As well as being entertaining to watch, Prince Harry and Meghan Markle’s wedding will bring other benefits to the UK – a much-needed boost to the economy.

Axar.az informs citing metro.co.uk.

Financial experts believe the couple’s big day could inject more than £80million for the country as retailers, pubs, and hotels get set to cash in. Thousands of tourists and visitors will come to London for the event on May 19, which will spark spending just as it did with Prince William and Kate Middleton’s big day.

Pubs have been given special permission to operate longer trading hours until 1am while the capital’s shops are anticipating £60m in extra sales from the influx of tourists. The tourist authority VisitBritain said about 50,000 Americans were expected to be among the crowds lining the roads in Windsor and enjoying the atmosphere in London as the couple exchanges their vows. Howard Archer, chief economic adviser to economic forecasting group the EY Item Club said: ‘There could be a modest boost to GDP growth in the second quarter from the royal wedding and the football World Cup starting in mid-June.

‘There may well be a temporary boost to retail sales from people buying souvenirs and also to tourism.’ Airbnb said that with around 42,000 guest arrivals expected in London, hosts were set to rake in £12m from renting out their properties while Windsor residents are charging hundreds to let their properties for the weekend. In Windsor, residents can earn hundreds of pounds from the wedding weekend alone by using Airbnb to let their properties.

‘Relaxed licensing hours for pubs will be welcomed by pub-goers and provide a real boost to the pub trade,’ said Brigid Simmonds, chief executive of the BBPA. There’s expected to be street parties taking place nationwide, with Hertfordshire county council alone reporting 51 applications. VisitBritain said an added bonus is that American visitors are the UK’s highest spending overseas group. ‘We are looking at it as a showcasing moment on TV stations around the world,’ said VisitBritain director Patricia Yates. ‘Our history and heritage is a huge draw internationally and this is an opportunity to reach a younger audience with a contemporary story.’