Strip Clubs in the US - Industry Market Research Report

The show continues: Rising external competition will likely pose a threat to strip clubs

Strip club operators continue to distance themselves from the negative connotation associated with clubs, and instead market establishments as high-class gentlemen's clubs or cocktail lounges offering adult entertainment. Despite reputation concerns, consumer spending behavior continues to be the main determinant of industry demand. Though conditions have been favorable over the last few years, the outbreak of COVID-19 limited consumer confidence and nonessential spending. In the last five years, industry revenue has been decreasing at a CAGR of 5.1%, and is expected to reach $7.4 billion in 2023. This includes a decline of 1.9% in 2023 alone. Companies in this industry operate adult entertainment venues in which striptease or other erotic or exotic dance is regularly performed for males, females or mixed audiences. Establishments may also serve food and beverages or offer patrons the opportunity to bring their own beverages. Operators that only license brand names to clubs without directly operating them are excluded. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.