Close X
Wednesday, December 4, 2024
ADVT 
National

Economic impact of Taylor Swift's Eras Tour in Vancouver estimated at $157 M

Darpan News Desk The Canadian Press, 26 Nov, 2024 10:55 AM
  • Economic impact of Taylor Swift's Eras Tour in Vancouver estimated at $157 M

Tourism body Destination Vancouver says Taylor Swift will bring an estimated $157 million economic impact to the city next week with the three final concert dates of the record-breaking Eras Tour.

Destination Vancouver says the forecast includes $97 million in direct spending on items including accommodation, food and transport.

It says the Eras Tour is expected to bring more than 150,000 Swifties to BC Place over the three shows from Dec. 6 to 8, and has resulted in more than 82,000 rooms booked across the region.

The tourism organization made the calculations with BC Pavilion Corporation, which operates BC Place,  and says 70 per cent of direct spending will be from out-of-town fans.

It says the economic boost will bring more than $27 million in total tax revenue for all three levels of government.

The Vancouver dates that close out Swift's two-year world tour come after six sold-out concerts at Toronto's Roger's Arena, which spanned two weeks and concluded Saturday.

Destination Toronto had estimated $152 million in direct spending, which was expected to grow to $282 million as the money continued to circulate. 

The Eras Tour has touched down in five continents and will have clocked nearly 150 performances by the time it's over. 

Destination Vancouver says fan events are planned across the city, including 13 Taylor Swift-themed lighting installations in the downtown core starting Friday and ending a week later on the day of the first show. 

"Destination Vancouver volunteers will be on hand to assist fans with directions and information over the concert weekend and to hand out special ‘Vancouver’ friendship bracelets," the organization says.

Mayor Ken Sim says in a news release about the economic impact that he is "thrilled" Vancouver was chosen to host the last stop on Swift's tour.

"This iconic event hasn’t just captivated audiences around the world, it has translated into a huge economic boost for every city it has visited, and Vancouver is no exception," Sim says. 

"Vancouver is proud to be a world-class city, and hosting an event of this scale only strengthens our place as a top-tier global destination."

Destination Vancouver says B.C. charities have also been "significantly boosted over the last month through donations of tickets and prize packages" via its Community Benefits Program, with the tickets auctioned or raffled to raise funds. 

MORE National ARTICLES

Prime Minister Trudeau makes trip to Bermuda to eulogize longtime family friend

Prime Minister Trudeau makes trip to Bermuda to eulogize longtime family friend
Prime Minister Justin Trudeau is travelling to Bermuda today to give a eulogy at the funeral for businessman Peter Green. Green was a lifelong family friend to Trudeau and, as reported by the National Post, his family owns a luxury estate in Jamaica where Trudeau has stayed at no cost.

Prime Minister Trudeau makes trip to Bermuda to eulogize longtime family friend

Chrystia Freeland says carbon rebate for small businesses will be tax-free

Chrystia Freeland says carbon rebate for small businesses will be tax-free
Deputy Prime Minister and Finance Minister Chrystia Freeland says the Canada carbon rebate for small businesses will be tax-free. In a statement posted to X late Tuesday, Freeland clarified the parameters of the program after an advocacy group for small business raised concerns that the rebate would be a taxable benefit.

Chrystia Freeland says carbon rebate for small businesses will be tax-free

Swearing-in ceremonies at B.C. legislature mark start of new political season

Swearing-in ceremonies at B.C. legislature mark start of new political season
The two Greens — lawyer Rob Botterell, representing Saanich North and the Islands, and geological engineer Jeremy Valeriote, of West Vancouver-Sea to Sky, who were elected on Oct. 19 in a tight election race — could play pivotal roles in the legislature, where Premier David Eby's New Democrats hold a slim one-seat majority.

Swearing-in ceremonies at B.C. legislature mark start of new political season

Trump's appointees have criticized Trudeau, warned of border issues with Canada

Trump's appointees have criticized Trudeau, warned of border issues with Canada
Donald Trump's second administration is filling up with some of his most loyal supporters and many of the people landing top jobs have been critical of Prime Minister Justin Trudeau and security at Canada's border. One expert says there are not many Canadian allies, so far, in the president-elect's court.

Trump's appointees have criticized Trudeau, warned of border issues with Canada

RCMP say three men arrested in B.C. have ties to Mexican drug cartels

RCMP say three men arrested in B.C. have ties to Mexican drug cartels
RCMP federal investigators have arrested three men in British Columbia they believe are connected to a transnational organized crime group connected to Mexican drug cartels bringing cocaine into Canada. They say officers also seized 23 firearms, several thousand rounds of ammunition and "multi-kilos of illicit drugs" from a home in Surrey, B.C.

RCMP say three men arrested in B.C. have ties to Mexican drug cartels

3 charged in a drug operation in Richmond

3 charged in a drug operation in Richmond
Police in Metro Vancouver say three people have been charged after a multi-year investigation into an alleged drug trafficking operation in Richmond. R-C-M-P say the probe began in November 2021, and searches at multiple properties in that city, as well as Vancouver, turned up some 15-hundred tablets of alleged M-D-M-A as well as 3.6 kilograms of methamphetamine.

3 charged in a drug operation in Richmond