Most weddings, you bring a present for the bride and groom. For the wedding of Prince Harry and Meghan Markle, they are gifting the U.K’s economy with the gift of a £60 million boost.
Chair and CEO of Halcyon Days, Pamela Harper told Bloomberg about the process of pushing out royal souvenirs.
“Royal weddings tend not to have a long lead time,” adding on, “We need to get ahead of the game.”
Including the £199 million on wedding-related memorabilia, the Centre for Retail Research figures the Duke and Duchess of Cambridge’s wedding increased U.K retail spending by £527 million.
The April 2011 nuptials were ruled a bank holiday which helped in that increase, whereas Prince Harry and Meghan Markle’s May 2018 wedding will not be.
According to the centre’s director, Joshua Bamford, Prince Harry’s wedding will bring in less as he is further down the succession line.
Royal Crown Derby alone made up 10% of the sales in 2011. This time around they have been planning out designs two months ago.
“We’re now waiting for the date and the titles to finish the details of the design and get them into production as soon as possible,” Steven Rowley, the Royal Crown Derby’s sales and marketing director said.
Rowley figures that Meghan’s star power will also help up the sales for the day, drawing in the American’s interest.
“This is going to give us an additional opportunity to increase our sales and presence in the U.S. market, which we’re very excited about,” Rowley added.
On a non-wedding year, the Royal Family adds £500 million through tourism interest. Historic Royal Palaces, the charity which manages the royal residences such as Buckingham Palace and Windsor Castle stated that 4.4 million people visited royal attractions in 2016.