lollapalooza Chicago, and Outside Lands.

The pandemic rightfully played into most acceptance speeches, with Coachella founder Paul Tollett acknowledging the need to do right by the many staff and crew furloughed, laid off or otherwise out of work during the pandemic.