Industry Report - Industry SWOT Analysis Chapter
The Pubs, Bars and Nightclubs industry is in the mature phase of its economic life cycle. Industry value added (IVA), which is a measure of the industry's contribution to the overall economy, is projected to grow at an annualised 0.6% over the 10 years through 2022-23. This represents an underperformance compared to the overall economy, with GDP forecast to grow at an annualised 2.6% over the same period. This slower growth is indicative of a mature industry.The industry enjoyed a new growth phase in the 1990s, underpinned by the introduction of gaming machines in many venues. However, this growth phase has ended, with mounting community and political opposition to gaming machines increasingly tightening regulation regarding gaming machines in industry establishments. In ...purchase to read more.
Additional Insights for the
Pubs, Bars and Nightclubs
Industry
IBISWorld has determined the most important Key Success Factors for the Pubs, Bars and Nightclubs are:
Proximity to key markets Membership of joint marketing/distribution operations Having a loyal customer base
IBISWorld analysts also discuss how external factors such as Real household discretionary income and Per capita alcohol consumption in the Pubs, Bars and Nightclubs industry impact industry performance..
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