Hotels and restaurants in London actually lost money during the Olympics this summer

Excerpt from BigHospitality

Skift Take

An overall boost to tourism in the UK is expected to wash out the short-term losses as inbound visitor numbers may increase in the coming months.

— Samantha Shankman

Tourism figures released this week indicate that Britain is well-placed to build on encouraging inbound Olympic visitors, but a post-Games review by foodservice consultancy Horizons shows that the event actually came at a big cost for hotels, restaurants and pubs.

September’s International Passenger Survey issued by the Office for National Statistics reveals that visitor numbers were up by 1 per cent (2.63m) and that visitor spending reached a record £1.9bn (an increase of 17 per cent); overseas visitor spend in the UK is now 5 per cent higher than in the first nine months of 2011.

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