Findings from the “Electronic Beats, Economic Treats 2024” music report by the Night Times Industries Association (NTIA) highlights that 4% of nightclubs shut down between 2022 and 2023 in England, Wales, and Scotland. 31 clubs were lost during the year, according to the study. The NTIA data reveals that 32% of clubs in the UK have closed since the pandemic, with the highest impact on nightclubs in comparison to other hospitality sectors. In addition, another study from AlixPartners and CGA found that over 4,800 nightlife businesses permanently closed in the UK last year.
The NTIA study points out that nightclubs are at the most considerable risk of all hospitality businesses because of the cost of living crisis. During the 2022-2023 period, the study also observed a 9% decrease in club visitors. Nevertheless, the new report also emphasizes the economic contribution and cultural importance of electronic music to the UK economy. The UK is recognised as the third in the world for hosting festivals featuring electronic music, hosting around 300 events annually with almost 20,000 artists.
The report highlights that the majority of respondents experience emotional and mental health benefits when attending live electronic music events and daily consumption, with 80% listening to the genre daily, including 75% of those aged 45 and over. The study is encouraging the culture of dance music supporters and stakeholders to help propel electronic music to new heights in the UK and beyond.
Michael Kill, CEO of NTIA, stated that “This report invites you to embark on a journey through the pulsating heart of the UK electronic music scene, From the pioneers who laid the groundwork to the emerging talents shaping its future, each note, each beat, is a testament to the enduring cultural value of electronic music in the United Kingdom.” read the complete report here
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