Thursday, January 04, 2018

Royal Minted

Prince Harry’s wedding to American actress Meghan Markle could provide a 500 million pound boost to Britain’s economy as tourists flock to the country and Britons celebrate.

There were an extra 350,000 visitors to the UK in April 2011 when Harry’s elder brother William married his wife Kate compared to the same month the previous year, according to the Office for National Statistics.

Business valuation consultancy Brand Finance predicted a similar surge in May and in total, it estimates the nuptials will generate some 500 million pounds ($680 million).  Approximately 200 million pounds will come from tourism, travel, hotels. About 150 million pounds would be spent on people having parties and celebrating with 50 million coming from people buying T-shirts, hats and other commemorative items. The wedding would also be worth about 100 million pounds in free advertising for Britain around the world.

Businesses in Windsor are already gearing up to take advantage of the wedding jamboree.

“It’s going to be a massive boost for the economy, it’s going to be great to see so many people here for the wedding and actually to host the wedding itself,” said Andrew Lee, manager of the Harte and Garter hotel opposite Windsor Castle.


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