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The Icelandic volcanic ash cloud has caused UK airspace to close and this resulted to a lost tourist spending of more than £100m. The London mayor said each day about 30,000 overseas visitors arrive by air at this time of year, spending £17m in total. The last week’s flight ban had caused the city about £102m. Tourism is massively significant for jobs and growth in the capital. Hotel occupancy has dropped for about 25 percent, theaters, restaurants and shops also have experienced a fall in visitors. Some companies suffered the reduced footfall on London’s streets and others were facing disappointed customers, heavy backlogs and costly penalties from being unable to access airfreight services to deliver the three million items sent by companies every day. About more than 95,000 flights were cancelled all around Europe throughout the 6 days of disruption. According to the Mayor of London Boris John, “the coming out of the economic downturn, the last thing the capital’s economy needed was all air traffic in and out of the city grounded for a week.” London Lost £100m In Volcano Ash Flight Ban is a post from: Daily World Buzz Continue reading →