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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 | May 2014

Bottoms up: Though competition is strong, renewed consumer spending drives demand

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
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Profit
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Employment
371,989
Businesses
69,391
Industry Analysis & Industry Trends

High unemployment and low disposable income drove consumers away from luxuries like trips to bars and nightclubs in the past five years. As consumers cut down on spending across the board, the industry suffered. Competition from a rising trend of drinking at home will continue to hamper the industry over the next five years; however, increased consumer spending will bring the industry back to solid health... 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


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