Pubs, Bars and Nightclubs in Australia - Industry Market Research Report
Description
Pubs, Bars and Nightclubs in Australia
The COVID-19 pandemic has dealt a massive blow to the Pubs, Bars and Nightclubs industry. The initial lockdowns began in late March 2020 and continued intermittently, wreaking havoc on revenue streams. Simultaneously, decreased alcohol consumption, online gambling competition and tighter regulations added more strain. A severe slump in international travel to Australia because of border restrictions resulted in a substantial loss of income from tourism spending. Despite these challenges, the industry has witnessed a silver lining with a rise in discretionary income. This trend has boosted sales of high-end alcoholic drinks and gourmet food offerings, giving the industry a needed lift. Industry revenue is expected to fall at an annualised 0.6% the over the five years through 2023-24 to $20.3 billion, when revenue is anticipated to leap by 3.7%.
Industry operators sell alcoholic beverages for consumption either on the premises (e.g. bars) or off the premises (e.g. drive-through bottle shops). Industry venues sometimes also provide food service, live entertainment, and gaming and betting facilities.
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.
The COVID-19 pandemic has dealt a massive blow to the Pubs, Bars and Nightclubs industry. The initial lockdowns began in late March 2020 and continued intermittently, wreaking havoc on revenue streams. Simultaneously, decreased alcohol consumption, online gambling competition and tighter regulations added more strain. A severe slump in international travel to Australia because of border restrictions resulted in a substantial loss of income from tourism spending. Despite these challenges, the industry has witnessed a silver lining with a rise in discretionary income. This trend has boosted sales of high-end alcoholic drinks and gourmet food offerings, giving the industry a needed lift. Industry revenue is expected to fall at an annualised 0.6% the over the five years through 2023-24 to $20.3 billion, when revenue is anticipated to leap by 3.7%.
Industry operators sell alcoholic beverages for consumption either on the premises (e.g. bars) or off the premises (e.g. drive-through bottle shops). Industry venues sometimes also provide food service, live entertainment, and gaming and betting facilities.
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.
Table of Contents
76 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
