Spectacle is a major concept scholars use to theorize and analyze emergent forms of urban redevelopment, entertainment, and tourism events and activities. This essay reviews current scholarship on the different conceptualizations of spectacle and highlights the burgeoning scholarship on the sociospatial impacts and consequences of the proliferation of entertainment venues and tourism‐oriented spectacles. Against monolithic conceptions of spectacles as instruments of hegemony, this essay identifies the irrationalities, contradictions, and crisis tendencies associated with the proliferation of entertainment, tourism, and consumption. Because spectacles construct and mediate fundamental social controversies, they have contradictory effects, partly legitimating the system, and partly delegitimizing it. Importantly, tourism and related spectacles and mega‐events unleash conflicts between inclusion and exclusion, democracy and capitalism, domination and resistance, and, in doing so, create new openings for struggle, resistance, and transformation.