The music has stopped for many nightclubs during the past five years. Legislation that has extended licensing hours for other drinking establishments and banned smoking indoors has removed the industry's main competitive advantage. Late-night revellers once had to go to nightclubs, but they can now stay at a pub or bar and enjoy a wider selection of drinks, cheaper prices and a more relaxed atmosphere. This has pushed the industry into a long-term decline.
Nightclubs have also come under pressure from the economic downturn, which made clubbing unaffordable for many.
The Nightclubs industry covers licensed establishments that sell beverages for consumption on their premises and usually charge a fee for admission. This may come in the form of either an entrance fee or a membership fee. They commonly also provide musical entertainment and dance venues. The industry does not cover public houses, bars, hotels or restaurants.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.