Airbnb Host Hopes Beyoncé’s Chicago Concerts Raise A Tourism Bump

While beyoncé fan gety for the grammy-man artist’s chicago concert events this weeke, one airbnb host is already a bump in commercial, the huge amid a dampened outlook and ongoing economic uncertainty.

Michelle Singleton, A Dwelling proprietor in Washington Park, Started The utilization of Airbnb A Few Years Within the past to Supplement Her InCome As a Instructor, Abet Pay Her Mortgage Her Aspect Aspect Neighborhood’s Murky History. On Airbnb, She RENTS ONE UNIT OF HER-FAMILY HOME, WHICH IS BOOKED THROUGH Can also.

“I don’t ti to Ask company what brings bid to metropolis, however in my abilities Concerts are the Most spicy Drivers of Bookings, ‘Acknowledged Singleton, WHO Directs an after-faculty at sbev chicago affect center. “Beyoncé’s Concerts Are A number of of the Most spicy Events Coming to the City This Season, SO it wouldn’t shock with why my company books for that weekend.”

Airbnb Acknowledged it doesn’t Fragment Future Reserving Files, Nonetheless Searches for Stays in Chicago Maintain Surged Bigger than 100% for the Week 15, When put next with Same Time Closing, an Airbnb Spokesperson Acknowledged. Beyoncé’s Cowboy Carter Tour Will Be at Soldier Discipline Thursday, Saturday and Sunday.

Summer Concert Season is commonly Busy for Singleton.

“LOLLAPALOOZA BRINGS IN A LOT OF GUSTS TO THE CITY, AND I’M HOPEFUL THIS THIS’E’S THIS INFLOW TOO. THERE’S MORE OPPORTY FOR HOSTS LIKE WITH CHICAGO IS IN THE SPOTLIGHT,” Acknowledged.

For the length of Old Beyoncé and Taylor Swift Tours within the US and Europe, Earnings for Airbnb Hosts Rose 38% within the First Half of 2023, When put next with Same the one year before, the Company Acknowledged. Globally, Beyoncé and Taylor Swift Tours Generated Bigger than $ 100 million in Airbnb Host Earnings in 2023, IT Added.

In June 2023, Three Consecutive Taylor Swift Concerts Helped to Smash an All-Time Resort Weekend Occupancy epic in Chicago, Along with a put up-Pandemic Tourism Enhance, Gov. JB Pritzker and Tourism Leaders Acknowledged in 2023.

Tourist Visits comprise a knack-on compose on the local economic system. A 2024 See of Airbnb Company within the US Founds Employ $ 205 on Day on Local Animated locations, Groceres and Sights For the length of Their Defend.

Airbnb Bookings Can Also Raise Company Past The Downtown Tourist Areas.

“Washington park has a deep historical past – Its the effect the Robert Taylor Properties Frail to be,” Singleton Acknowledged of the Public Housing Venture. “It ‘Crucial to me to allotment with Company who Can also Not Know Mighty In regards to the South Aspect History.”

In Addition to Concerts, Other Big Events Fancy the Chicago Marathon Are a Mountainous Driver of Tourism. Outcomes of the 2024 Marathon’s Influence Maintain Not Been Releassed, however the breed has the Larest-Trudge Change of Runners. In 2023, The breed generated a epic-breaking $ 547 million in economic affect for the City, a 42% Amplify from $ 386 million in 2022, Accounting to a See by Jones & Associates Economics Releassed FROM Monetary institution of The usa.

And Closing one year’s Nascar Road Generated $ 128 Million in Economic Influence, Accounting to Desire Chicago, The City’s Tourism Agency.

Signs of Visitor Cancellations

A Beyoncé Tourism Bump Wold Advance As Illinois Resort Industry Files Reveals World Signs.

Economic Uncetainty and Authorities Funding Cuts Are Hurting Illinois Resorts, with 70% Reporting Canceliations from Global Travellers, Acciting to A Member See Conducted Closing Month by the Illinois Resort & Lodging Association. In Addition, 60% of See Respondents Reported Canceliations of Resort Reservations Tied to Authorities Trudge back and forth Cuts.

In January 2025, Chicago used to be among the finest prime 10 US hotel to epic years-over -ear declines in hotel Occupancy, Day-to-day Rate and Earnings for Avilaable Room, Acciting to the Lodging Association.

“Disruptions On the present time – Geopolitical Tension, Tariffs, Unclear Economic Outlooks – Result in Event Cancellations and Reductions Years into the Future,” Keenan Irish, Vice President of Authorities at the Lodging Association, Acknowledged This Month.

Singleton Acknowledged She hasn’t Seen A Main Slowdown in Her Airbnb Bookings Nonetheless Notting Tell is In most cases Quieter For the length of Cold climate.

“Spring and Summer Always Raise A Boost, and Concerts Fancy Beyoncé’s Positively Abet Accept as true with the Calendar,” she Acknowledged.