North-West travel agents are among the few people to benefit from England’s early exit from the World Cup, a survey shows.
The team’s failure is expected to cost the UK economy £1.2bn as the celebratory period is cut unexpectedly short.
The region’s travel agents look set to benefit, but pubs, sports retailers and bookmakers will lose out on forecast revenues across the region, according to a review by corporate recovery specialists Begbies Traynor.
Gary Lee, partner at Begbies Traynor in Manchester, said: “Bookmakers may be pleased that those optimists who predicted an England win have lost their stake already, especially as this was the first time England has been knocked out of the World Cup in the group stage since 1958, but they will miss out as betting levels now tail off.
“The other big losers from England’s failure look set to be pubs, supermarkets and sportswear retailers, as the feel good factor came to an abrupt stop and World Cup parties ended before they even got going.”
However, for every loser, there has to be a winner and in this case, the likes of B&Q, Homebase, Thomas Cook and Odeon will be celebrating an upsurge in footfall as fans head outdoors.
Mr Lee added: “While many other businesses lose out, travel agents have been boosted following England’s early exit from the World Cup as supporters book early holidays.”