Close X
Monday, December 2, 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

Trudeau directs key adviser to deliver renewed national security strategy

Trudeau directs key adviser to deliver renewed national security strategy
Prime Minister Justin Trudeau has directed a top adviser to deliver a renewed national security strategy setting out a framework for Canada’s security, defence and diplomatic posture. In a mandate letter to national security and intelligence adviser Nathalie Drouin, Trudeau says he expects her to consult Canadians and work through the national security council to develop the strategy.

Trudeau directs key adviser to deliver renewed national security strategy

Drug smuggling intercepted by CBSA

Drug smuggling intercepted by CBSA
The Canada Border Services Agency says officers intercepted 210 bricks of cocaine being smuggled into B-C in three separate incidents. It says the seizures amounted to a combined weight of 246 kilograms worth of drugs that have an estimated street value of more than 6.6 million dollars.

Drug smuggling intercepted by CBSA

Long-awaited carbon rebate for businesses being sent earlier than promised

Long-awaited carbon rebate for businesses being sent earlier than promised
About 600,000 small businesses will start receiving their long-awaited federal carbon rebates today. The federal government has promised to return about $2.5 billion collected from small and medium-sized businesses in carbon pricing since 2019.

Long-awaited carbon rebate for businesses being sent earlier than promised

Passerby stabbed during shoplifting at Vancouver liquor store

Passerby stabbed during shoplifting at Vancouver liquor store
A passerby has been seriously injured after he was stabbed by a shoplifter who was trying to flee a liquor store in Vancouver's Olympic Village neighbourhood. Vancouver police say the attack happened on Saturday at around 10:30 p.m., when a security guard was trying to stop a shoplifter from leaving the liquor store.

Passerby stabbed during shoplifting at Vancouver liquor store

B.C. health minister vows overdose revamp after addictions portfolio is scrapped

B.C. health minister vows overdose revamp after addictions portfolio is scrapped
British Columbia's new health minister says she's aiming for more treatment beds and fewer deaths in a revamped approach to the province's drug overdose crisis. It comes after David Eby's newly elected government eliminated the stand-alone Ministry of Mental Health and Addictions, which advocates say had no "teeth."

B.C. health minister vows overdose revamp after addictions portfolio is scrapped

Canada Post down eight million parcels amid strike as talk carry on over weekend

Canada Post down eight million parcels amid strike as talk carry on over weekend
Canada Post says it has seen a shortage of more than eight million parcels amid the ongoing strike that has effectively shut down the postal system for nine days compared with the same period of 2023. The Crown corporation said Saturday that customers have been forced to turn to competitors for their deliveries amid a work stoppage that began Nov. 15 when more than 55,000 workers across the country walked off the job.

Canada Post down eight million parcels amid strike as talk carry on over weekend