Industry Analysis & Industry Trends
The music has stopped for many nightclubs during the past five years. Legislation that has extended licensing hours for other drinking establishments and banned smoking indoors in public buildings has removed the industry's main competitive advantage. Late-night revellers once had to go to nightclubs, but they can now stay at a pub or bar and enjoy a wider selection of drinks, cheaper prices and a more relaxed atmosphere.
Nightclubs have also come under pressure from the economic downturn, which has made clubbing unaffordable for many. Those who have continued frequenting nightclubs have chosen to take advantage of cheap supermarket alcohol to pre-drink before leaving home, constraining revenue from drinks sales... purchase to read more
Industry Report - Industry Locations Chapter
Approximately 15 million people visit nightclubs in the United Kingdom every year. Compared with other establishments in the hospitality sector, nightclubs are evenly spread geographically. Therefore, clubs are servicing a higher ratio of customers in population-dense regions compared with restaurants or bars.
The Nightclubs industry benefits from bundled competition in small areas. A high concentration of venues in the one area will actually increase the likelihood of venue attendance, as a district can become a hotspot for nightlife. London's West End and Soho areas are two of the most concentrated nightclub districts in the United Kingdom.
The geographic spread of nightclubs has not changed over the past five years... purchase to read more