Taylor Swift’s concert tour is giving the hotel industry a boost as tourism rebounds from the pandemic, according to the U.S. Federal Reserve.
, a summary of economic conditions published eight times a year.
“Despite the slowing recovery in tourism in the region overall, one contact highlighted that May was the strongest month for hotel revenue in Philadelphia since the onset of the pandemic, in large part due to an influx of guests for the Taylor Swift concerts in the city,” read the report published July 12.
The singer is bringing in ticket sales of more than US$13 million per night, charging an average of $254 per ticket. In a year marked by concert ticket inflation, Bloomberg’s report noted that the cost of Swift’s tickets has risen by $134 since she was last on tour in 2018.Speaking with BNN Bloomberg this week, D.A.
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