First comes love, then comes marriage — but in the case of Prince Harry and Meghan Markle — then comes the media circus for one of the most anticipated pop culture events of the year. As Harry and his American bride-to-be tie the knot, the entire British economy is expected to get a major boost.
Keep reading to learn how much money this royal wedding is expected to bring in.
Astronomical Hotel Rates
If you wanted to lodge with front row seats to see Markle join the ranks of other Americans who became royal by marriage, you might have missed your chance. The Harte and Garter Hotel, located across the street from Windsor Castle, already sold out for the royal wedding weekend, but Hello! magazine reported that rooms were going for $14,183 during the wedding weekend dates, with a minimum three-night stay.
The ‘Harry & Meghan Tour’
If you wanted to live like a royal, now is your chance. British Tours created “Kate and William tours” that take guests to pivotal spots in the couple’s relationship — and they’re back for more with Harry and Markle are next up. Repeat the magic with the spots frequented by the latest royal romantics including stops at the upscale nightclubs Harry frequented, according to the New York Times.
Brand Finance estimated that of the 500 million pounds the royal wedding will bring in from tourism revenue, 10 percent would be from merchandise sales — which amounts to $69 million. The two biggest must-have items include commemorative mugs and tea towels, and high-end trays and plates, according to the New York Times.
Estimated Royal Wedding Earnings
The wedding between Prince Harry and Meghan Markle is expected to bring an additional $689 million to Britain’s economy with earnings from hotels, tourist attractions and merchandise — and that number is a conservative one if Prince William and Kate Middleton’s wedding was any indication.
The last royal wedding was originally estimated to attract a total of 4 million visitors over the long-term, earning Britain an additional $2.75 billion over the years, according to The Guardian.
Keep reading about what it’s like to be the royal family.