The trade association has said that the extension could give businesses 'vital extra trading time' as they seek to recover financially from the pandemic and hospitality bosses in Liverpool have welcomed the calls.
Chair of Pubwatch John Hughes said: "It'll be fantastic to see any local pubs that can stay open a bit later for people who don't want to come into the city centre.
"What I've been saying to the other businesses is make the extra effort- get the Union Jacks out! We've got to try and grasp now any opportunities we get in our industry and make the most of it."
Kate Nicholls, UK Hospitality chief executive, explained that the extra trading time for venues will make an “enormous difference, and go some way to helping them recover from the devastating effects of coronavirus”.
When is the Platinum Jubilee?
On 6 February this year, Her Majesty The Queen will become the first British Monarch to celebrate a Platinum Jubilee.
To mark the anniversary, events and initiatives will take place throughout the year, culminating in a four day UK bank holiday weekend from Thursday, 2 June until Sunday, 5 June .
The four days of celebrations will include public events and community activities, as well as national moments of reflection on The Queen's 70 years of service.
Recent national celebrations that have seen longer licensing hours in England and Wales include the Royal Wedding in 2011, the Queen's Diamond Jubilee in 2012, and the Queen's 90th Birthday in 2016.