FILMY
Taylor Swift’s latest tour to boost Australian economy, $1.2 billion likely to be generated
Taylor Swift’s concerts in Australia is set to boost the economy of the country by a huge margin. The popular artist is set to perform in Eras tour in Australia mostly in Melbourne and Sydney. It is likely that at least two shows would happen in Melbourne and at least one show might happen in Sydney. There is huge hype among the audience for the show.
One of the fans, Genevieve Mylne, claimed that she has booked a flight, concert tickets, and accommodation for the show. The fan claimed that she would not spend as much on other shows and added she does not feel strong about any other artist. “I definitely wouldn’t spend this much on any other concert. I don’t feel that strongly about any other artist,” claimed Mylne.
Taylor has been having a terrific period as a performer. In the Grammys 2024, she became the artist with the greatest number of awards for ‘The best album of the year’. Even personally, Swift has had a good time. She received a gift from her boyfriend, Travis Kelce, whose side won the Super Bowl 2024. She was personally in the stadium to support Kelce to win it for his side.
Huge boost to Australian economy with Eras tour
The Eras tour is set to generate huge revenue for Australia. In fact, just a single show in Melbourne can generate an estimated revenue of a whopping $1.2 billion. Swift is set to perform at least two such shows. James McIntyre spoke about the same. “The Australian leg of the Eras tour should see a burst of spending on tickets, travel and hospitality, but that’s likely to come at a cost elsewhere in the economy,” said James McIntyre.
He felt that the households could come out to watch the show to eliminate the 16-year-low record of savings rate. “With households under extreme pressure from higher rates, and the savings rate at a 16-year low, concert-related spending could crowd out purchases in other areas, especially in already weak discretionary sectors,” added McIntyre in his statement.