Close X
Saturday, November 30, 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

B.C. RCMP say multiple victims injured in single vehicle crash

B.C. RCMP say multiple victims injured in single vehicle crash
Mounties on Vancouver Island say they are investigating a single-vehicle crash that left "multiple" people injured.  Sidney North Saanich RCMP say officers were called to a shopping plaza in Sidney at about 2:30 p.m. 

B.C. RCMP say multiple victims injured in single vehicle crash

More medical, law enforcement testimony expected in human smuggling trial

More medical, law enforcement testimony expected in human smuggling trial
The prosecution is expecting to wrap up its case today in the trial of two men accused of human smuggling at the border between Manitoba and Minnesota. Steve Shand and Harshkumar Patel have pleaded not guilty to charges stemming from several border crossings in 2021 and 2022.

More medical, law enforcement testimony expected in human smuggling trial

Surrey RCMP rolling out body cameras

Surrey RCMP rolling out body cameras
Surrey R-C-M-P says they will announce the rollout of body-worn cameras today.  The rollout will be the largest deployment in the province with more than three-thousand cameras expected. 

Surrey RCMP rolling out body cameras

Parole board 'working' to have Bernardo victims' families attend hearing in-person

Parole board 'working' to have Bernardo victims' families attend hearing in-person
A lawyer representing the families of two teenage girls murdered by notorious killer and serial rapist Paul Bernardo said they had been denied the right to deliver their statements in person at Bernardo's upcoming parole hearing. The issue was raised by Conservative Leader Pierre Poilievre during question period in the House of Commons Wednesday.

Parole board 'working' to have Bernardo victims' families attend hearing in-person

B.C. Conservative leader names shadow cabinet, gives job to controversial member

B.C. Conservative leader names shadow cabinet, gives job to controversial member
B.C. Conservative Leader John Rustad has assigned jobs to 41 of his 44-member caucus, including giving a critic's position to MLA Brent Chapman, who faced calls to step down during the campaign over controversial social media remarks. Several groups called on Rustad during last month's election to remove Chapman as his party's candidate over the posts, including one in which he called Palestinian children "inbred walking, talking, breathing time bombs."

B.C. Conservative leader names shadow cabinet, gives job to controversial member

Former PM Stephen Harper appointed to oversee Alberta's $160B AIMCo fund manager

Former PM Stephen Harper appointed to oversee Alberta's $160B AIMCo fund manager
Former prime minister Stephen Harper is the new chairman of the Alberta Investment Management Corp., which oversees more than $160 billion in funds, including pension funds and the Heritage Savings Trust Fund. The move comes almost two weeks after the province's finance minister fired the Crown agency's entire board, along with a number of executives, citing ballooning costs and substandard returns.

Former PM Stephen Harper appointed to oversee Alberta's $160B AIMCo fund manager