The coronation of His Majesty The King is a momentous occasion that deserves to be celebrated throughout the country.
The recent announcement by the Government to extend licensing hours for pubs, clubs, and bars over the bank holiday weekend is a timely boost for the pub industry, which will allow them to host special events and parties as part of the national celebrations… Allowing people to enjoy an extra pint or two in the evening and for families and friends to come together to wish the king a long and happy reign.
However, despite this, new research reveals that fewer than 8% of consumers plan to spend money on drinks in pubs and bars during the coronation weekend. The latest consumer spending tracker from Barclaycard also shows that many people are feeling less confident in their household finances and ability to spend on non-essential items.
While the extension to opening hours will help us all to mark this important event, it is important to recognise the challenges that many consumers face, including rising household bills and the need to save money.
Nonetheless, hospitality will remain at the heart of the celebrations, and venues will continue to play a central role in our communities during this historic event.