Bars And Clubs Feeling A Similar Pinch With Slumping Economy
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Bars And Clubs Feeling A Similar Pinch With Slumping Economy
Friday January 9, 2009
CityNews.ca Staff
At a time when people are seeking social distractions more than ever, the cruel irony is many suddenly can't afford them.
That's the reality faced by those who make nightlife their business in Toronto and aboard, and a quick survey of some of the lines - or lack thereof - in Hogtown's Entertainment District Friday night was proof enough.
"I think business has gone down all the way around, I think people are a little bit scared," admitted Jimmy Kambourakis, owner of upscale spot This Is London.
Of course, as Kambourakis also pointed out, January is always a slow time for drinking establishments, with more choosing to stay in and hibernate.
The hope though, is that the economy doesn't stay in its slumber when spring has finally sprung. The fear is it almost certainly will.
"Tough times are coming and we are concerned because I don't know how it's going to pan out in the next couple of months," said Joanne Dionisopoulos, who owns John Street's Club Lucky.
She's not alone, but others say it may not be time to hit the panic button just yet.
"At this point we're cautiously watching and waiting, obviously it's a concern to everybody," insisted Janice Solomon of the Entertainment District BIA.
But at least one owner, Hotel Boutique Lounge's Krystian Catala, put a brighter spin on things.
"People drink when they're happy and they drink when they're depressed," he said. "So I guess we're in a good business."
And there's one more bit of silver lining.
Torontonightclub.com says partiers can expect reduced covers and creative promotions in the months to come as owners try to get people back in line.
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source:
http://www.citynews.ca/news/news_30852.aspx
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