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Prince Harry's wedding to Meghan Markle 'set to boost UK economy'

Harry, Queen Elizabeth's grandson and fifth-in-line to the throne, will tie the knot with Markle on May 19 at Windsor Castle

Reuters  |  LONDON 

Prince Harry
Britain's Prince Harry and Meghan Markle pose for one of two official engagement photos, at Frogmore House, in Windsor

Harry's wedding to American could provide a 500 million pound boost to Britain's as tourists flock to the country and Britons celebrate, according to an estimate.

Harry, Elizabeth's grandson and fifth-in-line to the throne, will tie the knot with on May 19 at Castle, the royal palace home of British kings and queens for almost 1,000 years.

According to the Office for National Statistics, the wedding of Harry's elder brother to wife in April 2011 led to an increase of 350,000 visitors to the compared to the same month the year before and business valuation consultancy predicted a similar surge in May.

In total, it estimates the nuptials will generate some 500 million pounds ($680 million).

"We think approximately 200 million pounds will come from tourism, travel, hotels," the company's chief executive told

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, he said.

The wedding would also be worth about 100 million pounds in for around the world, he added.

Businesses in are already gearing up to take advantage of the worldwide interest in the couple, with Harry, 33, one of the most popular members of the British royal family and Markle, 36, best known for her starring role in the TV legal drama "Suits", providing some Hollywood sparkle.

"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, and opposite Castle.

British tourism bosses are already predicting 2018 to be a bumper year for the industry, aided by a fall in the value of the pound since the 2016 vote to leave the which has attracted visitors and deterred Britons from vacationing abroad.

VisitBritain, the national tourism agency, estimates that 41.7 million visits from overseas will be made to the in 2018, generating 26.9 billion pounds in the process.

First Published: Wed, January 03 2018. 18:24 IST