City would be doubly hit because it is not benefitting from UK residents holidaying at home, says CEBR study
London will bear the brunt of an £11bn drop in revenue from overseas tourists resulting from the government’s continued tough restrictions on travel to England, according to research.
The Centre for Economic & Business Research (CEBR) study said the capital would suffer a loss of almost £7bn compared with levels of spending in the six-month period leading up to the pandemic, unless there was a marked pick up in the rest of the year.
