CELEBRITY
Taylor Swift’s Eras Tour is projected to boost Singapore economy by over $225M with her string of six sold-out concerts in the city-state alone
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Taylor Swift’s Eras Tour is estimated to boost Singapore’s economy by over $225 million.
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.
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.
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’.
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.
Trade-reliant economy remains fragile, Shivaan Tandon, economist at Capital Economics, told Bloomberg. ‘But growth should pick up more sustainably from the second half of the year.’
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.
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.
During her concert, she made a sweet dedication to him by changing the lyrics of her song Karma again and sang: ‘Karma is the guy on the Chiefs / coming straight home to me.’
After performing her incredible setlist, Kelce waited in the wings to greet and share an embrace with her upon Swift exiting the stage.
Her concert the night before was her penultimate show in the country before Swift can enjoy a two-month break.
In May, she will embark on the European leg of her tour, which will stretch over four months and begin in Paris, France.