The Royal Wedding – a great boost for hospitality
The Royal Wedding will provide a welcome boost to the hospitality industry, according to PricewaterhouseCoopers (PwC).
A survey conducted by the global professional services firm as part of ongoing research to monitor the economic impact of large events in the capital in the run-up to the Olympic Games next year, showed that over 185,000 people planned to stay in hotels for the wedding celebrations, while 50,000 will stay in B&Bs. Around 18,000 travelling to London for 29 April will stay with friends.
37% of visitors planned to stay only for the day while one in five wanted to stay for two nights. Men intended to stay in the capital longer than women.
A quarter of the visitors will spend between £50 and £75 per night on accommodation. One in five will spend between £100 and £149, and over 20,000 people will spend more than £300 a night.
The most popular modes of transport to get to the wedding are car, tube and train. The bicycle was voted a more popular choice than the bus.
In terms of evening activities, 60% of people intend to go to the pub, 45% are going to nightclubs, 40% will go to restaurants, 26% to theatres, 24% to cinemas and 7% to casinos.
Mark Ambler, economist at PwC, said: "Our survey suggests that the wedding will be a great boost for London's economy and a good indicator of the potential economic benefits of the Olympic Games, when more than 10 times this number of visitors is expected."
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By Gemma Rowbotham
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