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Taylor Swift and Olympics Push Heathrow Airport to Bumper Summer

October 23, 2024
in Business
Taylor Swift and Olympics Push Heathrow Airport to Bumper Summer
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Taylor Swift onstage at Wembley Stadium in London.

Gareth Cattermole/TAS24/Getty Images

Planeloads of US fans have followed Swift across the Atlantic, creating a phenomenon that the travel company Expedia termed ‘tour tourism.’

In Paris, where the singer kicked off the European leg of her tour with four back-to-back shows, 20% of tickets had been purchased by Americans, The Associated Press reported.

The International Air Transport Association predicted that 2024 would be a record-breaking year for airline profits and passenger numbers. 4.7 billion journeys are expected to be made through airports this year, an increase of 200 million on record pre-pandemic levels set in 2019.

Despite the growth in passenger numbers, Heathrow reported a 3.2% drop in revenue for the first nine months of 2024 to £2.65 billion ($3.44 billion). The airport’s operating company announced plans to invest over £1 billion ($1.3 billion) into the airport this year.

Source link : https://www.businessinsider.com/taylor-swift-olympics-impact-heathrow-airport-raises-annual-passenger-forecasts-2024-10

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Publish date : 2024-10-23 10:02:00

Copyright for syndicated content belongs to the linked Source.

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