Swifties are some of the best tippers, Lyft CEO says
Swifties are "more generous" with their tips when attending a concert, Lyft's CEO said.
The Eras Tour has attracted millions of fans around the globe.
Taylor Swift's economic impact spans industries.
Taylor Swift fans are less likely to skimp on gratuities when they're excited to see their favorite pop star perform.
Lyft CEO David Risher said Swifties are good tippers when the Eras Tour comes to town.
"If you're going to or from a Taylor Swift concert, you are much more likely to be a good tipper," Risher said during an interview on the "Leadership Next" podcast.
He compared it to dessert lovers visiting an ice cream shop and tipping up to 50% higher than average once they've had their sugar fix, which he said happens with Lyft customers.
"People's behaviors actually are quite dependent on the mood they're in," he said.
Risher continued: "And if they're singing a Taylor Swift song, I guarantee you they're in a pretty good mood, and they're more generous with their driver."
Swift's impact on the cities she visits spans across industries. Hotels, ticketing platforms, and cities have all credited her with driving up sales and tourism when her fans travel — across continents for some — to attend her show for a night.
Lyft reported that the total number of its rides increased by 7.6% on average in a US city when it hosted an Eras tour concert in 2023.
And tipping makes a difference, according to Uber and Lyft drivers. Recently, they've complained about a decline in tips as Americans push back on tipping culture.
Still, "The Swift Effect," as Lyft called it, isn't limited to financial gains. BBC News reported that homeless people in Scotland in temporary housing are being sent out of Edinburgh to make room for those attending Swift's concerts there from June 7 to June 9. Like other host cities, hotel rooms are in high demand for the three nights Swift will perform.
Lyft also shouted out Beyoncé's Renaissance Tour in its 2023 full-year earnings report.
"Fans flocked to stadiums, with these rides growing by more than 35% year-over-year, driven by high-attendance stadium events including Taylor Swift and Beyoncé concerts," the report read.
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