Taylor Swift is boosting the economy with her Eras Tour, Federal Reserve says

Since its start on March 17, Taylor Swift’s Eras Tour has taken cities across the country by storm. Now, the Federal Reserve has found that Swift’s tour is helping boost the economy.

The Philadelphia Federal Reserve office announced Wednesday that Swift’s tour has helped boost hotel revenues in the city. The announcement came in the central bank’s Beige Book, which summarizes how different parts of the economy are doing in cities across the U.S.

“Despite the slowing recovery in tourism in the region overall, one contact highlighted that May was the strongest month for hotel revenue in Philadelphia since the onset of the pandemic, in large part due to an influx of guests for the Taylor Swift concerts in the city,” Philadelphia Federal Reserve officials reported.

Swift occupied the Lincoln Financial Field in Philadelphia with her tour earlier this year, performing on May 12, 13 and 14 with her 44-song set list.

Chicago sets record for total hotel rooms occupied

Other cities have recognized Swift’s contributions to the economy, including Chicago, who’s tourism and marketing organization Choose Chicago stated that Swift’s tour run in the city in early June helped set an all-time hotel record.

This just in! ????

Chicago set its new all-time record for total hotel rooms occupied!

Thanks to three nights of Taylor Swift, the ASCO Annual Meeting, the James Beard Awards and more.

This isn’t just post-pandemic–we had more rooms filled than ever in Chicago’s history! pic.twitter.com/OqEGB3ZB2C

— Choose Chicago (@ChooseChicago) June 7, 2023

More than 44,000 hotel rooms were used each night of the concert, which ran from June 2-4, and $39 million was generated in hotel revenue for Chicago, according to Choose Chicago. The organization also stated that other events that weekend, including the James Beard Awards and the ASCO Annual Meeting, contributed to the tremendous number of occupied rooms.

Taylor Swift’s Eras Tour extended

Swift recently extended the tour, announcing dates at locations in South America, Asia, Europe, the United Kingdom, Australia and more.

EXCUSE ME HI I HAVE SOMETHING TO SAY 🙋‍♀️ I can’t wait to see so many of you on The Eras Tour next year at these new international dates! Visit https://t.co/EYBevxhQzH for more information on your registrations, pre-sales and on-sales!! pic.twitter.com/G8zx8QUUAV

— Taylor Swift (@taylorswift13) June 20, 2023

With the extension of the tour with international dates, Swift is now expected to end the Eras Tour on Aug. 17, 2024, in London.

Denver, Colorado, is the next city that Swift will appear in, with her shows happening on Friday, July 14 and Saturday, July 15.

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Kate Perez covers breaking and trending news for USA TODAY. You can reach her at kperez@gannett.com or on Twitter @katecperez_.