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 Products Chapter
Sales of liquor, wine and beer
The overwhelming majority of industry revenue stems from alcoholic beverage sales, accounting for about 75.0% of the total. IBISWorld estimates that distilled spirit sales account for about 32.5% of total revenue, while beer and ale account for 36.4% of sales. Wine accounts for 6.9% of sales. Sales of packaged alcohol account for less than 2.0% of revenue. Over the past ten years, there has been a general decline in the proportion of alcohol-related revenue derived from beer and ale, though this trend has been offset by increasing consumption of wine, distilled and mixed spirit drinks.
This segment is highly sensitive to economic factors which affect the on-premise consumption of alcohol... purchase to read more