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PRIVACY
Commercial Property

Comment: Competitive socialising signals new dawn for hospitality sector

Charles Jones from property agency CBRE argues that the rise of the bars offering activities is appealing to a new generation of customers

Competitive socialising venues such as Flight Club are becoming more popular, particular among young people

The last few years have been somewhat challenging for the hospitality and leisure sector. Rising energy prices and escalating wage and produce bills have meant a hike in operating costs.

The cost-of-living crisis has forced many operators to absorb these expenses rather than pass them on to the consumer, resulting in strained margins and closures.

But there's one sub-sector that is defying the trend - competitive socialising. Take a traditional pastime, say darts, give it a high-tech makeover, set it in a swanky venue to a pumping soundtrack and within a decade you've got yourself an entirely new, global business.

Flight Club opened its first venue in Shoreditch in 2015. The brand can now be found at 13 º£½ÇÊÓÆµ and beyond, including in Las Vegas and Perth in Australia, and of course on Birmingham's Temple Street.

Arguably one of the first competitive/experiential socialising activities, Flight Club has helped change the face of a typical night out, providing an alternative to going down the pub.

It's axe-throwing, bingo, darts, golf, shuffleboard and virtual reality gaming that are luring Gen Z. What's more, Birmingham has become a test-bed for a number of experiential leisure concepts, with the city enjoying the fastest regional growth in the sector.

One of the city's attractions for operators is its young population, with 40 per cent aged under 25 - the highest of any European city.