As of 2002 there were around 50,000 people employed in the borough of Tunbridge Wells. The largest sector of the local economy consists of hotels, restaurants, and retail (the centrally located Royal Victoria Place shopping centre, opened in 1992, covers 29,414 square metres (316,610 sq ft)), which accounts for around 30% of all jobs; the finance and business sector makes up just under a quarter of jobs, as does the public administration, education and health sector. Royal
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