UK is expected to spend £9,831,366 for Coronation day, states a recent report citing the search volume figures over various decoration items.
Demand for decorations on Amazon has soared, with more than 135,000 searches for Coronation themed party decorations in the run up to 6 May. According to an analysis of Amazon data by Power EPOS, crowns, bunting and tableware were the three most searched decoration types for the Bank Holiday celebrations.
Power EPOS also collated the average price of all the decorations available on Amazon. Looking at the search volume figures (135,232 searches), if Brits were to buy just one of each of the most popular Coronation products at £72.70 – the UK is expected to spend £9,831,366 by Coronation day.
Richard Goodall, MD of Power EPOS commented that it’s clear excitement for the Coronation is building, with demand for party wear peaking as we approach the Bank Holiday weekend.
"With the last coronation taking place 69 years ago, it’s certainly a once in a lifetime event," he said.
Smaller businesses could also look for local street parties or events hosted for the opportunity to provide food, drinks or other services to help people celebrate the occasion on the Saturday, and also potentially participate in the Big Lunch events being hosted on Bank Holiday Monday.
Being prepared for the increased demand is key, ensuring there’s extra staff and a slick booking process can ease some of the pressure and avoid efficiency issues in order to keep processes running smoothly and guests happy, said Goodall.
Another report by Springboard has predicted a boost in footfall in high streets and other retail destinations across the UK during the Coronation weekend.
According to retail experts MRI Springboard, high street retailers can expect a significant boost, with footfall up +12.0 per cent from 2022 on the bank holiday Monday following the Coronation, with an annual increase of +10.0 per cent at UK shopping centres. Across the Coronation weekend as a whole, annual footfall is predicted to climb by +5.0 per cent on UK high streets, compared to +4.0 per cent at retail parks and +3.0 per cent at shopping centres.