<p>Private members clubs are booming with new establishments popping up across London and New York. Increasing numbers of people are forking over thousands for access to these exclusive spaces as many bars, pubs and clubs struggle during an affordability crisis. CNN's Business and Economics Reporter Anna Cooban asks whether the future of city nightlife looks set to be “members only”?</p>
Why elite private members clubs are booming in London and New York

Private members clubs are booming with new establishments popping up across London and New York. Increasing numbers of people are forking over thousands for access to these exclusive spaces as many bars, pubs and clubs struggle during an affordability crisis. CNN's Business & Economics Reporter Anna Cooban asks whether the future of city nightlife looks set to be “members only”?

2:42 • Source: CNN
Latest from CNN Business 15 videos
<p>Private members clubs are booming with new establishments popping up across London and New York. Increasing numbers of people are forking over thousands for access to these exclusive spaces as many bars, pubs and clubs struggle during an affordability crisis. CNN's Business and Economics Reporter Anna Cooban asks whether the future of city nightlife looks set to be “members only”?</p>
Why elite private members clubs are booming in London and New York
02:42
Now playing
• Source: CNN
still_22741600_0_still.jpg
How a fishing community reflects a still divided post-Brexit Britain
04:12
Now playing
• Source: CNN
still_22751537_71197_still.jpg
When is it too hot to work?
01:39
Now playing
• Source: CNN
mims.jpg
Make It Make Sense: Why are Americans increasing the rate of personal spending despite economic fears?
03:55
Now playing
• Source: CNN
RenameThisHorizontal.00_00_00_22.Still001.jpg
AI glasses are creating a cheating problem
01:08
Now playing
• Source: CNN
A home for sale in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on June 21. Photographer: David Ryder/Bloomberg via Getty Images
Make It Make Sense: Why are houses so expensive?
03:09
Now playing
• Source: CNN
THUMB NEW 1_1.png
From Shein to Pop Mart: How Chinese brands are grabbing global market share
01:42
Now playing
• Source: CNN
Ray Dalio of Bridgewater Associates and Harvey Schwartz of The Carlyle Group on The 1 ON 1 with CNN
Billionaire Ray Dalio worries about our political polarity
01:45
Now playing
• Source: CNN
Ray Dalio of Bridgewater Associates and Harvey Schwartz of The Carlyle Group on The 1 ON 1 with CNN
Why Carlyle Group CEO Harvey Schwartz began talking about his family’s mental health struggles
02:25
Now playing
• Source: CNN
Ray Dalio of Bridgewater Associates and Harvey Schwartz of The Carlyle Group on The 1 ON 1 with CNN
Carlyle Group CEO: You can’t teach creativity
02:09
Now playing
• Source: CNN
WASHINGTON, :  US Federal Reserve Board Chairman Alan Greenspan testifies before the US Senate Banking Committee 13 February, 2001 on Capitol Hill in Washington, DC. Greenspan is making his semi-annual economic report. (FILM) AFP PHOTO/Mario TAMA (Photo credit should read MARIO TAMA/AFP via Getty Images)
Alan Greenspan dies at 100
03:06
Now playing
• Source: CNN
Goldman MIMS.png
Make It Make Sense: Why your iPhone is about to cost you more
03:12
Now playing
• Source: CNN
SANDERS THUMBNAIL .png
Sen. Bernie Sanders to introduce bill to give public direct ownership stake in AI companies
06:16
Now playing
• Source: CNN
Goodlander June 17.jpg
Why having a FIFA ticket might not be enough
03:27
Now playing
• Source: CNN
CEOs Jason LaRose of Bombas and Sherrie Westin of Sesame Workshop on The 1 ON 1 with CNN
How Sesame Street tackles issues like homelessness, addiction and military deployment
02:53
Now playing
• Source: CNN