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Jubilee Weekend to generate £1.5Bn for UK hospitality industry

31st May 2022 - 05:00
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Abstract
The extended bank holiday for the Queen’s Platinum Jubilee promises to be a ‘bumper weekend’ as new research from SevenRooms reports that the national event could create an additional £1.5Bn for the hospitality industry.

The research predicts that 19 million people will flock to hospitality venues such as restaurants, pubs and bars over the four-day bank holiday weekend. The average spend is expected to be around £79 per head based on respondents who plan to go out to a hospitality venue.

The North of England is predicted to lead the way in terms of spend with Leeds tipped to be the biggest spenders followed by London, Bristol, Birmingham and Newcastle.

Danilo Mangano, managing director of international at SevenRooms, commented: “After more than two years of restrictions and challenges, it is clear that people are keen to celebrate the Jubilee in style and take full advantage of the extended bank holiday. Consumers want to spend – and are willing to spend more – on unique and out-of-the-box experiences.

“This reflects a wider trend towards experience-led dining and the desire for that something special. With many venues going the extra mile this bank holiday, restaurants that know their customers best and tailor menus for special events will continue to reap the benefits of guests’ appetite for outstanding hospitality experiences in the future.” 

Written by
Edward Waddell