The Economic Benefits of Taylor Swift’s Eras Tour

Taylor Swift's "Eras Tour" is the sixth world tour held in 2023. It plans to hold 151 events worldwide until the end of 2024. Eras Tours are attracting more and more attention from the government and citizens than before, however, their potential economic value has not been uncovered. This article will use Eras Tour as a case study to explore and analyze the multifaceted and far-reaching impact of concerts on economic growth and learn more about how the profitability of large-scale concerts will drive the overall economy, and how governments and planners can use this profitability to boost the city's economy and regional brand. In addition, the article will point out that large-scale concerts are an opportunity to promote the sustained growth of the city's economy by increasing consumer spending and promoting tourism, catering and other industries, and that cities and local governments should make better use of this opportunity to actively introduce celebrity performances to promote economic prosperity.

Authors

Publication Details

Journal
Transactions on Economics Business and Management Research
Published
2024-12-23
DOI
https://doi.org/10.62051/a1gj9p68
Primary Topic
Sport and Mega-Event Impacts
Type
article
Field-Weighted Citation Impact
0.00
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article

The Economic Benefits of Taylor Swift’s Eras Tour

W. W. Zhang
Transactions on Economics Business and Management Research
Sport and Mega-Event Impacts
article

The Economic Benefits of Taylor Swift’s Eras Tour

W. W. Zhang
article en

Abstract

Taylor Swift's "Eras Tour" is the sixth world tour held in 2023. It plans to hold 151 events worldwide until the end of 2024. Eras Tours are attracting more and more attention from the government and citizens than before, however, their potential economic value has not been uncovered. This article will use Eras Tour as a case study to explore and analyze the multifaceted and far-reaching impact of concerts on economic growth and learn more about how the profitability of large-scale concerts will drive the overall economy, and how governments and planners can use this profitability to boost the city's economy and regional brand. In addition, the article will point out that large-scale concerts are an opportunity to promote the sustained growth of the city's economy by increasing consumer spending and promoting tourism, catering and other industries, and that cities and local governments should make better use of this opportunity to actively introduce celebrity performances to promote economic prosperity.

Transactions on Economics Business and Management ResearchVol. 14
Openalex Percentile: Top 53%
Sport and Mega-Event Impacts
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