When young people born in the 1980s and 1990s gradually become the main force of consumption, they have a stronger demand for night shopping, catering, play, leisure, and entertainment.
A night movie after working overtime to relieve the fatigue brought by work; whether there is a 24-hour convenience store nearby becomes an important reference when renting a house; the 24-hour closed bookstore has become a lifestyle pursued by young people. These new things are unknowingly changing the consumption pattern and time and space of everyone.
In order to better serve the economic development of Beijing at night and facilitate citizens to travel at night, subway lines 1 and 2 will be extended from May to October every year. Two established cinemas in Shanghai have taken the lead in becoming the first batch of "24-hour cinemas" in the city, with screenings delayed until after midnight. Tianjin will focus on building 6 municipal economic demonstration blocks at night, relying on the characteristic food street, food street, adding night cultural performance, film and television, entertainment and other services and sightseeing attractions.
The night economy has injected new impetus into urban development, which is directly related to the consumption concept and living habits of modern people. It also benefits from the continuous popularization and upgrading of various Internet service platforms. However, the development of the night economy cannot be completed only by market self-drive. It needs the joint efforts of various aspects to promote the rise of the night economy. For example, the running time of public transportation directly affects people's travel at night. Both consumers and service personnel in the catering and leisure fields rely on convenient public transportation. In addition, the security situation and the convenience of parking are also necessary to improve the quality of the night economy.
Night Economy in America:
https://www.usatoday.com/story/money/2019/09/27/nightlife-economies-new-york-los-angeles/40202209/
It is interesting to see how economies work in the day vs. at night. There is a great difference since the way the market works at night is fundamentally different than how it works in the day. For example, as you mentioned, different sorts of attractions and entertainment options are more sought out at night vs in the day time, such as movie theaters. Ticket prices are also more expensive at night, for example.
ReplyDeleteThere is also some night economies in United States, however, it only exits in few cities. And the securities is still a problem because of many mass shooting or robbery. However, I think it is actually a huge market in United State, if the government could pay more attention and do some move for it.
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