The Business Times
business-time-50

Taylor Swift’s six shows estimated to boost Singapore’s economy by up to S$500 million

Megastar’s concerts could give longer-term boost to Singapore’s reputation

google-preferred-sourceAdd BT as a preferred source

Benicia Tan

Published Fri, Feb 23, 2024 · 04:03 PM
    • The Singapore leg of Swift’s The Eras Tour kicks off at the National Stadium on Mar 2, with a total of six sold-out shows amounting to over 300,000 tickets sold.
    • The Singapore leg of Swift’s The Eras Tour kicks off at the National Stadium on Mar 2, with a total of six sold-out shows amounting to over 300,000 tickets sold. PHOTO: AFP

    POP star Taylor Swift’s six concerts in March could boost Singapore’s economy by up to S$500 million in tourism receipts, according to economists’ estimates.

    “Assuming that the majority of concertgoers are flying in from other parts of Asia, the tourism receipts related to Taylor Swift’s tour can come in at S$350 million to S$500 million,” said Erica Tay, director of macroeconomic research at Maybank.

    DBS economist Chua Han Teng had a similar estimate of S$300 million to S$400 million in revenue, or an estimated 0.2 per cent of Singapore’s first-quarter gross domestic product.

    taylor swiftSingapore tourismHotelsSingapore economySpotlight

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS shares rise 1.9% to hit all-time intraday high as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More