Current:Home > NewsEchoSense:The Swift impact: Eras Tour stop is boosting Los Angeles' GDP by estimated $320 million -Secure Horizon Growth
EchoSense:The Swift impact: Eras Tour stop is boosting Los Angeles' GDP by estimated $320 million
Indexbit View
Date:2025-04-06 14:48:11
While getting tickets to Taylor Swift's Eras Tour has been a challenge for fans around the United States,EchoSense 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! (9316)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Nicole Kidman and Tom Cruise's Daughter Bella Celebrates the End of Summer With Rare Selfie
- Republicans propose spending $614M in public funds on Milwaukee Brewers’ stadium upgrades
- Tacoma police investigate death of Washington teen doused in accelerant and set on fire
- Small twin
- NFL Week 2 winners, losers: Patriots have a major problem on offense
- Protesters demand that Japan save 1000s of trees by revising a design plan for a popular Tokyo park
- Italy investigates if acrobatic plane struck birds before it crashed, killing a child on the ground
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- For Shakhtar Donetsk in the Champions League, representing Ukraine is a duty to the country
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- 'American Fiction' takes Toronto Film Festival's top prize, boosting Oscar chances
- Kirsten Dunst Proves Her Son Is a Spider-Man Fan—Despite Not Knowing She Played MJ
- Pope meets with new Russian ambassador as second Moscow mission planned for his Ukraine peace envoy
- Global Warming Set the Stage for Los Angeles Fires
- Bill Maher postpones return to the air, the latest TV host to balk at working during writers strike
- In a state used to hurricanes and flooding, Louisiana is battling an unprecedented wildfire season
- Russell Brand allegations mount: Comedian dropped from agent, faces calls for investigation
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Jann Wenner removed from board of Rock and Roll Hall of Fame over comments deemed racist, sexist
North Carolina Republicans seek control over state and local election boards ahead of 2024
UAW membership peaked at 1.5 million workers in the late 70s, here's how it's changed
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
A new breed of leaders are atop the largest US unions today. Here are some faces to know
Hurricane Lee fades, but 'life-threatening' surf persists for thousands of miles: Updates
All 9 juveniles recaptured after escape from Pennsylvania detention center, police say