According to new research from Key Data, London's tourism industry will receive a boost of over £205 million during the Coronation fortnight. The event has seen a surge in bookings, with
international visitor numbers up 75.1% compared to last year, and overall arrivals in London, including from across the UK, up 47.4% YoY. The research predicts an additional 30,595 overseas visitors, totalling 71,378 foreign tourists during the Coronation fortnight.
This alone is expected to generate an estimated £20 million in additional revenue. All international visitors to London are predicted to spend £67,614,561 during the first half of May, while all 192,406 tourists in the capital will spend an estimated £205,137,727 during the same period. Short-term rental operators in the capital are enjoying a 59.9% increase in revenue overall. Photo by Chiugoran, Wikimedia commons.