Hospitality Report: Analysis of Night Life Economy in Australia

This report examines the night life economy, focusing on its impact on employment, revenue, and citizen security. The study highlights the positive effects of a 24-hour economy, including increased job opportunities and revenue generation, citing examples from the Australian context. It references reports indicating significant employment contributions and revenue growth within the hospitality sector. The analysis also addresses the importance of security measures to maximize the benefits of the night life economy, using the city of Parramatta as a case study. The report emphasizes the potential for revenue increase and improved citizen security, while also acknowledging the need for clear guidelines and security protocols to prevent potential downsides such as increased crime. The conclusion advocates for embracing the night life economy while implementing public security measures to ensure its success.

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Night Life Economy 1
Introduction
Basically, night life economy implies an economy that operates twenty fours. The impact
of the night life economy has been positive in terms of revenue, employment and togetherness.
Jobs
According to the Council of Capital city Lord Mayor’s report, the Australian night
economy has increased employment opportunities. Notably, the night economy has created over
a million employment opportunities for the Australian economy which accounts for 8.7 % of
Australian labor participation (Potvin 2016). Recently, the year 2016-2017, the Night economy
has contributed to 17 percent of the supply sector which has employed 3 million Australians that
is estimated to be a 1.9 percent increase in employment index in the year 2016.In addition to
increased employment avenues, the nightlife economy has increased revenue to the Australian
gross domestic product hence boosting the economic rate of growth in the country (Ingenium
Research 2018).
Revenue increase
Specifically, a 20 % increase in revenue was recorded in the year 2013-14 to which the
Australian economy grew by 14 %.In terms of revenue, the nightlife economy contributed
715billion USD in the year 2016 as depicted in the image below (Ingenium Research 2018).
Also, the nightlife economy has promoted the diversification and commercialization of leisure
activities. Such activities like bowling, food festivals have alleviated rush hour congestion and
created revenue in itself. Also, nightlife economies enhance security to the extent that
restaurants, shops and other avenues of leisure operate for longer hours(through the night). Such

Night Life Economy 2
long operation hours keep the streets lit up. However, in some cases, crime does occur despite
the lit up streets and alleys. Through cities with night life economies, a sense of belonging is
established among locals and tourists due to the wide array of day and night time leisure and
commercial ventures.
For the city of Parramatta, I would recommend that a night economy be allowed due to
the benefits of employment, sense of belonging, citizen sense of security and revenue that stem
from the night economy. However, there need to be security measures to harness the full benefits
of the night economy (Wadds 2018). According to Sydney Heralds report by Matt wade dated
February 12, 2019, the Sydney night economy is missing out on sixteen billion revenue due to an
undeveloped nightlife economy.(Fernando 2019)This goes to show that the city of Paramatta
needs clear guidelines for the successful operation of the nightlife economy. In the event that
security apparatus such as Sydney's lockout laws are lifted, the economy will grow in terms of
revenue the growth of the city of parammata has growth opportunities like Sydney which are still
underdeveloped.
Conclusion
It is my view that the city embraces the nightlife due to the revenue increase for the
government, employment opportunities for the citizens and the fact that it will enhance the sense
of belonging and boost citizen security initiatives in the long run. However, it is imperative that
the city implements public security measures partnership between the public and security forces
to prevent and contain insecurities that might outdo the good of the nightlife economy.

Night Life Economy 3
References
Fernando, G. (2019).Sydney is losing out on $16 billion a year due to an underdeveloped night-
time economy.News.Com.[Online].February 2019.Available at
https://www.news.com.au/finance/money/costs/sydney-is-losing-out-on-16-billion-a-year-due-
to-an-underdeveloped-nighttime-economy/news-story/
5fab6b8bd90e41bafdab5c7438ba2e3b[Accessed17 May 2019]
Ingenium Research. (2018). Measuring the Australian Night Time Economy 2016-17.Ingenium
Research [Online].Available at
http://www.lordmayors.org/wp-content/uploads/2018/09/Measuring-the-Australian-NTE_2016-
17_FINAL_2018-09-14-1.pdf[Accessed 17 May 2019]
Potvin, C. (2016). The night-time economy: the importance of Australia’s after-dark small
businesses. KocheBusinessbuilders.[Online].May 16.Available at
https://www.kochiesbusinessbuilders.com.au/night-time-economy-importance-australias-dark-
small-businesses/[Accesssed 17 May 2019]
Wadds, P. (2018). Crime, Policing and (In) Security: Press Depictions of Sydney's Night-Time
Economy. Tandofline.[Online].Available at
https://www.tandfonline.com/doi/abs/10.1080/10345329.2015.12036033[Accessed 17 May
2019]