A new report estimates the impact of the Swift Lift on LA's economy.
The money being generated by the shows is flowing to local and state governments through taxes, the LA tourism industry, local businesses, and residents. About 3,300 new jobs are estimated to be created according to the report.
OTA Insights, a hospitality industry market research firm, reported that hotels in Los Angeles saw a spike in bookings around the tour's LA dates. A recent survey found that concertgoers were spending around $1,300 per show, with a total economic impact of $5 billion to be generated by end of the Eras Tour.
"If Taylor Swift were an economy, she’d be bigger than 50 countries," said Dan Fleetwood, President of QuestionPro Research and Insights, who conducted the national survey. Swift will be headlining SoFi Stadium until Wednesday, Aug. 9 before heading to Mexico City and Europe.
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