Spectators and The Royal Wedding

Thousands upon thousands of people took the time off to enjoy the royal wedding celebrations. 550,000 people came to Westminster to enjoy the celebrations, 1 million people watched it on the big screen, 20 million watched it on television, half a million watched it on the internet, and about 51,000 watched it on their mobile phone. This is just one small example of how the wedding impacted the economy in a positive way by bringing together sucha large number of people. With approximetly $107 million dollars coming in from souvenirs, memorabilias and other tourism items the economy in England boomed. Visit http://www.cpifinancial.net/v2/fa.aspx?v=0&aid=874&sec=The%20Economy for more information regarding the royal wedding.

CPI Financial. "The Economic Impact of the Royal Wedding." Cpifinancial.net. 27 Apr. 2011. Web. 7 May 2011. <http://www.cpifinancial.net/v2/fa.aspx?v=0&aid=874&sec=The%20Economy>.

Summary of The Royal Wedding

Overall The Royal Wedding had a positive impact on England’s economy because of the large number of tourists it brought to England, the money that was spent throughout society while being extremely economical, and the joy that came from a 21^st century fairytale wedding. Visit http://www.officialroyalwedding2011.org/ or http://www.time.com/time/specials/packages/0,28757,2041593,00.html for complete coverage and more information on the royal wedding as a whole.

"Complete Coverage - The Royal Wedding of Prince William and Kate Middleton - TIME." Breaking News, Analysis, Politics, Blogs, News Photos, Video, Tech Reviews - TIME.com. Web. 17 May 2011. <http://www.time.com/time/specials/packages/0,28757,2041593,00.html>.

The Real Cost of the Wedding

The Christian Science Monitor reports the cost of the wedding to be approximately $65 million, including $35 million for public services, security, police, and cleanup, and $20 million for most everything else, from rehearsals to stag parties, food, and drink, to the honeymoon. Visit http://topoflists.com/2011/04/30/5-financial-facts-royal-wedding-cost/ for more information about the cost of the wedding along with multiple other details about the lavish celebration.

http://www.youtube.com/watch?v=rT0oOWXDz_s
This video is a overview of where the money went and what it was spent on to produce such a lavish celebration.
"Top 5 Financial Facts about Royal Wedding 2011 - COST." Top 10 Lists | Top of Lists [dot] Com. Web. 17 May 2011. <http://topoflists.com/2011/04/30/5-financial-facts-royal-wedding-cost/>.

Royal Wedding goes Eco-Friendly

When it came to cost-efficiency and eco-friendliness England topped everyone when it came to saving money and going green. This creates a model for the rest of the world by living more eco-friendly. The Royal Families decision to be more cost-efficient and green with their wedding was a wise choice. It set the scene for the rest of the world that it’s important to make good decisions when you are dealing with your money, especially during a recession. They made it clear to the world that they are just normal people despite their titles and they still have to be economically smart in order to set a good example for the millions watching. Visit http://thestir.cafemom.com/in_the_news/119526/westminster_abbey_goes_green_for for more information regarding the royal wedding going green.

Westminster Abbey Goes 'Green' for Royal Wedding (Almost) | The Stir." The Stir by CafeMom - Blogging About What's On Moms' Minds. Web. 17 May 2011. <http://thestir.cafemom.com/in_the_news/119526/westminster_abbey_goes_green_for>.

A Day off Work=More Happiness

The royal wedding created a day off work for many businesses around London to celebrate with a four-day weekend. Even though this day off created $6 billion in lost productivity and overtime payments, the wedding has already started to make up for the loss of money through profit from restaurants, souvenirs, and hotels. Visit http://articles.economictimes.indiatimes.com/2010-11-24/news/27584834_1_bank-holiday-three-day-week-royal-wedding for more information regarding the wedding.

"Royal Wedding 'will Cost Economy 5bn Pounds' - Economic Times." Featured Articles From Economic Times. Web. 16 May 2011. <http://articles.economictimes.indiatimes.com/2010-11-24/news/27584834_1_bank-holiday-three-day-week-royal-wedding>.

World Peace for a Day

This royal wedding was one day during the year where people could put their differences aside and come together as a peace-filled world. This created a positive impact on society around the world as a whole including a day off of work to spend with loved ones or take a much needed break, and a sense of “new leadership” in the country of England. Visit http://yazblog.com/2011/04/26/the-royal-wedding-and-relational-happiness/ for more information regarding how the royal wedding related to happiness.

"The Royal Wedding and Relational Happiness | Complete Life Blog." Complete Life Blog | Complete Your Life in Every Way Possible. Web. 17 May 2011. <http://yazblog.com/2011/04/26/the-royal-wedding-and-relational-happiness/>.

Greater Revenue per Booking

The increase in tourism required an increase in a need for restaurants as well as hotels. Two major events will benefit the United Kingdom economy, including the 2011 royal wedding and the 2012 Olympics. The income from the royal wedding will bring money into the economy in time for the 2012 Olympics. The royal wedding created an extremely high Revenue per booking the weekend of the royal wedding. It hit triple digits because of the demand to see the even first-hand. The money spent in relationship to the Royal Wedding also has set a bar for the English economy to bring back into the economy. They had to budget for this wedding and with money as tight as it was, it was very hard to not go over the limit. The Christian Science Monitor reports the cost of the wedding to be approximately $65 million, including $35 million for public services, security, police, and cleanup, and $20 million for most everything else, from rehearsals to stag parties, food, and drink, to the honeymoon. For more information regarding the Net Average Revenue per Booking during the Wedding visit http://www.hotelinteractive.com/article.aspx?articleid=20515.

"The Royal Wedding Online." The Royal Wedding. Accenture. Web. 13 May 2011. <http://www.officialroyalwedding2011.org/tag/homepage/page/1>.

Extended Easter Vacations

Another benefit to England’s economy from the royal wedding was the traveler’s choice to combine the royal wedding day with an extended Easter holiday vacation. London hoteliers help they promoted their hotels with deals that would in turn make them a larger profit. Many of these families that opted to stay for a longer time period did so in hopes of less crowds and easing costs. Visit http://www.agoda.com/europe/united_kingdom.html for more information regarding England's large selection of Hotels and Easter vacation deals.

"United Kingdom Hotels - Online Hotel Reservations for Hotels in United Kingdom." Online Hotel Discount Reservations Worldwide - Book Your Hotel With Agoda. Web. 17 May 2011. <http://www.agoda.com/europe/united_kingdom.html>.

Impact on Tourists

The event that is captivating the world has set the stage for London hoteliers to capture big revenues. One way England has used this to their advantage is by raising the rates for hotel rooms. London hoteliers raised rates substantially to benefit from the increase in demand of hotel rooms for the royal wedding. It was the perfect opportunity for England to make back some of the money that they spent on preparations before and on the day of the wedding. Visit http://www.articlesbase.com/hotels-articles/london-hotels-during-the-royal-wedding-of-prince-william-and-kate-middleton-on-april-29th-2011-3730142.html for more information regarding London hoteliers and the royal wedding.

"London Hotels during the Royal Wedding of Prince William and Kate Middleton on April 29th, 2011." Free Articles Directory | Submit Articles - ArticlesBase.com. Web. 17 May 2011. <http://www.articlesbase.com/hotels-articles/london-hotels-during-the-royal-wedding-of-prince-william-and-kate-middleton-on-april-29th-2011-3730142.html>.

The Royal Wedding

April 29, 2011 marks the day where history was made in all of England. That history was the start of a real life fairytale. The Royal Wedding had a positive impact on England’s economy because of the large number of tourists it brought to England, the money that was spent throughout society, and the joy that came from a 21^st century fairytale wedding. Visit http://abcnews.go.com/Entertainment/royal-wedding-cost-constraints/story?id=12179181 for more information regarding the Royal Wedding.

Ferran, Lee. "Royal Wedding under Cost Constraints? - ABC News." ABCNews.com: Breaking News, Politics, World News, Good Morning America, Exclusive Interviews - ABC News. Web. 10 May 2011. <http://abcnews.go.com/Entertainment/royal-wedding-cost-constraints/story?id=12179181>.