Research from Mintel shows that a total of 355 clubs closed last year — 13% of the country’s 2,722.
“Nightclubs were struggling prior to the recession as people increasingly opted for late-night bars,” said Jonny Forsythe, of market researchers Mintel.
“However, the economic downturn has accelerated their decline meaning that consumers — and particularly nightclub’s core target of 18-24 adults — have much less disposable income to spend on their leisure activities.
“As a result, these younger consumers have little choice but to drink more in-home. with alcohol being much more affordable in supermarkets, who deliberately discount in order to attract footfall.”
“The increasing gap between the cost of alcohol to drink in-home and that bought in the on-trade (ie pubs, bars, clubs and other licensed venues) which can be as much as five or six times more expensive, has meant a general shift towards in-home drinking for the UK population over the past five years.
Paramount Investments are London based commercial property agents and valuers, acting on behalf of property companies along with UK breweries,pub companies, pub chains, pub landlords and publicans.
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