Industry Analysis & Industry Trends
The Bars and Nightclubs industry has performed modestly over the past five years, as consumer confidence and overall spending have continued to steadily increase. Consumer drinking patterns have also changed over the period, forcing seasoned bar operators to adapt their menus to suit changing consumer tastes. Over the next five years, bar and nightclub owners will reap the rewards of a continued increase in household incomes and consumer spending. However, while moderate alcohol consumption remains an accepted part of the American adult lifestyle, per capita expenditure on alcohol is expected to decrease minimally over the five-year period... purchase to read more
Industry Report - Industry Locations Chapter
As a service-based retail industry, bar and nightclub operators are dispersed largely in line with population and income distribution. The industry is concentrated in the West, Great Lakes and Mid-Atlantic regions, mainly due to population distribution and size. Most of these regions have a large number of relatively small establishments in terms of employment and revenue. However, the industry tends to also be under-represented in the Southeast region. Licensing restrictions in some states also have an impact on this industry's operations and location.
Research by the US Department of Agriculture indicates that the states with the highest per capita consumption of distilled spirits are New York (7.8% of industry establishments are located here), Florida, Texas and California... purchase to read more