According to recent research conducted by consumer and location intelligence specialist CACI, the contrast in recovery between the West End and other “local” London neighborhoods is striking. While the West End struggles to attract visitors with footfall still below pre-pandemic levels, areas like Holborn and the City continue to face challenges with footfall as low as 20%.
The impact of this decline in visitor traffic is evident in the struggling retail sector, particularly in key office-worker areas where businesses are desperate for the return of footfall to pre-pandemic levels. With major London stations experiencing a significant drop in footfall, it is clear that the absence of office workers and a general reluctance to use public transport are major contributing factors to the West End’s struggle.
On the other hand, some more “local” London destinations are thriving, with footfall close to reaching 100% of pre-Covid levels. This positive trend is not only encouraging for businesses in these areas but also serves as a beacon of hope for the overall recovery of London’s economy.
As businesses in central London continue to face challenges, it is essential for consumers and workers alike to gradually return to these key locations to support the local economy. By doing so, they can help these businesses bounce back from the devastating impact of the pandemic.
In conclusion, while the West End may still be in recovery mode, other London neighborhoods are thriving and paving the way for a more robust economic recovery across the city.
To learn more about the latest developments in London’s retail sector, check out this article from Reuters. For insights on consumer behavior in London during the pandemic, visit CACI’s website.
