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TUBE STRIKE: Pubs and restaurants left counting the cost PDF Print E-mail
Friday, 07 August 2015

Payments processing company, Worldpay has analysed the economic fallout caused by the Tube Strike key commuter hotspots across London.

Pubs and restaurants were among those hardest hit, as ‘Thursday Night Drinks’ enjoyed by many workers across London were cancelled. Worldpay’s data shows transactions were down 20% on an average night across London’s hospitality sector.
James Frost, UK CMO of Worldpay said:
“It’s not just commuters that have struggled these past two days. London’s shops, bars and restaurants will take, on average, 20% fewer transactions during Thursday’s strike action. Across areas like Covent Garden, usually teeming with workers, spend will be down as much as £150,000. And we’re seeing that pattern right across London where the total could run into millions due to people cancelling plans and heading home to beat the strike, or even avoiding the capital altogether.
“It’s hard for food and drink outlets to prepare for these scenarios, but with the weather forecast looking bright, the hospitality trade will be keen to maximise takings from the expected influx of visitors to the Capital over the weekend.”
Worldpay UK is the UK’s leading payment processor handling  44% of all card payments made in Britain.

(Source - Worldpay Press Release)

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