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Saturday 28 October 2023

Bridging the gap: Sydney's night-time economy is bouncing back

On a recent visit to Sydney it was impressive to see restaurants busy and bustling - even early in the week.

An now data released this week by the Council of Capital City Lord Mayors (CCCLM) has reported an uptick in Sydney’s night-time economy with a growing number of establishments across the city and a boost in overall sales turnover.

Notable increases were reported across the retail, accommodation, food, drink, leisure and entertainment sectors, highlighting an opportunity for more consumer-facing businesses to adjust their trading patterns to service the growing night-time demand.

The Measuring the Australian Night Time Economy Report covers the 2021-2022 financial year, and despite the impact of Covid restrictions during part of this period, reported encouraging results for Sydney’s night-time economy.

“It’s heartening to see the trajectory of these results as we want to keep our city safe, open and welcoming for everyone at all times of day,” Lord Mayor of Sydney Clover Moore said.

“For years our communities have told us they want a vibrant night-time city where businesses big and small can flourish.

“The report highlights an opportunity for businesses to extend, improve or diversify their evening activities to support a more interesting and successful night-time economy.”

Of the 89 local government areas analysed in the report, Sydney hosts the highest density of night-time establishments per square kilometre in Australia.

Across the week, most businesses remain open at some point on a Thursday night, (particularly for late night shopping), and Friday and Saturday nights have the highest concentration of businesses operating in later hours from 9pm to 3am.

View the complete Measuring the Australian Night Time Economy Report here.

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