Economy Forcing People To Opt Out Of Going Out
Consumers Staying In for Better Value
It's no secret that drinks at the bar are marked up. And the better the scene, the more that Cosmopolitan or Manhattan is going to cost. On average though, a typical drink from the local watering hole is going to be marked up approximately 400%, meaning it would cost a person only one fourth of the price to make the same drink at home; which is exactly what many are choosing to do. In a style reminiscent of the seventies, home gatherings are back on the rise. "Hosting a few friends, each bringing a favorite spirit, provides all the fun of a night out at a fraction of the price," said Todd Snively, President of Buy Wholesale Cheap. And he is right. Only simple, cheap products need to be purchased to have the full experience as a night out such as maybe a cocktail shaker, ice bucket, and a few movies!
But what's a party without entertainment, right? Unlike the good ol' days where only a handful of quarters were necessary to keep the tunes coming, today almost everyone carries a cell phone that can store or stream any song, anywhere, instantly. And if some friends want to get together to watch the fight, game, or movie, it's a good thing the average TV size is up to over 40 inches, with many homeowners purchasing high definition sets 55 inches and larger. As the prices of TV's keep falling, these sets are only going to get bigger and more affordable compared to the price of a movie ticket which is almost at an average of $8 and slowly going up.
All this low priced fun is missing is a few friends to share it with. Fortunately, that same mobile jukebox everyone carries makes contacting friends and making new ones easier than ever. With mobile apps and websites like Twitter, Facebook, Snapchat, and Tinder, people are so constantly connected to one another that it almost takes a conscious effort not to be lonely.
While the appeal of bars and clubs will always exist, these venues are going to have to adapt and innovate to offer a better value for the average person's entertainment dollar. As technology puts better and cheaper entertainment in the hands of everyday people, it is getting easier and more affordable to bring the party home.
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