Industry Analysis & Industry Trends
Over the past five years, many economic and consumer trends acted against the Wedding Services industry. High unemployment reduced budgets for weddings and led to postponed nuptials; many individuals returned to school during the downturn. In addition, longer engagements, cohabitation before marriage and a higher average marriage age all became more acceptable, pushing the marriage rate down. Although some of these trends will linger, nuptials that were postponed will finally be planned and consumer spending on weddings will grow... purchase to read more
Industry Report - Industry Locations Chapter
Most weddings, with the exception of destination weddings, occur close to home for the bride or groom. Consequently, establishments in this industry are spread similarly to the US population. There are also a few underlying trends that affect the marriage rate in each state. For instance, states with a higher population in the primary demographic for matrimony are host to the most weddings per capita. Conversely, people in urban centers are less traditional and more mobile, resulting in fewer marriages per capita in high-density areas.
Destination weddings are usually smaller and; therefore, less costly despite the associated travel costs. Indeed, Las Vegas is the top spot for people to elope and Nevada has the highest proportion of marriages in relation to the population... purchase to read more