Core Viewpoint - The article emphasizes the importance of night economy as a key driver for urban consumption growth, particularly in Shanghai, which is leading the way with various initiatives and support measures to enhance nighttime activities and consumer engagement [2][3]. Summary by Sections Night Economy Initiatives - Shanghai's night economy is projected to see 4.03 million active nighttime trips in 2024, with 75% of the city illuminated at night and 264,900 night movies screened [2]. - The "Exciting Night Shanghai" series was launched in late July, introducing 10 new support measures to enhance the night economy, including the establishment of popular night economy landmarks [2][8]. Role of Businesses and Market Adaptation - Businesses are actively innovating and adapting to the night economy, with examples like the Universal Port extending operating hours and introducing special nighttime events, resulting in over 15% growth in nighttime customer traffic and sales [5][7]. - The article highlights the collaborative efforts between businesses and the government to create a vibrant night economy ecosystem, with businesses taking the lead in innovation [3][7]. Leadership in Night Economy - Newly appointed CEOs for night economy landmarks are tasked with enhancing nighttime consumer activities, introducing new business models, and fostering a collaborative environment among various sectors [5][11]. - The responsibilities of these CEOs include promoting local cuisine, establishing merchant self-governance, and facilitating communication between government and businesses [11][12]. New Measures and Regulations - The new measures include optimizing outdoor seating arrangements, enhancing nighttime safety, and improving the quality of nighttime lighting to create a more inviting atmosphere for consumers [9][17]. - The government aims to encourage businesses to operate until midnight or later, expanding the variety of nighttime offerings [8][9]. Economic Impact and Consumer Behavior - The night economy is expected to significantly boost consumer spending, with Shanghai's nighttime consumption totaling 88.01 billion yuan, reflecting a 3.3% year-on-year increase [16]. - The article notes that the revival of tourism and the introduction of new consumer experiences are driving growth in nighttime activities, with a notable increase in foreign and young visitors [13][16]. Challenges and Future Directions - While the night economy presents opportunities, it is noted that not all retail sectors may benefit equally, with food and beverage industries being more suited for nighttime operations [14]. - The article suggests that continuous innovation and adaptation to consumer preferences will be crucial for the sustained growth of the night economy in Shanghai [15].
上海给夜经济加了什么“猛料”?
第一财经·2025-08-07 01:50