Nightclubs in the UK - Industry Market Research Report

Late night: In 2023-24 industry revenue growth is expected to be constrained by the cost-of-living crisis

Spending on clubs reflects disposable income levels, with Britons generally spending less on clubbing during periods of rising inflation as everything gets more expensive. The COVID-19 outbreak, the cost-of-living crisis, and falling levels of alcohol consumption are all threatening the performance of nightclubs. Industry revenue is expected to fall at a compound annual rate of 7.5% over the five years through 2023-24 to approximately £1.6 billion, including growth of 0.8% in 2023-24. This industry covers licensed establishments that sell beverages for on-site consumption and usually charge a fee for admission. This may come in the form of an entrance fee or a membership fee. They commonly provide musical entertainment and dance venues. The industry does not include pubs, bars, hotels or restaurants. 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.