Prince William's Wedding provided a significant boost to the U.K. economy but can the 5th-in-line for the throne replicate that when he marries Meghan Markle in 2018?
PwC calculated the commercial benefit to London from visitors' expenditure during Prince William's 2011 wedding was £107 million.
- 185,000 people stayed in hotels and 50,000 in B&Bs.
- 25% of visitors spending between £50 and £75 a night on accommodation.
- 20% spent between £100 & £149.
- 36% of visitors budgeted between £75 and £99 per person per day for tourist attractions.
- 20% of people spent £75-£99 on shopping each day.
In the long run, VisitBritain predicted that the 2011 Royal Wedding brought in £2 billion due to the tourism boom.
However, a royal wedding can also negatively impact the U.K. economy. The Confederation of British Industry calculated that the public holiday for the royal wedding cost the U.K. £6 billion in output & revenue losses due to a large number of employees taking time off for the event.
Will Prince Harry's wedding to Meghan Markley have a similar impact?
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