Bars & Nightclubs in New York - Industry Market Research Report

Open bar: The movement toward premium beverage consumption will benefit industry operators

Bars & Nightclubs in New York

The Bars and Nightclubs in New York industry has experienced steady growth over the past five years. Revenue growth has benefitted from strong gains in consumer confidence, which has contributed to a thriving nightlife culture in major metropolitan areas such as New York City, benefitting industry operators in turn. Per capita alcohol consumption has continued to rise in the state as well, thanks to rises in consumer spending. Over the five years to 2022, the industry is projected to continue facing competition from in-home alcohol consumption and nonindustry establishments that serve alcohol, such as restaurants. In spite of these factors, the industry's financial performance is forecast to remain relatively steady as the economy improves and consumer spending increases.

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.