Taylor Swift Tour: Taylor’s concert tour has brought five billion dollars to the global economy.
According to the State Bank of Philadelphia, Taylor Swift’s concert tour has helped increase travel and tourism in the area. According to the estimates of the market research institute QuestionPro, his concert tour has brought five billion dollars to the global economy.
Taylor Swift Tour, Other cities in the United States have reported similar effects from the popular pop star’s concert tour. The Central Bank of Philadelphia report states: “Despite the slow growth of tourism in this region, in May we saw the highest revenue for hotels in this state since the beginning of the Corona epidemic. This is partly due to Taylor Swift’s concert and her large audience.”
The Chicago Convention and Visitors Bureau announced last month that a new record number of hotel rooms were booked in the city, thanks in part to Taylor Swift’s three-night concert at Soldier Field Stadium. The annual meeting of the Society of Clinical Oncology as well as the James Beard Award have been held in this city. With the end of the Corona epidemic, cultural and artistic events seem to attract more audiences than before this epidemic.
Taylor Swift Tour: Taylor Swift Shook The Economy Of America
Taylor Swift Tour, The Chicago Convention and Visitors Bureau announced last month that a new record number of hotel rooms were booked in the city, thanks in part to Taylor Swift‘s three-night concert at Soldier Field Stadium. The annual meeting of the Society of Clinical Oncology as well as the James Beard Award have been held in this city. With the end of the Corona epidemic, cultural and artistic events seem to attract more audiences than before this epidemic.
“You have to count on Taylor Swift,” says Julie Calvert, CEO of Visit Cincy. Swift’s economic impact is staggering, as her fans travel from far and wide to attend her concerts, and local hotels, restaurants and attractions are filled with their presence. “Swift’s impact on tourism is a testament to his ability to attract audiences and economic growth.” According to the report of the music magazine Pollstar, Taylor Swift’s “Eras” tour has grossed more than 300 million dollars so far by selling more than 1.1 million tickets with an average value of 253 dollars.
Taylor Swift Tour, In a research with a statistical population of 596 Taylor Swift fans, QuestionPro Institute concluded that each of her concert audience spends an average of 1,300 dollars to attend each program. This cost includes concert tickets, clothes, travel and food. Also, 71% of Taylor Swift’s fans in these concerts believe that participating in it was worth the cost, and 91% said that they would participate in it again.
In another similar case, according to Michael Gran, economist and president of Danske Bank, the two concerts of American R&B singer Beyoncé in May in Stockholm, Sweden, have also affected the economy of this city. Hotel prices skyrocketed and inflation rose by 0.2 percent.
Taylor Swift Tour, According to Forbes, Beyoncé’s “Renaissance” tour can earn up to two billion dollars. The estimated revenue for Taylor Swift’s “Eras” tour is $1.6 billion.
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