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London events “defied all expectations” in 2023

  • February 26, 2024
  • 2 min read
London events “defied all expectations” in 2023

New data has found that London’s “world-beating” hospitality and music industries are leading the UK’s recovery. Figures from UKHospitality and CGA reveal London’s hospitality industry revenue grew to £46 billion last year, up from £43 billion in 2019, and sales outpaced the rest of the UK, growing on average 7.7% a month, compared to 5.6% nationally.

The capital’s pubs, bars, and restaurants are driving London’s economic recovery. The mayor said it shows the “phenomenal resilience in London hospitality.”

Separately, millions of Londoners and visitors took part in live music events in the capital’s world-renowned venues and festivals across the year as some of the industry’s biggest names performed, including Beyoncé, Harry Styles and Blur. Boxpark reported record sales in December 2023 with like-for-like sales up by 22% on December 2022, beating sales made during the 2022 World Cup

More than 250 new restaurants opened in London last year, a four per cent increase on 2022 while the O2 arena enjoyed a record-breaking year with more than 2.5m tickets sold to its events. ABBA Voyage welcomed more than 1 million visitors to its purpose-built East London venue adding £177 million to the capital. BST Hyde Park welcomed 555,000 guests across its summer of activity, selling out faster than pre-pandemic

Three of London’s biggest stadiums welcomed more than 1.2 million visitors to a number of live music events. That includes more than 225,000 experiencing Beyoncé’s show over five nights at Tottenham Hotspur Stadium, while Harry Styles recorded his highest UK attendance (320,000) over four nights at Wembley, and 160,000 enjoying The Weeknd at London Stadium

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