Swiftonomics: Taylor Swift’s Eras Tour will boost UK’s economy by £1 billion

Name: Swiftonomics: Taylor Swift’s Eras Tour will boost UK’s economy by £1 billion | Open Video
Uploaded: 2024-10-07T12:38:15+00:00
Duration: 1 min 56 s

0:00
Love or hate her, you can't deny the monumental success Taylor Swift is achieving in the music world
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It's not true. The global pop icon has become one of the richest people on Earth, reaching billionaire status with her Eres tour, which is about to hit UK Shores
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Sorry, was I loud? In my own house that I bought, with the songs that I wrote, about my own life
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And the concerts are about to hit fans' wallets, too, with the Eres tour
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to bring £1 billion to the UK economy as fans splash out on events across the country
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Shout out to Taylor for pulling up. According to Barclay's Swift Dynamics report, Swifties attending a show are likely to spend on average around 848 in total
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That's more than 12 times the typical cost of a night out
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So let's break down the average Swifty spending. The 1.2 million Swift fans attending concerts in the UK spend
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And an average of £206 on a ticket for the ERAs tour
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On top of that, fans are expected to spend £121 on accommodation and as much as £11 on travel
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with just under 20% of fans surveyed saying they plan to see the Swift concerts in Europe rather than in the UK
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And around a fifth of fans say that they plan on buying a new outfit for the concert
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While around 8% say they're planning on hosting or attending a SWIFT theme event before or after the show
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adding more costs to an already pretty pricey night out. Oh, that's fine. That's honestly just what I wanted
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But despite the size of the swift splurge, research suggests it will not show up in UK's national statistics
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Here at City A.M., we'd like to know. How much do you think you'd spend to see one of your favourite artists live
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Let us know in the comments

Swiftonomics: Taylor Swift’s Eras Tour will boost UK’s economy by £1 billion

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Swiftonomics: Taylor Swift’s Eras Tour will boost UK’s economy by £1 billion

cityam.com