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Biggest ever night-time economy report published

A Guide to Managing Your Night Time Economy, published by Sound Diplomacy, features contributions from industry leaders and 11 key recommendations for cities

By Molly Long on 08 Jun 2018

London's skyline at night

Cities like London's help contribute £66 billion to the national economy


image © CC0 Public Domain

Music market development consultants, Sound Diplomacy, have announced this week the publication of the most comprehensive night-time economy report ever. A Guide to Managing Your Night Time Economy features the contributions of experts in the field and is co-written by renowned night-time economy academic, Harvard PhD candidate Andreina Seijas.

Around the world, the importance of city night-time economies is growing. The publishing of this report is timely and highlights the impact that night-time entertainment can have on the wider context of national economies. Using the UK and New York as examples, it notes that their night-time economies (NTEs) contribute £66 billion and US$1o billion to their national economies respectively.

Using data from 11 cities spanning five continents, the report extensively covers the concept of 24-hour cities. Regardless of opening hours, train times or late night restrictions, the report suggests, “most cities, towns and regions function 24‑hours‑a‑day. Time does not stop.”  This idea that most cities are 24-hour is the first of nine takeaway lessons for cities to consider.

“Cities benefit from having a vibrant night time from social cultural and economic perspective.”

Alongside this concept, the report also seeks to clarify the logistical side of night-time entertainment. Concert venues and bars are only half the issue; cities wishing to capitalise on their night-time economies must be organised. Therefore, there is a focus on safety, networking and expert decision makers and staff. Case studies from cities including London, Amsterdam and Delray Beach in Florida, are used to identify and share tried and tested policy that cities across the world have used to promote and maintain their NTEs.

Featured in the report is Mirik Milan, is former night mayor for Amsterdam. Speaking about the report, he says: “This guide will inspire many cities because it shows the limitless possibilities for improvement the night brings.

“Cities benefit from having a vibrant night time from social cultural and economic perspective.”

Additional to the publishing of the most comprehensive night-time guide ever, Sound Diplomacy have also announced the establishment of the Night Time Economy Convention, the first of which will be held on 15 November in Bogota, Colombia.

 


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