# World

How is Taylor Swift Boosting America’s Economy?

Taylor Swift’s Eras Tour is making waves in the economy, with the United States witnessing a surge in hotel revenues.

Statesman Web | July 15, 2023 8:56 pm

How is Taylor Swift Boosting America’s Economy?

Taylor Swift’s Eras Tour continues to make waves across the United States, captivating audiences and now even making an impact on the economy. According to the Philadelphia Federal Reserve, Swift’s tour has played a significant role in boosting hotel revenues in the city.

The recent announcement in the central bank’s Beige Book highlighted the positive effect of Swift’s tour on Philadelphia’s hotel industry. Despite the overall slowdown in tourism recovery, May saw a remarkable surge in hotel revenue, largely attributed to the influx of guests attending Taylor Swift’s concerts in the city. The Lincoln Financial Field hosted Swift’s performances on May 12, 13, and 14, treating fans to an unforgettable 44-song set list.

Taylor Swift’s impact on the economy doesn’t end there. Chicago, another city on her tour, also experienced the positive effects of her presence. Choose Chicago, the city’s tourism and marketing organization, reported that Swift’s performances in early June helped set a new hotel record.

Each night of the concert saw over fifty thousand hotel rooms occupied, generating a staggering $39 million in hotel revenue for Chicago. The city’s thriving events scene, including the James Beard Awards and the ASCO Annual Meeting, contributed to the significant number of occupied rooms during that weekend.

Excitingly, Taylor Swift recently extended her Eras Tour, adding dates across South America, Asia, Europe, the United Kingdom, Australia, and more to address the popular demand of her fans, who fondly call themselves Swifties. With the inclusion of international locations, the tour is now expected to conclude on August 17, 2024, in London.

Next on the tour schedule is Denver, Colorado, where Swift will captivate audiences with her performances on Friday, July 14, and Saturday, July 15. As Swift continues to captivate fans around the world, her impact on the economy and the entertainment industry remains undeniable.