Open bar: The movement toward premium beverage consumption will benefit industry operators

The Bars and Nightclubs in New York industry has experienced steady growth over the past five years. Revenue growth has benefitted from strong gains in consumer confidence, which has contributed to a thriving nightlife culture in major metropolitan areas such as New York City, benefitting industry operators in turn. Per capita alcohol consumption has continued to rise in the state as well, thanks to rises in consumer spending. Over the five years to 2022, the industry is projected to continue facing competition from in-home alcohol consumption and nonindustry establishments that serve alcohol, such as restaurants. In spite of these factors, the industry's financial performance is forecast to remain relatively steady as the economy improves and consumer spending increases...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
3.0%
Forecast Growth 17-22
Profit
Employment
29,833
Businesses
5,034
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • New operators are consistently entering the industry to satisfy new consumer trends
  • The rising popularity of craft beer, cider, specialty cocktails and wine has helped sustain the industry
  • Operators that continue to adapt their drink menus to changing customer tastes will ensure steady business
  • Industry Report - Industry Key Buyers Chapter

    The Bars and Nightclubs industry is highly fragmented and consists of a large number of small businesses that are often family owned and operated. The top four players in the industry account for well under 5.0% of total revenue. Census information indicates that just more than 80.1% of establishments are small businesses employing up to nine people, and a total of 98.2% employ less than 50 people in New York State. There are limited economies of scale to be found by owning more than one venue due to the labor intensive and location-specific nature of the industry. Also, the varying state liquor laws make it difficult for owners to form large chains. Due...purchase to read more.

    Additional Insights for the Bars & Nightclubs in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bars & Nightclubs in New York Industry are

  • Having a loyal customer base
  • Ability to quickly adopt new technology
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Consumer Spending in New York and Consumer Confidence Index in the Bars & Nightclubs in New York industry impact industry performance..

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    What is the Bars & Nightclubs in New York 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 drinks
  • Sale of wine drinks
  • Sale of beer and ale
  • Sale of meals and nonalcoholic beverages
  • Admissions to special events and nightclubs (cover charges included)
  • Industry Activities
  • Operating licensed bars
  • Operating nightclubs
  • Operating wine bars
  • Operating licensed establishments with limited food service
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Spending in New York
  • Consumer Confidence Index
  • Per Capita Alcohol Consumption in New York
  • Healthy eating index

  • Current Performance
  • Go out or stay home?
  • Consumption trends
  • Downsizing
  • Chart: Revenue Growth

  • Industry Outlook
  • Beer, wine and premiumization
  • Future risks
  • Establishments to expand
  • Table: Bars & Nightclubs in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bars & Nightclubs in New York Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beef & Pork Wholesaling
  • Beer Wholesaling
  • Egg & Poultry Wholesaling
  • Fish & Seafood Wholesaling
  • Wine & Spirits Wholesaling

  • Products & Services
  • Sale of distilled spirit drinks
  • Sale of beer and ale
  • Sale of meals and nonalcoholic beverages
  • Sale of wine drinks
  • Other
  • Admissions to special events and nightclubs (cover charges included)
  • Chart: Bars & Nightclubs in New York Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 45 to 54 years
  • Consumers aged 25 to 34 years
  • Consumers aged 35 to 44 years
  • Consumers aged 55 to 64 years
  • Consumers aged 65 years and older
  • Private sector
  • Consumers aged under 25 years
  • Chart: Major Market Segmentation for the Bars & Nightclubs in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Bars & Nightclubs in New York

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bars & Nightclubs in New York Industry

  • There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Bars & Nightclubs in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Bars & Nightclubs in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Off-Premise Consumption
  • The purchase of alcoholic beverages for consumption at home.
  • On-Premise Consumption
  • The purchase of alcoholic beverages for consumption out of the home environment.
  • Packaged Alcohol
  • Alcohol packaged for purchase in bottles, cans or similar containers.
  • Why buy this report?

    IBISWorld’s industry research report on Bars & Nightclubs in New York provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Bars & Nightclubs in New York:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Bars & Nightclubs in New York market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Bars & Nightclubs in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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