New research released to mark the second anniversary of the Night Tube starting in the capital, has shown that the service continues to contribute millions more to the economy of London than initially projected.

Demand for the Night Tube grew in its second year, with 8.7 million customers using the service in 2017/18 compared to 7.8 million in 2016/17. According to a new report by London First and EY, the increase in demand has meant that Night Tube helped to generate an additional £190m for London’s economy last year, a contribution that has increased by almost £20m from its first year of operation.

The report states that the service is projected to contribute £1.54bn over the next 10 years to the wider London economy. That is double the initial projections made before the service launched in August 2016. It is also supporting over 3,900 jobs, up 8.5 per cent from last year.

The Night Tube has been a huge success, popular with Londoners and visitors to the capital alike. Passenger numbers have been higher than expected with almost 17 million journeys so far, well above the 14 million forecast. It has allowed millions of people to get home safely, quickly and affordably at night and has cut journey times by an average of 20 minutes and, in some cases, by much more.

Night services now also include the Night Overground, launched in December 2017. In future TfL will consider how best to introduce a similar service on the DLR when the next operating contract is let in 2021, while the massive upgrade of the Circle, District, Hammersmith & City and Metropolitan lines will facilitate a night service once the programme is fully complete in 2023. Other plans will be kept under review to see where there is demand for further night-time services.

Sadiq Khan, the Mayor of London, said: “I am delighted to have delivered London’s first-ever Night Tube for Londoners. 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 night out with friends, but also providing a huge boost to London’s night-time economy.In the past year we have also launched the Night Overground and I look forward to extending the service to more Underground lines to help even more people travel around our city more safely and quickly.”  

Mark Wild, London Underground's Managing Director, said: “The Night Tube has been a huge success and is now an essential part of London’s transport network. The increase in passenger numbers shows that the demand for the Night Tube remains strong, and that it is helping to transform London into a truly 24-hour city. It has provided a significant boost to London’s economy, supporting late night music venues, bars and restaurants, with all fares charged at off-peak to help make it an affordable way to travel. We look forward to building on this success in the coming years with new night time routes on the DLR and on the Circle, District, Hammersmith & City and Metropolitan lines once the massive upgrade of those lines is finished.”

Caroline Artis, Senior London Partner at EY, said: “London’s night tube has been a stand out success and a great addition to the city. It has boosted London’s 24 hour economy, created jobs and has helped millions of Londoner’s and visitors travel for both work and leisure more quickly and reliably than ever at night.

“London’s 24-hour economy has also made it more attractive to foreign investors, with the capital attracting the highest number of Foreign Direct Investment (FDI) projects in a decade and the leading recipient of FDI in the UK, according to EY’s latest Attractiveness Survey.”