Issue 113
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Hospitality Jubilee Spending Boost but Cost-of-Living Squeeze Continues
Last weekend’s extended Platinum Jubilee bank holiday gave the hospitality sector a spending boost with restaurants seeing a 41.5% increase compared to the same period in 2021. Pubs bars and nightclubs saw a collective increase over the four-day period of up to 74%, while spending on entertainment was up 67.3%, with spending on public transport was up 38.8%, according to data from Barclaycard payments. A VisitEngland survey revealed that 5.3 million Brits planned an overnight holiday
break in the UK during the extended Bank Holiday weekend bringing an estimated £1.2 billion boost to the economy, and its ‘Platinum Jubilee Weekend Trip Tracker’ survey also showed that well over a third, 19 million, took part in activities to celebrate the Platinum Jubilee, from attending a ‘Big Jubilee Lunch’ street party to lunch in a pub, restaurant or café, to watching events on an outdoor screen or attending official celebrations.
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