BELOW SUPERNAV drop zone ⇩

Taylor Swift boosting local economies across the US

  • The 'Eras Tour' could generate $4.6 billion in total consumer spending
  • Chicago broke its record for occupied hotel rooms when Swift visited
  • Each concertgoer spends an average of $1,300 for the experience

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

(NewsNation) — Taylor Swift fans can’t get enough of her, and cities across the country are seeing a massive economic boost because of it.

The superstar’s “Eras Tour” kicked off in March and local economies are breaking records as tens of thousands of fans flock to see the show.

At the current rate, the “Eras Tour” U.S. tour could generate $4.6 billion in total consumer spending, larger than the GDP of 35 countries, according to an analysis by the Common Sense Institute — a think tank based in Colorado.

That impact is being felt in communities across the country.

In May, Philadelphia saw its highest hotel revenues since the onset of the pandemic, in part, due to “an influx of guests for the Taylor Swift concerts in the city,” according to the Federal Reserve Bank of Philadelphia.

Chicago set a new all-time record for total hotel rooms occupied during Swift’s recent visit, per the city’s tourism bureau. The Chicago Transit Authority said the three-night concert generated more than 43,000 additional bus and rail rides.

Local restaurant owners also saw a boost.

“We’re really excited about all the activity, we’re excited about the commerce coming back to the city,” Martin Murch, owner of Burger Bar Chicago, told NewsNation affiliate WGN.

Out west, Denver saw a surge in economic activity, with Swifties dropping an estimated $200 million in direct spending over two shows, according to the Common Sense Institute.

The so-called “T-Swift Lift” is created by fans like Leigh Rice, who has seen the artist multiple times.

“This is probably our 9th or 10th show,” she said. “I’m going to Portugal next year to see her.”

Between costs like tickets, merchandise and travel, each concertgoer spends an average of $1,300 for the experience, according to recent surveys.

Swift’s first tour in five years spans 17 states and five continents for a total of 131 concerts. It’s currently on track to reach $1 billion in sales, which would make it the highest-grossing tour ever.

Entertainment

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Fair

la

54°F Fair Feels like 53°
Wind
5 mph E
Humidity
48%
Sunrise
Sunset

Tonight

Clear skies. Low 47F. Winds light and variable.
47°F Clear skies. Low 47F. Winds light and variable.
Wind
6 mph NNW
Precip
0%
Sunset
Moon Phase
Waning Gibbous