Connect with us

NEWS

Exclusive:Can superstars still bank on fans splurging for concerts like Taylor Swift and Beyoncé did last year?

Published

on

Taylor Swift's suspicious gesture to make it clear she doesn't want to have kids with Travis Kelce for now

Taylor Swift and Beyoncé raked in some serious concert money in 2023. This year, Swift is continuing her legacy tour and other pop stars such as Olivia Rodrigo and Bad Bunny are taking the stage as Americans are expected to continue spending on live music — though at a slower pace than they did last year.

Taylor Swift's suspicious gesture to make it clear she doesn't want to have kids with Travis Kelce for now

Americans splurged on concerts in 2023, selling out major stadiums and driving up hotel revenues. It was remarkable, given that inflation was elevated and interest rates were at their highest in two decades.

Despite evidence of a slight slowdown this year, (ticket sales for the annual Coachella Valley Music and Arts festival were slower, joining other festivals seeing a similar slowdown in sales, according to Billboard,) there likely won’t be a sharp pullback anytime soon.

The broader US economy is estimated to remain solid throughout 2024, with Federal Reserve officials expecting it to continue expanding and for unemployment to remain low (but edge higher), according to their latest economic projections.

That means fans will have the disposable income needed to snag concert tickets as employers keep pumping out jobs and workers continue to command decent wage growth, according to economists.

There has also been a long-term trend of people focusing their spending more on experiences, especially after the Covid-19 pandemic kept fans stuck at home for more than a year. Demand for concerts remains robust and experts say that musicians are capitalizing on that.

“With the job market and economy holding strong, consumers could continue spending on these tours – and there’s certainly still demand,” Liz Anderson, a content strategist at jobs site Appcast, said in a statement to CNN. “And today’s biggest artists are successful businesspeople backed by huge teams of advisors. They aren’t stupid – they’re looking at the numbers and know when to capitalize on high demand.”

NFL23 hours ago

“Heartbreaking Tragedy: Chiefs Star Passes Suddenly, NFL Cancels Panthers vs. Chiefs Game – Full Details Inside”

Breaking news: The NFL has banned the Kansas City Chiefs after...
NFL23 hours ago

“Kansas City Chiefs Hit with 5-Game Suspension Over Shocking Cheating Scandal!”

LIVE: The Bills vs. Chiefs game is interrupted as Chiefs TE Travis Kelce passes out on the field.
NFL1 day ago

BREAKING NEWS: NFL Cancels Panthers vs. Chiefs Game Following Sudden Passing of Chiefs Player

Breaking news: U.S. Vice President Kamala Harris is leaving the United States and plans to reside in Canada following her expressed disapproval of the 2024 presidential election results.
NFL3 days ago

Breaking news: U.S. Vice President Kamala Harris is leaving the United States and plans to reside in Canada following her expressed disapproval of the 2024 presidential election results.

"Serena Williams' Life in Danger as She Is Rushed to the Hospital, Asking Fans for Prayers."
NFL4 days ago

“Serena Williams’ Life in Danger as She Is Rushed to the Hospital, Asking Fans for Prayers.”

"He's a wife beater and he kicks my kids," Kylie Kelce said as she filed for divorce from Jason Kelce.
NFL4 days ago

Jason Kelce Grieves the Sudden Passing of a Beloved Family Member

BREAKING NEWS: Serena Williams and her husband in tears over the medical condition of their 1-year-old baby.
NFL4 days ago

BREAKING NEWS: Serena Williams and her husband in tears over the medical condition of their 1-year-old baby.

LIVE: The Bills vs. Chiefs game is interrupted as Chiefs TE Travis Kelce passes out on the field.
NFL5 days ago

LIVE: The Bills vs. Chiefs game is interrupted as Chiefs TE Travis Kelce passes out on the field.

Three minutes ago, Chiefs QB Patrick Mahomes was involved in a serious car accident while en route to the Chiefs' clash against the Bills.
NFL5 days ago

Three minutes ago, Chiefs QB Patrick Mahomes was involved in a serious car accident while en route to the Chiefs’ clash against the Bills.

Breaking news: 58-year-old Mike Tyson threatens to take his life following a humiliating defeat by Jake Paul.
NFL6 days ago

Breaking news: 58-year-old Mike Tyson threatens to take his life following a humiliating defeat by Jake Paul.

Breaking news: Mike Tyson's wife in tears as her husband is rushed to the hospital following his defeat to Jake Paul.
NFL6 days ago

BREAKING NEWS: JAKE PAUL’s win over 58-year-old Mike Tyson is canceled after the WBO finds proof of bribery and cheating.

Breaking news: Mike Tyson's wife in tears as her husband is rushed to the hospital following his defeat to Jake Paul.
NFL6 days ago

Breaking news: Mike Tyson’s wife in tears as her husband is rushed to the hospital following his defeat to Jake Paul.

Copyright © 2024 Newswers