Airbnb Host Hopes Beyoncé’s Chicago Concert events Carry A Tourism Bump

Whereas beyoncé fan gety for the grammy-guy artist’s chicago concert events this weeke, one airbnb host is already a bump in industry, the grand amid a dampened outlook and ongoing financial uncertainty.

Michelle Singleton, A Dwelling owner in Washington Park, Began The use of Airbnb A Few Years Ago to Supplement Her InCome As a Teacher, Help Pay Her Mortgage Her Aspect Aspect Neighborhood’s Black Ancient past. On Airbnb, She RENTS ONE UNIT OF HER-FAMILY HOME, WHICH IS BOOKED THROUGH Also can simply.

“I don’t ti to Inquire of guests what brings insist to metropolis, but in my journey Concert events are the Greatest Drivers of Bookings, ‘Said Singleton, WHO Directs an after-college at sbev chicago impact heart. “Beyoncé’s Concert events Are A pair of of the Greatest Events Coming to the City This Season, SO it wouldn’t surprise with why my guests books for that weekend.”

Airbnb Said it doesn’t Portion Future Reserving Records, But Searches for Stays in Chicago Fill Surged More than 100% for the Week 15, In comparison to Same Time Remaining, an Airbnb Spokesperson Said. Beyoncé’s Cowboy Carter Tour Will Be at Soldier Field Thursday, Saturday and Sunday.

Summer Live efficiency Season is in total 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,” Said.

For the length of Outdated Beyoncé and Taylor Swift Excursions within the US and Europe, Earnings for Airbnb Hosts Rose 38% within the First Half of 2023, In comparison to Same the Year earlier than, the Company Said. Globally, Beyoncé and Taylor Swift Excursions Generated More than $ 100 million in Airbnb Host Earnings in 2023, IT Added.

In June 2023, Three Consecutive Taylor Swift Concert events Helped to Smash an All-Time Resort Weekend Occupancy yarn in Chicago, On the side of a submit-Pandemic Tourism Enhance, Gov. JB Pritzker and Tourism Leaders Said in 2023.

Tourist Visits enjoy a knack-on enact on the local financial system. A 2024 Look of Airbnb Guests within the US Founds Employ $ 205 on Day on Native Ingesting locations, Groceres and Sights For the length of Their Pause.

Airbnb Bookings Can Also Carry Guests Previous The Downtown Tourist Areas.

“Washington park has a deep ancient past – Its the keep the Robert Taylor Properties Former to be,” Singleton Said of the Public Housing Mission. “It ‘Significant to me to portion with Guests who Also can simply Now not Know Mighty About the South Aspect Ancient past.”

In Addition to Concert events, Varied Colossal Events Treasure the Chicago Marathon Are a Immense Driver of Tourism. Outcomes of the 2024 Marathon’s Affect Fill Now not Been Releassed, however the breed has the Larest-Depart Amount of Runners. In 2023, The breed generated a yarn-breaking $ 547 million in financial impact for the City, a 42% Extend from $ 386 million in 2022, Accounting to a Glimpse by Jones & Associates Economics Releassed FROM Bank of The United States.

And Remaining Year’s Nascar Street Generated $ 128 Million in Financial Affect, Accounting to Resolve Chicago, The City’s Tourism Agency.

Indicators of Visitor Cancellations

A Beyoncé Tourism Bump Wold Come As Illinois Resort Alternate Records Shows World Indicators.

Financial Uncetainty and Authorities Funding Cuts Are Hurting Illinois Motels, with 70% Reporting Canceliations from World Travellers, Acciting to A Member Look Performed Remaining Month by the Illinois Resort & Lodging Affiliation. In Addition, 60% of Look Respondents Reported Canceliations of Resort Reservations Tied to Authorities Scoot Cuts.

In January 2025, Chicago became the finest top 10 US resort to yarn years-over -ear declines in resort Occupancy, Day-to-day Price and Earnings for Avilaable Room, Acciting to the Lodging Affiliation.

“Disruptions On the brand new time – Geopolitical Stress, Tariffs, Unclear Financial Outlooks – Lead to Event Cancellations and Reductions Years into the Future,” Keenan Irish, Vice President of Authorities at the Lodging Affiliation, Said This Month.

Singleton Said She hasn’t Noticed A Main Slowdown in Her Airbnb Bookings But Notting Job is Generally Quieter For the length of Iciness.

“Spring and Summer Persistently Carry A Enhance, and Concert events Treasure Beyoncé’s Positively Help Fill the Calendar,” she Said.