Industry Analysis & Industry Trends
The music has stopped for many nightclubs during the past five years thanks to legislation that extended the licensing hours of other drinking establishments. Nightclubs have lost their competitive advantage as late-night revellers can now stay in pubs or bars that have wider selections of drinks, lower prices and more relaxed atmospheres. As a result, the industry has entered into a long-term decline.
IBISWorld estimates that approximately one-quarter of nightclubs have closed in the past decade as operators have struggled to respond to new challenges from regulation, licensing, planning, business rates and policing... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Nightclubs industry has a low level of market share concentration, with the three largest companies estimated to account for only 9.1% of industry revenue in 2016-17. Although famous clubs in London such as Ministry of Sound and Fabric may be able to draw visitors from across 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 venues. Smaller operators must instead concentrate on ensuring their venues are full enough to create the right atmosphere... purchase to read more