Current:Home > NewsThe Swift impact: Eras Tour stop is boosting Los Angeles' GDP by estimated $320 million -ProfitLogic
The Swift impact: Eras Tour stop is boosting Los Angeles' GDP by estimated $320 million
Burley Garcia View
Date:2025-04-07 06:47:26
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! (824)
Related
- Intellectuals vs. The Internet
- Hot air balloon crash leaves 3 injured in Indiana; federal investigation underway
- University of Michigan regent’s law office vandalized with pro-Palestinian graffiti
- Larry Allen, former Dallas Cowboys great and Pro Football Hall of Famer, dies at 52
- Meta releases AI model to enhance Metaverse experience
- Miley Cyrus opens up about friendship with Beyoncé, writing 'II Most Wanted'
- Tuesday’s primary in Montana will lock in GOP challenger to 3-term US Sen. Jon Tester
- Trisha Paytas Gives Birth, Welcomes Baby No. 2 With Husband Moses Hacmon
- This was the average Social Security benefit in 2004, and here's what it is now
- Old Navy’s Most Popular Items Are on Sale – Tennis Skorts, Mom Jeans & More, Starting at $7
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- South Korea pledges to retaliate against North Korea over its launch of garbage-filled balloons over border
- Michigan man driving during viral Zoom court hearing had license suspension lifted in 2022
- Most wanted Thai fugitive arrested on Bali after 17-hour speedboat escape
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- For gay and transgender people, these are the most (and least) welcoming states
- Lenny Kravitz Hints at Daughter Zoë Kravitz and Channing Tatum's Wedding Date
- Police probing deadly street party in Ohio believe drive-by shooter opened fire
Recommendation
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Musk’s X is allowing users to post consensual adult content, formalizing a prior Twitter policy
Chicago Sports Network set to air Blackhawks, Bulls and White Sox games
Biden executive order restricting asylum processing along U.S. border expected on Tuesday
Trump's 'stop
Judge affirms settlement of lawsuit filed by family of man who died after police pulled him from car
MLB bans Tucupita Marcano for life for betting on baseball, four others get one-year suspensions
Remains of World War II soldier killed in 1944 identified, returned home to Buffalo