Taylor Swift’s record-breaking performance at SoFi Stadium in California is anticipated to bring in 320 million dollars (£250 million) for the economy of the area.
Taylor Swift’s Concert in California
According to the organization, theatrical performances are expected to boost Los Angeles County GDP by 320 million dollars (£250 million) taking into account projections such as typical ticket pricing, retail sales, and lodging rates.
Based on research, Taylor Swift’s present performance has the potential to have an enormous financial effect on settlements which function as locations with some calculations spanning as high as $5 billion (£3.9 billion).
In a published article from the Evening Standard, according to new research by the California Centre for Jobs and the Economy, the “economic boom” resulting from musical performances is “critical” for communities in the countryside already recuperating following the coronavirus outbreak.
Businesses in the Los Angeles area continue to be advertising associated activities and products in celebration of the singer’s visit throughout the last week.
Travel and tourism in the area have yet to return to levels prior to the pandemic, rendering the six-day tour’s economic boom particularly essential to the economies of the area and nation. The figures provided solely include revenue generated from the six SoFi Stadium shows.