Major businesses including Airbnb, Sydney Airport and the International Convention Centre are warning the Premier that the city's prosperity is at risk if its night life is not revived.

The businesses have written to Gladys Berejiklian, urging the state government to turn Sydney into “one of the great cities in the world for diverse and vibrant night life”.

Major business are pleading for a more diverse and vibrant night life in Sydney. Credit:Wolter Peeters

It comes as a parliamentary inquiry into Sydney's night time economy has been inundated with almost 800 submissions, including from health professionals to venue owners and music groups.

The inquiry starts public hearings on Monday and will examine whether the controversial lockout laws should be relaxed after Ms Berejiklian said it was time to "take stock" and rethink the laws.