Pubs, Bars and Nightclubs in Australia - Industry Market Research Report

Glass half full: Customers have returned to venues as COVID-19 restrictions have eased

The COVID-19 pandemic has dealt a massive blow to the Pubs, Bars and Nightclubs industry. The initial lockdowns began in late March 2020 and continued intermittently, wreaking havoc on revenue streams. Simultaneously, decreased alcohol consumption, online gambling competition and tighter regulations added more strain. A severe slump in international travel to Australia because of border restrictions resulted in a substantial loss of income from tourism spending. Despite these challenges, the industry has witnessed a silver lining with a rise in discretionary income. This trend has boosted sales of high-end alcoholic drinks and gourmet food offerings, giving the industry a needed lift. Industry revenue is expected to fall at an annualised 0.6% the over the five years through 2023-24 to $20.3 billion, when revenue is anticipated to leap by 3.7%. Industry operators sell alcoholic beverages for consumption either on the premises (e. g. bars) or off the premises (e. g. drive-through bottle shops). Industry venues sometimes also provide food service, live entertainment, and gaming and betting facilities. 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.