Operators in the Bars and Nightclubs industry have struggled under the weight of a number of social trends, including increased consumption of alcoholic beverages at home rather than at bars and nightclubs. Rising alcohol prices, wariness of drunk driving and evolving attitudes toward alcohol consumption have negatively impacted the industry. Furthermore, the industry has faced strong competition from other industries that serve alcohol, such as restaurants and other places of entertainment. Industry operators have attempted to respond to these challenges by diversifying into a range of new concepts such as wine bars, cocktail lounges and brewpubs to attract new demographics. Industry operators will continue to contend with increasing competition from at-home alcohol consumption and other forms of entertainment over the next five years. However, the improvement in the broader economy is expected to relatively boost bar and nightclub spending, especially as establishments focus more on ancillary product lines, such as food services and live entertainment.
This industry includes bars, taverns, nightclubs and drinking places that serve alcoholic beverages for immediate consumption. These establishments may also provide limited food services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.