Scots splashed cash during Coronation week
Pubs, bars, cafés and restaurants in Scotland enjoyed a bigger uplift in the week of the Coronation than any other part of the UK, according to new data.
Hospitality businesses north of the border reported a 10% rise in trading activity in the week leading to the bank holiday on 8 May compared to the week before the May Day bank holiday.
Despite the event taking place in London, the city saw only a 7% increase, while the southeast and Wales experienced the smallest rise of just 4%. Northern Ireland also enjoyed a strong uplift, with 9% higher spending.
The figures, compiled by Bank of Scotland, compared spending records between 2 and 8 May to data taken from the same sources two weeks earlier between 18 and 24 April.
Pubs were allowed two extra hours of trading from 5-7 May. While the law only applied to England and Wales, individual councils in Scotland said they would adopt the later closing times.
Scottish spending over the Coronation also rose by a greater amount than during the Queen’s Platinum Jubilee four-day-weekend last year which drove a 3% increase.
Restaurants across the UK were the biggest beneficiaries, with customers spending 12% more than in previous weeks, followed by supermarkets and grocery retailers who saw a 9% increase.
Spending in restaurants on Sunday and Monday rose by 37% and 51% respectively.
Chris Lawrie, area director for Scotland at Bank of Scotland Commercial Banking, said: “It’s fantastic to see the boost the extra day’s bank holiday has given to businesses, many of which will be hoping for a similar surge in demand for the next bank holiday and into the summer.
Regional spending increases 2-8 May compared 18-24 April
Northern Ireland: 9%
North East: 7%
East of England: 6%
East Midlands: 6%
West Midlands: 6%
South East: 4%