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 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 made clubbing unaffordable for many. On top of this, soaring youth unemployment and rising university tuition fees have hit the industry's core demographic hard... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Nightclubs industry has a very low level of market share concentration, since the four largest companies are estimated to account for less than 10% of total industry revenue. Although famous “superclubs” in London, such as Ministry of Sound or Fabric, may be able to draw visitors from around Britain and even abroad, the majority of operators only serve people in a very limited area. Only firms with considerable financial backing can hire the sort of renowned DJs and music artists that will fill very large venues. Smaller operators must instead concentrate on attracting sufficient patrons to ensure that their venue is full enough to create the right atmosphere for visitors... purchase to read more