£800m Olympic spending boost

The Olympic games will bring London an £800m consumer spending boost, a Visa report claims today, with international visitors spending about £749m. The profit made by hotels, supermarkets, high street retailers and the travel sector is expected to create an additional £1.21bn for the economy. The Olympics may have a long-term benefit as increased international media coverage and recommendations passed on by visitors could raise £5.33bn in the next two years.