Econsult Solutions, Inc. (ESI), in partnership with North Highland and Urbane Development, completed the first ever economic impact study on the City of New York’s nightlife economy.
NYC’s Nightlife Economy: Impact, Assets, and Opportunities was commissioned by The Mayor’s Office of Media and Entertainment and reports on:
The team developed a direct spending model by identifying the establishment categories that fell within the parameters of a nightlife establishment, using Bureau of Labor Statistics data to aggregate jobs and wages data and US Census Economic Census data to calculate output of these establishments. Additional market research and primary data collection was performed through surveys to identify consumer trends, to understand challenges and opportunities facing nightlife operators and professionals, and to develop policy recommendations for New York City. The analysis resulted in an estimate of the total direct economic impact of nightlife in New York City, and allowed us to identify trends by geography and subsector within the industry.
In the News:
Wall Street Journal: New York City’s Nightlife Economy is Thriving, Study finds
Billboard: NYC Office of Media and Entertainment Report Reflects Growing $35 Billion Nightlife Industry
Crain’s New York Business: Uber, Lyft boosting Brooklyn’s nightlife: report
AM New York: NYC nightlife keeps economy humming 24/7 report shows
Curbed New York: New York’s nightlife industry outpaces rest of local economy
New York Daily News: New York City nightlife accounts for $35 billion in economic input
Gothamist: Report: Despite Venue Closures, The State of NYC Nightlife is **DJ AIRHORN**