The Night Time Industries Association (NTIA) has released its third annual Night-Time Economy (NTE) Report, highlighting that economic challenges are outweighing the strengths of late-night firms. The report reveals no real growth in turnover since 2019, with significant revenue losses due to the pandemic and inflation. Despite a rise in consumer spending and employment levels surpassing pre-pandemic figures, the sector’s underlying fundamentals remain constrained. The NTIA calls for strategic interventions to ensure the long-term viability and resilience of the night-time economy.

Read the full article here.