Expect dance studios everywhere to put their tuition, expenses and discount policies under a microscope in the coming months to make sure they are maximizing their revenue potential. Read the 2024 Dance Studio Industry Benchmark Report to take a deep dive into the data and see how your business measures up against the masses., For some, there really is no business like show business. In aggregate, consumers spent £6.1 billion going to gigs, festivals and club nights in the UK last year – a 35% increase from pre-pandemic levels. This figure includes ticket sales and spending in and around the event., The number of nightclubs in the UK has dropped to 851, down from 3,144 in 2005. According to the Night Time Industries Association (NTIA), 396 nightclubs closed between March 2020 and December 2023 - an average of nearly 10 per month, making up 31% of the nightlife sector. 1. Smaller clubs and music venues have been hit hardest., Key findings from the report include: launches, generating £33.6 billion. festivals, contributing £28.053 billion. after the pandemic-induced demand for talent. Additionally, the report points to the industry's growing focus on sustainability and technological innovation., In 2023, London accounted for nearly a third (30.6%) of total live music revenue while Manchester took the second highest at 7.4% and Glasgow took the lead in Scotland with 5.5% of the UK’s share. Other cities in the top 10 included Edinburgh, Birmingham, Cardiff, and Belfast., However, the revenue gap remains pronounced, with the Largest 125 ballet and classically based companies generating 3.76 times more revenue than the Largest 125 contemporary and modern dance companies in FY22. This year DDP also examined company fiscal surpluses and deficits for the first time..