Current:Home > StocksThe Swift impact: Eras Tour stop is boosting Los Angeles' GDP by estimated $320 million -Financium
The Swift impact: Eras Tour stop is boosting Los Angeles' GDP by estimated $320 million
View
Date:2025-04-13 03:05:24
While getting tickets to Taylor Swift's Eras Tour has been a challenge for fans around the United States, entire cities have reaped the benefits of her record-breaking performances over the past several months.
The six days of sold out Eras Tour shows in Los Angeles will bring an estimated $320 million increase to the gross domestic product of the city, according to a new study by the California Center for Jobs and the Economy.
The tour will also increase area employment in Los Angeles by 3,300 and local earnings by $160 million, while bringing in millions of dollars in tax revenue for the city and the state, according to the report. It will generate an expected $17 million in state income tax, $20 million in state and local sales tax, and $9 million in transient occupancy tax.
The estimate includes direct, indirect, and induced impacts and covers only economic activity from the six venue dates. For reference, the 2021 GDP of the Los Angeles metro area was over $1.1 trillion, according to the Federal Reserve Bank of St. Louis.
Eras Tour generating estimated economic impact on par with entire countries' GDP
The Los Angeles leg of the tour is part of a larger phenomenon across the country of Swifties boosting local economies.
One estimate from research firm QuestionPro suggests the tour could generate an economic impact of up to $5 billion, which would be more than the GDP of dozens of counties, World Bank data shows.
When Swift arrives in each city, not only do fans spend money on tickets, but outfits, merchandise, food, drinks, and travel expenses such as transportation and hotels.
More:Swifties' friendship bracelet craze creates spikes in Michaels jewelry sales on Eras Tour
Era' Tour goes global before returning to US
Swift began her tour in March 2023 in Glendale, Arizona, snaking across the country through 20 cities across 27 states. The tour has already broken records, including the most tickets sold in a day by an artist, at 2.4 million tickets.
More:Visualizing Taylor Swift Eras Tour's epic 44-song set list and tracking its surprise songs
While Los Angeles is the last U.S. show for 2023, Taylor Swift announced a second American tour leg last week. She'll perform in Miami, New Orleans, Indianapolis and Toronto in the fall of 2024.
Before that, she'll head to Mexico later this month before taking a break and restarting in South America in November. Swift will spend most of 2024 in Japan, Australia, Singapore and Europe.
Contributing:Yannick Peterhans
veryGood! (6)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Lawyer for Idaho murders suspect Bryan Kohberger wants trial moved to Boise, citing inflammatory coverage
- Tiger Woods' son, Charlie, misses cut at U.S. Junior Amateur
- Now that Biden is out, what's next for Democrats? Here's a timeline of key dates
- Senate begins final push to expand Social Security benefits for millions of people
- Judge’s order shields Catholic Charities from deposition as Texas investigates border aid groups
- Winter Olympics are officially heading back to Salt Lake City in 2034. Everything to know
- Comic Con 2024: What to expect as the convention returns to San Diego
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Escalator catches fire at JFK Airport: At least 9 people injured, 4 of them hospitalized
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Lawyer for Idaho murders suspect Bryan Kohberger wants trial moved to Boise, citing inflammatory coverage
- SCS Token Leading the Trading System Revolution at SSW Management Institute
- Rookies Caitlin Clark, Angel Reese have WNBA's top two selling jerseys amid record sales
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Billy Ray Cyrus Tells Ex Firerose “See You in Court” After Release of Shocking Argument
- 'Moana' star Auli'i Cravalho and Adam Lambert will make Broadway debut in 'Cabaret' revival
- Surprise Yellowstone geyser eruption highlights little known hazard at popular park
Recommendation
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
Mistrial declared in case of Indiana man accused of fatally shooting five, including pregnant woman
Shipwreck hunters find schooner 131 years after it sank in Lake Michigan with captain's faithful dog
Home of the 76ers, Flyers needs a new naming rights deal after Wells Fargo pulls out
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Historic Investments and Accountability Push Chesapeake Bay Cleanup Efforts In Right Direction, Says EPA Mid-Atlantic Administrator
Tori Spelling reflects on last conversation with Shannen Doherty: 'I'm super grateful'
19 Kids and Counting's Jana Duggar Reveals She's Moved Out of Family's House