The Bars and Nightclubs industry has performed modestly over the past five years, as consumer confidence and overall spending have continued to steadily increase. Consumer drinking patterns have also changed over the period, forcing seasoned bar operators to adapt their menus to suit changing consumer tastes. Over the next five years, bar and nightclub owners will reap the rewards of a continued increase in household incomes and consumer spending. However, while moderate alcohol consumption remains an accepted part of the American adult lifestyle, per capita expenditure on alcohol is expected to decrease minimally over the five-year period. Despite this, the movement toward premium beverage consumption will continue to benefit industry operators, as consistent overall economic growth bolsters the average person's disposable income.
This industry includes bars, taverns, pubs, lounges, nightclubs and other drinking places that primarily prepare and 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.