Bars & Nightclubs in the US - Industry Market Research Report

Bars & Nightclubs in the US - Industry Market Research Report

  • September 2020 •
  • 52 pages •
  • Report ID: 499852 •
  • Format: PDF
Bottle service: Despite rising competition, robust consumer spending is expected to bolster the industry

Abstract

Bars & Nightclubs in the US
The Bars and Nightclubs industry in the United States has experienced growth over the five years to 2018, despite slight declines in revenue during the early half of the five-year period. These dips were a result of shaky consumer confidence and changing consumer preferences, causing more people to drink at home rather than at bars or nightclubs. However, industry revenue growth picked up in the latter half of the period due to the growing domestic economy. Over the five years to 2023, the industry is projected to continue contending with competition from at-home alcohol consumption and nonindustry establishments that also serve alcohol, such as restaurants. Nevertheless, the industry’s financial performance is forecast to remain relatively steady as the economy improves and consumer spending increases. Bars will also continue to introduce healthier upscale products like craft beer and organic food to their menus to appeal to consumer tastes.

This industry includes bars, taverns, pubs, lounges, nightclubs and other drinking places that primarily prepare and 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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