Taylor Swift’s Eras Tour Boosts London Economy

Taylor Swift’s Eras tour has brought significant attention to London, with a special Tube map celebrating her music. The tour is estimated to generate 300 million pounds for the city’s economy. The mayor's office highlighted the economic impact as Swift is set to perform eight shows at Wembley stadium.


Reuters | Updated: 21-06-2024 19:33 IST | Created: 21-06-2024 19:33 IST
Taylor Swift’s Eras Tour Boosts London Economy
Taylor Swift

Taylor Swift's Eras tour was welcomed by a sparkling London Tube map redesigned in the singer's honour on Friday, as the British capital eyes a 300 million pound ($379 million) windfall.

Swift is due to perform eight shows at London's Wembley stadium, with the first scheduled for Friday, attracting nearly 700,000 fans in total, the mayor's office said in a statement. Aside from spending on tickets and travel, her fans, known as 'Swifties,' splash out on glittery outfits and accessories to depict different musical eras of the 34-year-old's discography.

Swift's billion-dollar tour has helped local economies since its U.S. start last year, although economists are generally sceptical that concert tours or big sporting events give more than a small boost to a country's economy. Transport for London published a special version of its distinctive London Underground map to mark the occasion.

"Taylor's Version" of the map, a nod to her decision re-record some of her work after losing control of the master recordings, replaced names of train stops with her song titles, with "Westminster" renamed "Gorgeous" and "Piccadilly Circus" becoming "Wildest Dreams". The star herself has spent time in the city in the past when she was dating British actor Joe Alwyn, even namechecking popular London spots in her music.

London's mayor Sadiq Khan posted a picture of himself on X, standing outside Wembley stadium revealing a mural of Swift's face capturing the singer's blue eyes and signature red lips. The royal family even got in on the act, releasing a video on social media of the traditional 'Changing of the Guard' ceremony at Buckingham Palace playing one of her songs with the caption: "Can't stop, won't stop groovin'".

Khan's office said Swift's concerts would generate 300 million pounds for London's economy - an estimate based on average tourist spending, and one which assumed almost none of the concert-goers were from the capital. However, this total overstates the boost that Swift's concerts provide to Britain's overall economy, as most fans would have spent the money on other goods and services - if not this month, then sooner or later. ($1 = 0.7909 pounds)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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