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Benzinga
  • 2 years ago
Singapore is leveraging concert tourism as a significant economic growth driver, with high-profile performances by global music icons like Coldplay, Ed Sheeran, and Taylor Swift contributing substantially to the country's tourism sector. These music events are proving to be a boon for the city-state's travel-related services, potentially impacting up to 10% of its GDP. Taylor Swift's upcoming concerts in Singapore are expected to sustain the city's concert tourism surge, causing a 10% rise in hotel bookings and heightened flight demand.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Singapore is leveraging concert tourism as a significant economic growth driver,
00:06 with high-profile performances by global musician icons like Coldplay,
00:10 Ed Sheeran and Taylor Swift contributing substantially to the country's tourism sector.
00:15 These music events are proving to be a boom for the city's state travel-related services,
00:19 potentially impacting up to 10% of its GDP.
00:22 Taylor Swift's upcoming concerts in Singapore are expected to sustain the city's concert tourism
00:27 surge, causing a 10% rise in hotel bookings and heightened flight demand.
00:31 Her heiress tour is anticipated to bring in $260 million
00:34 to the $372 million in tourism revenue for Singapore.
00:38 For all things money, visit Benzinga.com
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