Taylor Swift cited by US Federal Reserve after boosting economy with tour

[ad_1]

Shows in Philadelphia increased hotel revenue for the 1st time since the start of the pandemic. ‘The Eras Tour’, which comes to Brazil in November, could become the most profitable tour in history. Taylor Swift during ‘The Eras Tour’ show in May 2023 in Nashville, Tennessee, USA AP Photo/George Walker IV Taylor Swift is boosting local US economies with the first leg of her new tour, “The Eras Tour,” the US Federal Reserve said. The series of concerts, which began in March, will travel across five continents and will come to Brazil in November. On Wednesday, the Philadelphia Federal Reserve announced that the singer’s performances in the city increased the hotel chain’s revenue for the first time since the beginning of the coronavirus pandemic in 2020. The statement was made in the Beige Book, a document released eight times a year by the Fed, which summarizes how the economic situation of cities across the US is doing. Officials wrote: “Despite the slow recovery of tourism in the region in general, a contact noted that May was the strongest month for hotel revenue in Philadelphia since the start of the pandemic, largely due to the influx of guests to Taylor’s concerts. Swift in the city.” Pop Week tells curious facts about Taylor Swift’s new tour Philadelphia is not the only example of a city benefiting from what has been called by Americans the “Swift effect”. According to NBC News, when the singer landed in Cincinnati On June 30th and July 1st, downtown hotels grossed more than $2.6 million. Surrounding hotels grossed more than $5.3 million. “Taylor Swift is a force to be reckoned with” Visit Cincinnati president Julie Calvert said in a statement at the time. “The economic impact Swift creates is staggering as fans travel from far and wide to attend her shows, filling hotels, restaurants and local attractions. Swift’s influence on tourism is a testament to her ability to captivate audiences and drive economic growth.” In Chicago, tourism officials said the city broke hotel occupancy records during the first weekend in June thanks to Swift’s concerts, with more than 44,000 hotel rooms occupied and $39 million in total hotel revenue. Tour could be billionaire According to specialists, “The Eras Tour” is heading to make its name in history as the most profitable tour of all times. If that happens, Taylor will be the first artist to reach those numbers. An estimate from Question Pro says that the money moved into local economies with the shows – including hotels, food and transportation – could reach $ 4.6 billion. Taylor Swift announces 2 more shows in the country after dispute for tickets In Brazil, the tour shows will take place in the following cities: November 18th and November 19th – Rio de Janeiro – Nilton Santos Stadium November 24th, 25th and 26th – São Paulo – Allianz Parque Ser the first time that a tour of the singer will pass through Brazil, but she has already been in the country for a short promotional show in 2012. In September of that year, she gave a 40-minute presentation with her main hits and a duet with Paula Fernandes, in “Long live”.

[ad_2]

Source link