Santa Clara show could boost The City.
When Beyoncé's chromed-out"Renaissance World Tour" comes to Levi's Stadium in Santa Clara on Wednesday, the spectacle's economic impact is expected to extend to San Francisco, too.
City officials have good reason to believe that the economic impact of Beyoncé's tour will extend from Santa Clara to The City: When she opened her tour in Stockholm in April, a Swedish economist credited her tour driving demand for hotels and restaurants so much that inflation in the country rose. The impact of concerts that actually happened in San Francisco this summer was even more pronounced. Hise said San Francisco hotels reached their highest occupancy rate of the year during Dead and Company's string of sold-out shows at Oracle Park in July.
SF's hotel and tourism industries are expected to grow in 2023 International travel, events and tourism is recovering, bringing visitors who tend to stay longer and spend more to The City Golden Gate Park's Outside Lands gave San Francisco hotels their second-best Saturday performance of the summer. With a minimal amount of hotels surrounding the park, out-of-town festival goers opted to stay in Market Street and Nob Hill-area hotels — which had a 94% Saturday occupancy rate — and rely on prepaid shuttles, buses, trains and rideshares.
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