Organ highlighted The Eras tour as being responsible for moving tourism to cities; the institutions declare that the presence of the singer moves millions to local businesses
the success of Taylor Swift It’s not just limited to audiovisuals. The singer who stayed highlighted in recent months – and that it continues to be one of the most talked about names on the internet – was quoted from the report of Federal reserve system (Federal Reserve System, in Portuguese), the FED, the body responsible for the US economy.
The organization’s observations are consolidated in the Beige Book, a document that discusses the country’s economic conditions. The citation is due to result of the commitment that the tour The Tour of the Ages caused in the country’s economy. Thousands of fans around the world have purchased tickets for performances to be held on five continents, at more than 100 concerts between 2023 and 2024.
The tour started in March, in the United States and the federal institution highlighted the artist’s show as one of the main reasons for the increase in tourism from the city of Philadelphia during the month of May.
“Despite the slow recovery in tourism to the broader region, one highlight is that May was the strongest month for Philadelphia hotel revenues since the pandemic began, largely due to the influx of guests to concerts by Taylor Swift in town,” he hit .
According to the news network NBC News, this isn’t the first time a government agency has credited the singer with boosting local business. In early June, Cincinnati, Ohio City officials said the The Tour of the Ages helped hotels grossing over $2.6 million.
The same happened with hotels around Hamilton County, Ohio, where they grew up more than $5.3 million. The exponential growth in sales has attracted the attention of local entrepreneurs.
“Taylor Swift is a force to be reckoned with,” said Julie Calvert, president and CEO of US tourism group Visit Cincy.
“The economic impact that [Taylor] Swift creates is impressive as fans travel from far and wide to attend her shows, packing local hotels, restaurants and attractions. Her influence on tourism is a testament to her ability to captivate audiences and drive economic growth.”
Movement
The Taylor Swift effect spreads wherever its presence is confirmed. This weekend, the artist took the tour to Denver, Colorado. According to the institution that monitors the local economy, the Common Sense Institute, the concerts are expected to generate $140 million in state GDP. Billboard already forecasts $1 billion in revenue for the tour.
On social media, Taylor shared highlights of the presentation in the city and is already preparing to mobilize Seattle. “So amazed we only have three cities left on the US Eras Tour. This has been my favorite adventure ever. Love and celebrate every second of it. See you in Seattle!!” she wrote.
Source: Terra
Earl Johnson is a music writer at Gossipify, known for his in-depth analysis and unique perspective on the industry. A graduate of USC with a degree in Music, he brings years of experience and passion to his writing. He covers the latest releases and trends, always on the lookout for the next big thing in music.
