Love the latest Instagram Stories update! Now you can tag the location and add the hashtag there from the Sticker panel.⠀
Setting the geotag you have the chance to get featured on the Explore page among other Stories from the same or location around.⠀
Tagging the hashtag will get you to the hashtag search result. When someone searches for the hashtag you used, they will see the featured stories, which used that hashtag.⠀
If you go to the Explore page you will see the Location and Hashtag Stories at the top. From the Stories I posted, it seems the next geo-tagged Story goes to the Explore page and starts getting more views from the random people who check the place Stories while the previous videos get more follower's views.