An update on the state of Australia’s Night Time Economy in metropolitan areas has found the sector employed more than 1.1 million people in 2017-2018 and had a turnover close to $136 billion, or nearly five percent of the total economy.
The new study by the Council of Capital City Lord Mayors, which assessed of the night economy of the metropolitan areas of every state and territory, also found the food industry continued to be the main source stoking that economy.
While that sector’s growth slowed in the 2017-18 financial year from 2016-17, it still increased by 2.5 percent and accounted for nearly two-thirds of all night time economy establishments.
The entertainment sector grew the strongest, up 3.3 percent nationally, with entertainment jobs also rising by 3.4 percent.
“Now in its ninth year, this important research captures the scale, diversity and direction of the development of Local, State and Territory and National night time economy activity,” Council Chair and Hobart Lord Mayor, Anna Reynolds, said.
“This research supports city councils’ decision making by measuring existing strategies and developing policy that contributes to providing safe and vibrant city experiences.”