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PwC: Sector to benefit from Royal Wedding
New research by PricewaterhouseCoopers (PwC) has revealed that this Friday's (29 April) Royal Wedding is expected to benefit the hospitality, tourism and night economy sectors.
Findings from an "extensive" PwC survey of adults has found that the event will generate around £107m in visitor expenditure for London's economy. It is thought that 560,000 adults from across the UK will travel to the capital, with 185,000 people expected to stay in hotels and a further 50,000 staying in bed and breakfasts.
Meanwhile, 60 per cent of those questioned by PwC intend to visit a pub; 45 per cent are to visit nightclubs; and 40 per cent plan to go to a restaurant. Cinemas, theatres and casinos are also expected to benefit as a result of the Royal Wedding, while more than half of the expected visitors say they will visit tourist attractions.
PwC economist Mark Ambler said: "Our survey suggests that the wedding will be a great economic boost for London's economy and a good indicator of the potential economic benefits of the Olympic games, when more than ten times this number of visitors is expected." Image: The wedding will take place at Westminster Abbey – lacihobo