Federal Reserve credits Taylor Swift's 'Eras Tour' for rise in hotel revenue

Taylor Swift performs onstage during the Taylor Swift | The Eras Tour at Lincoln Financial Field on May 12, 2023 in Philadelphia, Pennsylvania.

Taylor Swift’s Eras Tour has not only been a success since it kicked off in March but apparently, it’s provided an economic boost for one city. The Philadelphia Federal Reserve Office says the 12-time Grammy-winning singer is responsible for a tourism boost in the city.released Wednesday that May was the strongest month for hotel revenue with guest bookings in the area since the pandemic began. summarizes economic conditions at 12 Federal Reserve districts and is released eight times a year. The publication also identifies trends in the economy that may not be apparent in available economic data.

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