AssetID: 52898658
Headline: Taylor Swift's 'Eras Tour' is boosting the economy, Federal Reserve says
Caption: The Philadelphia Federal Reserve released its 'Beige Book' on July 12, 'Billboard' reports. The report is released eight times annually and details the economic state of American cities. The latest release indicates that hotels are being booked more than they have been in years due to Swift's fans. "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."
Keywords: Taylor Swift,Eras Tour,Singer,Music,Boost,Economy,Federal Reserve,Released,Fans,Hotel,Revenue,Concerts,City,Contact,Regions,Pandemic
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