London’s pubs and restaurants are set to receive a major financial boost from the opening of the Night Tube service, the Association of Multiple Licensed Retailers has claimed.
The service will initially run on the Central and Victoria lines from 19 August before being rolled-out across more parts of the London Underground.
ALMR chief executive Kate Nicholls, said: “The introduction of the Night Tube has suffered delays and setbacks but we are pleased that it has finally arrived and we are confident it will be an asset to the licensed hospitality sector and the capital.
“London is regarded as one of the world’s true 24-hour cities and an all-night tube service will give customers much improved access to some of the capital’s best nightspots. We want to see late-night pubs and bars thriving and full of customers. The service will open up the night-time economy to more customers than ever and will give London a valuable economic and social boost. A recent study by London First showed that the Night Tube could be worth £77 million per year by 2029 bringing the value of the capital’s 24-hour economy up to nearly £30 billion per year.”
Nicholls pointed out that the Night Tube will also make life much easier for the many thousands of people who work in the late-night economy. “Bar and nightclub staff have arguably been overlooked during the discussions regarding the introduction of the service, but an all-night service will travel much easier for those industrious members of staff who work throughout the night.”