In April 2020, almost half of night-time economy sector businesses in the UK expected their company to close within three months under COVID-19 measures, at 45 percent of respondents. Only 17 percent believed their business would survive for more than six months.
How long can your business survive under current measures?
* The source adds the following methodology: "1,154 Surveys were completed - from the Nighttime Economy Sector Businesses.
355 Surveys were analysed l- Based on SME Operations across the UK – Under 250 Employees.
Representing over 3000 Businesses & Over 150,000 Employees."
According to the NTIA night time economy businesses include bars, nightclubs, restaurants, pubs, plus festival, live music event and other nightlife operators, and supporting businesses of the industry.
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Statistics on "Coronavirus: impact on eating and drinking out in the UK"
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Night Time Industries Association. (April 29, 2020). How long can your business survive under current measures? [Graph]. In Statista. Retrieved July 08, 2020, from https://www.statista.com/statistics/1117005/nighttime-business-survival-during-coronavirus-uk/
Night Time Industries Association. "How long can your business survive under current measures?." Chart. April 29, 2020. Statista. Accessed July 08, 2020. https://www.statista.com/statistics/1117005/nighttime-business-survival-during-coronavirus-uk/
Night Time Industries Association. (2020). How long can your business survive under current measures?. Statista. Statista Inc.. Accessed: July 08, 2020. https://www.statista.com/statistics/1117005/nighttime-business-survival-during-coronavirus-uk/
Night Time Industries Association. "How Long Can Your Business Survive under Current Measures?." Statista, Statista Inc., 29 Apr 2020, https://www.statista.com/statistics/1117005/nighttime-business-survival-during-coronavirus-uk/
Night Time Industries Association, How long can your business survive under current measures? Statista, https://www.statista.com/statistics/1117005/nighttime-business-survival-during-coronavirus-uk/ (last visited July 08, 2020)
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