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 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. This has pushed the industry into a long-term decline.
According to the Association of Licensed Multiple Retailers (ALMR), nearly half of nightclubs in Britain have shut their doors in the last decade, owing to later pub opening hours, the smoking ban and high student tuition fees... 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. The introduction of the smoking ban in 2007 ban has received criticism for its contribution to the decline of social clubs in particular. In addition to these problems, the economic downturn reduced consumers' disposable income and disproportionately affected the young people upon whom much of the industry relies for custom. This resulted in lower spending on drinks and entrance fees, the industry's two main sources of income... purchase to read more