Jubilee celebrations help boost retail and hospitality sectors

  • 07 Jun 2022

The UK economy received a massive boost thanks to the celebrations to commemorate Queen Elizabeth's Platinum Jubilee over the four-day weekend.

Data from business analysts across different sectors said spending at restaurants rose 41.5% over the June 2-5 period versus the same period last year as people revelled in the monarch’s 70 year reign.

 

Spending was up 74.2% at pubs, bars and night clubs, while spending on entertainment was up 67.3% and spending on public transport was up 38.8%.

Further data points revealed footfall over the long weekend rose 6.9% versus the average for May.

Footfall for the full week to Sunday June 5 was up 17.1% versus the average for May. The increase peaked at 45.6% on Thursday, before footfall dipped on Saturday and Sunday.

 

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