SEARCH   
MEMBER LOGIN    

Bars & Nightclubs in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Bars & Nightclubs Market Research Report | NAICS 72241 | Sep 2014

Drink up: Revenue will stay strong as the economy improves and consumer spending increases

IBISWorld’s Bars & Nightclubs market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 09-14
1.4%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
Employment
371,989
Businesses
69,391
Industry Analysis & Industry Trends

Having emerged from the recession relatively unharmed, the Bars and Nightclubs industry turned around in 2010 and has continued to make strides over the past five years. Revenue growth has been slow, however, hampered by shaky consumer confidence and stubbornly high unemployment, meaning people have been more content to drink at home rather than at bars or nightclubs. In the coming years, bar and nightclub owners will reap the rewards of increasing household incomes and consumer spending, increasing revenue... purchase to read more

Industry Report - Industry Investment Chapter

The Bars and Nightclubs industry exhibits a low level of capital intensity. In 2014, for every $1.00 the average operator spends on wages, it will spend an estimated $0.13 on the use and replacement of capital. The industry is highly dependent on human capital due to its service-oriented nature. Although most staff are relatively low-skilled, low-cost workers, no bar can function without quality staff with basic product knowledge. For upmarket bars, staff require a broad knowledge of wine varieties and regions, cocktails and beer types. The average operator spends about 25.1% of its revenue on wages and associated labor costs. The use of staff on hourly rates assists with catering to the variation in the daily and weekly demands and needs of clients... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Bars & Nightclubs Industry?

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.

Industry Products
Sale of distilled spirit drinksSale of wine drinksSale of beer and aleSale of meals and nonalcoholic beveragesAdmissions to special events and nightclubs, including cover chargesOther (accommodation, cigarettes, rentals and packaged liquor)
 
Industry Activities
Operating licensed barsOperating nightclubsOperating wine barsOperating licensed establishments with limited food service


View Sample
Quote
Select Clients