Bars & Nightclubs in Canada - Industry Market Research Report

November 2020 •
48 pages •
Report ID: 4564485 •
Format: PDF

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Happy hour: Strength within the broader economy and rising consumer spending will likely support industry growth

Abstract

Bars & Nightclubs in Canada
The Bars and Nightclubs industry in Canada has been negatively affected by several social trends, including increased consumption of alcoholic beverages at home rather than at industry establishments and stagnant per capita alcohol consumption over the five years to 2019. Furthermore, rising alcohol prices, wariness of drunk driving and evolving attitudes toward alcohol consumption have constrained revenue growth. Industry operators have responded to these challenges by diversifying into a range of new concepts, such as wine bars, cocktail lounges and brewpubs, to attract new demographics. However, strict regulations on liquor licences and rising competition has discouraged new operators from entering the industry. Over the five years to 2024, the industry is projected to continue contending with competition from in-home alcohol consumption and establishments that operate outside the industry that also serve alcohol, such as restaurants. Despite these factors, the industry’s financial performance is forecast to improve.

The Bars and Nightclubs industry in Canada includes bars, taverns, nightclubs and drinking places that serve alcoholic beverages for immediate consumption. These establishments may also provide limited food services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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