Industry Analysis & Industry Trends
Operators in the Wedding Planners industry organize and design marriage ceremonies and receptions. Over the five years to 2013, industry revenue has been volatile as consumers experienced financial instability during the economic downturn. Because the Wedding Planners industry is heavily reliant on consumers, the industry ebbs and flows with fluctuations in per capita disposable income and unemployment. As per capita disposable income fell and unemployment shot up, couples either delayed marriage or provided industry services themselves, resulting in less demand for wedding planners. Although IBISWorld expects the industry to decline at an annualized rate of 0.7% to $1.2.... purchase to read more
Industry Report - Industry Locations Chapter
The Wedding Planners industry is highly fragmented and largely distributed proportionally with population in the United States. In 2013, the Southeast is expected to hold the most industry establishments of any region, at 29.7% of the total. New England and the Rocky Mountains are expected to hold the least, at 4.4% each.
The Southeast region is expected to have 29.7% of industry establishments in 2013. This region also includes the state with the most establishments, Florida, which has an estimated 13.7% of industry establishments. States like Florida are population destination wedding locations. Locations such as Disney World are very popular for weddings, which is why the number of establishment outpaces the proportion of population located in the region... purchase to read more