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January 03, 2018 04:53 PM

When Prince Harry and Meghan Markle get married in May, they won’t be the only ones celebrating.

The event could generate an economic windfall for Britain —as much as $680 million, according to a new estimate.

That’s because of an expected influx of tourists, along with locals spending extra money as they celebrate the big day on May 19.

Alexi Lubomirski/REX/Shutterstock

The Office of National Statistics says that 350,000 visitors came to the U.K. for 2011 wedding of Prince William and Kate Middleton, and a similar surge is predicted by analysts Brand Finance, according to Reuters.

With the eyes of the international media again focusing on an upbeat moment in the story of the British Royal Family, there will also be a boost in Britain’s standing, experts say.

Moreover, in April, William and Kate are expected to welcome their third child, a sibling for Prince George and Princess Charlotte, who will turn three in May, also adding to the joy and celebration of the royal family’s very big year.

Already hotels in Windsor, about 30 miles west of London, are reporting that rooms are selling out for the days around the dates of the wedding, which will take place at St. George’s Chapel, in the town’s castle.

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