Sydney is losing out on close to $16 billion a year due to its underdeveloped night-time economy, according to economic analysis
The city’s night-time economy, which is currently valued at $27 billion a year could be worth $43 billion, Deloitte Access Economics says in a report published by Sydney Morning Herald.
It found Australia’s night-time market represents 3.8 per cent of the domestic economy, compared to six per cent in the United Kingdom