King Charles III’s coronation is expected to deliver £350 million ($435 million) in extra sales for UK pubs and restaurants, according to industry bosses.
Hospitality companies will benefit from the extra bank holiday on May 8 and an extension of alcohol licensing hours, which will run from 11 p.m. to 1 a.m. for much of the weekend.
The event “will be a huge lift to businesses dealing with record highs in energy, food and drink costs,” said Kate Nicholls, chief executive of UKHospitality.
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