A new research report from London First and EY has revealed that the UK city generated an additional £190m from its Night Tube service last year, highlighting a £20m increase since the service launched in 2016.
Around 8.7 million passengers were estimated to use the service in 2017/2018 compared to 7.8 million in 2016/2017.
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According to the report, Night Tube is expected to contribute £1.54bn over the next decade to the greater London economy, which is double than the initial projections made before the launch of the service.
The service is also supporting more than 3,900 jobs, a rise of 8.5% from last year.
London mayor Sadiq Khan said: “Its first two years have been an even bigger success than we predicted – allowing more people to get home quickly and safely after a night shift, or a night out with friends, but also providing a huge boost to London’s night-time economy.”
The Night Tube has so far completed around 17 million journeys, which is more than the predicted 14 million journeys.
The service launched the Night Overground service last year and has enabled people to travel at night within reduced journey times.
London First economic policy director David Lutton said: “The economic boost from the Night Tube continues to race ahead, outpacing all projections, and we’re only at the beginning of London’s night-time potential.
“There’s a real opportunity for the mayor and the Night-Time Czar to build on this success and help make London a truly 24-hour city, delivering billions of pounds for the economy and creating thousands more jobs.”
In addition, Transport for London (TfL) intends to explore the best ways to introduce a similar service on the Docklands Light Railway (DLR) when the next operating contract is let in 2021.
