‘Smart’ move: Singapore’s grant for Taylor Swift concerts earns praise and brickbats from fans
- The grant is not enough for Singapore to clinch its exclusive deal with Taylor Swift as stability and infrastructure also matter, analysts say
- Others highlight ‘risk’ because of potential no-show from stars, with Messi football furore in Hong Kong still fresh
Observers who spoke to This Week in Asia said such grants were likely to be given out based on investment returns, although these came with inherent “risks” such as no-shows by stars. They added that other factors, such as infrastructure, stability of the country and connectivity, also weighed in the minds of concert organisers.
“[AEG, the concert promoter] didn’t tell me the exact figure, but they said the Singapore government offers subsidies of between US$2 million and US$3 million,” Srettha told a business forum in Bangkok last Friday, according to a report by The Guardian.
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“But the Singaporean government is clever. They told [organisers] not to hold any other shows in [Southeast] Asia.”
He has since vowed to attract top performers to Thailand, with a range of new measures in the pipelines.
“We can bring A-listers and world-class acts to Thailand. This must be done,” Reuters quoted Srettha as saying on Thursday.
He added the government will offer visa-free travel, change the rules on drinking alcohol at concerts, and adjust operating hours of entertainment venues and when liquor can be sold.
Industry observers said, however, that grants to attract international performers and events were not uncommon.
In a joint response to media queries, the Singapore Tourism Board (STB) and the Ministry of Culture, Community and Youth (MCCY) said a grant was given for Swift’s concerts as they were likely to “generate significant benefits to the Singapore economy, especially tourism activities such as hospitality, retail, travel and dining”.
“In the case of Taylor Swift, MCCY and Kallang Alive Sport Management recognised that there will be significant demand from Singaporeans as well as fans across the region for her to perform in Singapore, and worked directly with AEG Presents for Taylor Swift to perform in Singapore,” the statement said.
The ministry said it was unable to respond to This Week in Asia’s questions on the amount of the grant and whether it was given on the condition of an exclusivity clause “due to business confidentiality”.
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“Feeling super defeated that the Asian fan base had to fight for just the 8 to 9 shows [in Singapore and Japan] and so many had to settle with just The Eras Tour movie,” one online user wrote on Reddit, referring to the name of Swift’s tour.
However, others praised the Singapore government for securing the city state as the only Southeast Asian stop on her tour.
“It’s really smart because there’s an obvious gap in Southeast Asia for it, and they’re [Singapore] trying to be the destination for A-list concerts in the region like Tokyo, London, or New York,” wrote another.
“Speaks volumes on Singapore not resting on their laurels despite already doing so well the past 10 to 15 years. Always pushing and forward-thinking.”
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Kevin Cheong, managing partner at a tourism and destination development consultancy Syntegrate LLP, pointed out that there might be a “risk” in such grants, as unexpected events might prevent Swift from performing.
“Such events are usually insured but what if she falls ill and there’s no show,” he said. “Many things could happen as well … in reality, the risks are high.”
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Not a zero-sum game?
Countries across the region are vying for top stars, whether in sports or entertainment, as their presence offers a much-needed boost in tourism post-pandemic.
Passes for Swift’s shows have shown up on the resale market, including on the e-commerce platform Carousell, and are going for as much as S$3,000 (US$2,200) for a VIP ticket. Her tickets cost from S$88 to S$1,228, depending on the category.
The economic benefits of Swift’s concerts are staggering.
It is estimated Swift’s global tour is likely to surpass US$1 billion in revenue by March, according to a report by Pollstar, a trade publication for the concert and live music industry.
“If we look at the number of incoming visitors [to Singapore] and the length of their stay and their spending, I would think that it would outweigh the grant provided,” said Cheong from Syntegrate LLP.
“It reminds the world that Singapore is here and we are moving towards the direction of attracting high-yield and high-quality tourism. Concerts like these put us on the world map, just like the F1,” he said.
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He said that having these performances also serves as a “destination revival strategy”, which is even more important post-pandemic, with greater demand for live events and travelling.
The grant was highly unlikely the only push factor for Swift’s team to make Singapore her only Southeast Asian stop, industry observers said.
Other considerations such as infrastructure, connectivity, stability and rules are also important considerations for organisers, according to Christopher Khoo, managing director at tourism consultancy MasterConsult Services.
He cited how Beyoncé was forced to cancel her concert in Malaysia in 2007 after protests by Muslim groups, suggesting that such challenges were less likely to happen in Singapore.
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“All the pieces must fit together for concert organisers to consider a country [a good spot to hold a concert].”
But it isn’t necessarily a zero-sum game, he said, adding that the rest of the region also stood to gain if a high-profile concert ran smoothly in Singapore.
“If we show these organisers that Southeast Asia is a lucrative market, some will choose to include other stops like Bangkok and Jakarta rather than just fly to Australia. That way – the whole region wins.”
