Industry Analysis & Industry Trends
Strip clubs experience relatively constant demand. Although changes in consumer spending and behavior can create year-to-year fluctuations in strip club revenue, demand for the industry as a whole persists over time. Despite recession-induced dips early in the period, IBISWorld expects overall revenue to increase during the next five years, thanks to renewed consumer spending and pent-up demand.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld analysis reveals the Strip Clubs industry is in a mature stage of its economic life cycle. Over the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the US economy, is projected to grow at an annualized rate of 2.7% per year. In comparison, US GDP is forecast to rise at an annualized rate 2.5% during the same period. An industry which has an IVA that grows at a similar rate as that of the US GDP is usually classified as an industry in its mature phase. Further cementing the industry in a mature phase is the slow level of technological change as well as widening markets.
Technological changes in the Strip Clubs industry stem from improvements in equipment quality as well as financial management systems... purchase to read more