Taylor Swift’s exclusive agreement with Singapore causes tension among Southeast Asian neighbours. At the start of March, several Southeast Asian countries expressed discontent after Singapore secured an exclusive deal for Taylor Swift’s Eras Tour, restricting her performances to Singapore alone within the region. Thailand’s Prime Minister, Srettha Thavisin, even suggested that Singapore had paid Swift up to $3 million (approximately Rs 24.8 crore) for each of her six shows.
However, the Singapore government refuted this claim, stating that the amount was not that high. The pop icon’s performances have generated substantial revenues in numerous countries, including the US, which projected a $4.6 billion boost to its economy from ticket sales, travel, merchandise, and other associated expenditures last year.
Tay Tay’s upcoming performance at the Paris La Défense Arena in France on May 9th is nearly at full capacity, with tickets selling fast. It has a huge venue capacity of 40,000 with the ticket prices ranging from Rs 69,000 to Rs. 6.3 lakhs approx.
$ 4.6 dollars the predicted US economy boost in 2023 due to the Eras tour.
$261 million was the global box office collection of the tour as of Jan 2024
$1.1 billion+ was the Taylor Swift’s net worth in 2023
$ 1 billion dollars revenue generated by the Eras tour by the end of 2023
$55 million total bonus amount claimed to have been given to the tour Crew in 2023
“Swiftonomics” refers to the economic effects and influence of Taylor Swift’s global tour, which has led to a boost in local economies. This surge is evident in increased travel, hospitality, and retail purchases surrounding her shows in various countries.
There was a 275% surge in bookings related to Singapore from March 1st to 9th, coinciding with the concert, compared to the period from March 15th to 23rd.
Qantas and Air New Zealand have respectively added 11,000 and 2,000 extra seats from New Zealand to Sydney for the concerts. Additionally, Air New Zealand has scheduled 14 additional flights for the same purpose.
Come May, coinciding with the next show of her tour, Taylor Swift will also release her next album titled “The Tortured Poets Department.”
Read More: https://chiefwomenleaders.com/
