Industry Analysis & Industry Trends
The Cigar Lounges industry has made a strong comeback in the United States over the past five years as a large increase in cigar consumption has boosted demand for cigar lounges. Despite regulatory hurdles in obtaining exemption from state indoor smoking bans, both industry participation and revenue have grown at rapid rates since 2010. As the economy continues to improve over the next five years, more consumers will likely indulge in premium cigars at high-end lounges, helping the industry sustain its growth and widen profit margins. Additionally, the recent steps toward normalization of relations with Cuba will expand access to the country's high-end cigars, providing an opportunity for the industry.... purchase to read more
Industry Report - Industry Products Chapter
Cigar lounges, or cigar bars, are designed to provide consumers an environment where they can smoke cigars or other tobacco products in a relaxed lounge setting. Cigar lounges became prominent in the mid-1990s when municipal and state governments began enacting public smoking bans, with the exception of establishments catered primarily to smokers. Besides the smoking environment, cigar lounges also provide a variety of cigars, accessories and other tobacco products as well as some food and drink offerings.
The basis of any cigar lounge is to provide its patrons with a wide variety of cigars to purchase and smoke on site. As a result, the sale of cigars makes up the industry's largest product segment, accounting for roughly 71.0% of industry revenue in 2015... purchase to read more