The revenue of drinking places in Canada experienced modest fluctuations from 2013 to 2019, hovering around 2.85 billion CAD. However, the COVID-19 pandemic severely impacted the industry, causing a sharp decline to 1.46 billion CAD in 2020. The industry began a gradual recovery, reaching 2.72 billion CAD by 2023, translating to a 9.53% year-on-year growth for 2023. The compound annual growth rate (CAGR) over the last five years stands at -0.68%, reflecting the turbulence caused by the pandemic and the partial recovery.

Future trends to watch for include:

The forecasted gradual decline in revenue to 2.62 billion CAD by 2028, suggesting a modest downturn with a forecasted 5-year CAGR of -0.54%.
Possible continued impact of changing social habits and economic conditions on drinking places.
Potential shifts towards online alcohol sales and home consumption trends.
The influence of regulatory changes and health trends on consumer behavior.