Industry Analysis & Industry Trends
The music has stopped for many nightclubs during the past five years. Legislation that extended the licensing hours of other drinking establishments removed the industry's main competitive advantage. This legislation pushed the industry into a long-term decline, which has continued throughout the past five years. Whereas late-night revellers once had to go to nightclubs, they can now stay at a pub or bar and enjoy a wider selection of drinks, cheaper prices and a more relaxed atmosphere.
Operators are increasingly facing common challenges regarding regulation, licensing, planning, business rates and policing. Consequently, nearly half of nightclubs in Britain have shut their doors in the last decade, according to the Association of Licensed Multiple Retailers (ALMR)... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Nightclubs industry is in the decline stage of its life cycle for a number of reasons. Legislative changes mean nightclubs have faced increasing competition from outside the industry because pubs and bars have been able to remain open for longer. This, together with the introduction of the smoking ban in 2007 ban, pushed the industry into a long-term decline, which has continued throughout the past five years and should continue during the next five years. In addition to these problems, operators struggled in the wake of the economic downturn, as low disposable income disproportionately affected the young people upon whom much of the industry relies for custom. This has resulted in lower spending on drinks and entrance fees, the industry's two main sources of income... purchase to read more