The State of the Wedding Industry

Oct 28, 2008 Wedding Planning Institute
The wedding industry has historically done well even in times of economic uncertainty. Tough financial times simply do not override love and marriage. With that in mind, here is a look at wedding statistics for 2008 as researched and reported by The Wedding Report. Dollar amounts are the average spent for each category across the country. In some cases, such as Bridal Attire, the amount represents the sum of the averages of all items in that category.
Estimated U.S. Weddings: 2,212,923
Total Estimated Wedding Market Value: $62,053,359,662
Average Number of Guests: 166
Total Average Spending: $28,704

· Bridal Attire: $1,903
· Groom Attire: $449
· Hair and Makeup: $166
· Wedding Ceremony: $1,552
· Wedding Officiant: $226
· Rehearsal Dinner: $1,300
· Entertainment: $493 to $1,786
· Flowers: $2,033
· Gifts and Favors: $1,427
· Honeymoon: $3,805
· Stationery: $911
· Jewelry and Rings: $5,803
· Photography and Videography: $3,502
· Wedding Planner: $1,483
· Reception: $15,516
· Transportation: $257 to 690

For the Certified Wedding Planner, here are the estimates for the range of services you provide to your clients.
· “Day Of” Coordination: $500 to $3,000
· Month-of-Direction: $1,200 to $2,150
· Full Service Wedding Coordination: $2,500 to $6,500
· A La Carte Services: $55 to $150 per hour

Additionally, Shane McMurray, CEO and founder of The Wedding Report, writes that “despite the credit crunch, the wedding industry remains steady. Most business reporting sales are good with consumer spending remaining steady. Businesses are also reporting that the number of couples getting married remains steady, three month sales expectations are good, but business cost continues to increase.”

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