UK pubs will see operating hours extended by 6 hours, with most venues permitted to remain open until 1am, across the whole weekend to celebrate the Queen’s 70-year reign, with Real Business Rescue anticipating an extra 176.93 pints poured per pub, generating an additional revenue of £33,700,821 across all UK pubs, data from Real Business Rescue has predicted.
Furthermore, the most recent Barclaycard SME Barometer predicted a potential 49% sales increase across the extra-long bank holiday weekend with a possible £76m boost for independent pubs, bars, and restaurants.
Barclaycard Payments head of SME Colin O’Flaherty said: “The Jubilee will provide a welcome and much needed confidence boost to many SMEs, as consumers look to celebrate, support local businesses and make the most of the four-day weekend.”
This comes as the British Beer and Pub Association (BBPA) recently predicted the Jubilee weekend could also see £29m paid back into the economy in duty and VAT.
However, calls from trade bodies such as the BBPA and UKH through the Together Coalition to make the additional bank holiday a permanent fixture received mixed reviews form operators across the sector.
BBPA chief executive Emma McClarkin said: “The Platinum Jubilee weekend is set to be a joyous occasion for the whole country, and pubs are looking forward to leading celebrations in their communities across the country.
“Pubs have always been a place for people to come together and it’s at special times like this that really shines through.
“Whether it’s toasting a special brew for Her Majesty the Queen or joining a Jubilee bbq at your local, we hope people will celebrate at the pub and show their support for two great British institutions.”