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Showing posts with the label Who run the world? Taylor Swift and Beyoncé are fueling the US economy

Who run the world? Taylor Swift and Beyoncé are fueling the US economy

This is definitely an un-cruel Summer The US economy can thank Taylor Swift and Beyonce for the extra leg up. According to CNBC, Swift’s critically acclaimed Era’s tour is set to make more than $1 billion, making it the highest grossing tour of all time. While Beyonce’s ‘Renaissance’ tour, according to CBS, could rack up more than $2 billion from concert shows. The anticipation of the tours, as well as the two pop icons, has also reportedly boosted local tourism within America, with brands and small business stores churning out creative ways to captivate fans, greatly boosting their income. According to the New York Times , a survey by the Federal Reserve shows hotel revenues have risen in the Philadelphia region, where Swift has booked stadiums for her tour, and Sweden has already said Beyonce’s tour is to thank for to help recover from inflation. Moreover, AirBnB reported that the most popular tourist destinations during the Fourth of July weekend was not Greece or Italy, but Ohio...