Prince Harry and Meghan Markle’s wedding is fast approaching and we couldn’t be more excited about seeing the pair tie the knot next May.
Ever since news of Harry’s proposal broke towards the end of November last year, speculation started about all the different details of their big day – from what kind of dress the Suits actress will wear to which song the couple will enjoy their first dance to as man and wife.
We’ve even been wondering which of Meghan’s close group of A-list girlfriends will make the cut as bridesmaids and whether Harry will cry as he makes his speech.
The couple are tying the knot in May
But it looks like there’s even more reasons to be buzzing about the royal ceremony. According to a report made by consultancy firm Brand Finance, the handsome redhead and his bride’s wedding day will boost the economy of Great Britain by around £500 million.
Wondering what’s being cited as one of the main reasons for an increase in revenue? The hoards of extra tourists who’ll jet in for the occasion.
‘We think approximately £200 million pounds will come from tourism, travel, hotels’, the firm’s chief executive David Haigh told Reuters.
It’s also been estimated by Brand Finance that an additional £150 million will come from revellers throwing parties to celebrate the nuptials and £50 million can be attributed to people snapping up memorabilia in the form of hats, T-shirts and other commemorative items.
The report also states that the occasion would be worth around £100 million in free advertising for Britain globally.
Prince William and Kate’s wedding in 2011 also attracted more visitors to the capital
Prince William and Kate Middleton’s wedding attracted similar attention back in 2011.
The Office of National Statistics revealed that around 350,000 visitors headed to the UK to see the couple exchange vows at Westminster Abbey in London, on 29 April.
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Fancying a different venue to Kate and Wills, Harry and Meghan will say ‘I do’ at Windsor Castle’s St George’s Chapel and local businesses having been busy gearing up for the momentous occasion.
‘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.