Home Entertainment Taylor Swift’s Eras Tour Sеt to Skyrockеt Singɑporе’s Economy, Projеcted Impɑct Excееds $225M with Six Sold-Out Concеrts

Taylor Swift’s Eras Tour Sеt to Skyrockеt Singɑporе’s Economy, Projеcted Impɑct Excееds $225M with Six Sold-Out Concеrts

Entertainment — 03/10/2024

Taylor Swift’s Eras Tour is anticipated to contribute over $225 million to Singapore’s economy. 

Taylor Swift 's Eras Tour is estimated to boost Singapore 's economy by over $225 million

With six sold-out concerts in the city-state, the 34-year-old singer is projected to boost sectors like hospitality, food and beverage, and retail. 

After performing six concerts in Singapore and wrapping the Asian leg of her world tour, the 34-year-old singer will add $225 million to $300 million to the city-state's economy

According to DBS Bank Ltd. economist Han Teng Chua, the economic impact will be driven by higher foreign tourist spending, particularly from overseas fans attending the concerts. 

Her performances will carry benefits to Singapore's hospitality, food and beverage as well as retail activities, according to DBS Bank Ltd. economist Han Teng Chua per a report by Bloomberg published on Thursday

The concerts are expected to add 0.2 percentage points to Singapore’s GDP in the first quarter. 

'These would be mainly supported by higher foreign tourist spending,' Chua told the outlet, adding that the city-state's economy would be impacted by 'a large number of oversees fans attending the Singapore concerts'

Despite the fragility of the trade-reliant economy, experts believe growth will pick up more sustainably in the second half of the year. 

Because of the 14-time Grammy winner ¿ who enjoyed a date night with her boyfriend Travis Kelce and her bandmates after her concert on Friday ¿ and her six shows, 0.2 percentage points of Singapore's GDP will be added in just the first quarter

Following the Asian leg of her world tour, Swift celebrated with her boyfriend Travis Kelce and bandmates in Singapore. 

The report comes shortly after the Anti-Hero hitmaker wrapped the Asian leg of her world tour. Following her final show at the National Stadium in Singapore, she was spotted celebrating with her NFL star boyfriend, Travis Kelce , and her bandmates at Koma restaurant

Kelce, a Sᴜper Bowl winner and tight end for the Kansas City Chiefs, attended Swift’s show, garnering media attention for the couple. 

The Super Bowl winner, who is the tight end for the Kansas City Chiefs, had attended Swift's show and was seen supporting his pop star girlfriend from the stands. Her concert the night before was her penultimate show in the country before Swift can enjoy a two-month break with her football player beau, who is also enjoying his off-season break

Swift will resume her tour in Europe in May, while Kelce plans to host his Kelce Jam music festival in Kansas on May 18 during the NFL off-season.