Monday, July 20, 2009
The Average Cost Of A Wedding Drops 14% In 2nd Quarter 2009
The latest wedding industry statistics issued by The Wedding Report confirms that couples are continuing to cut back on their budgets when it comes to their bridal celebrations, but certain areas are starting to see an surprising increase in demand . Here are some highlights:
*The average cost of a wedding drops another 14% from $19,212 in Q1/2009 to $16,546 in Q2/2009.
*Items that saw the largest decrease in demand; items related to the honeymoon and day-of-coordination, with decreases as much as 54%.
*Items that saw the largest decrease in spending; jewelry, reception and ceremony accessories, with decreases as much as 52%.
*Items that saw the largest increase in spending; transportation rentals and decorations, with increases as much as 68%.
*Items that saw the largest increase in demand; Combined services (ceremony and reception) including music and services related to the reception, with increases as much as 180%.
**Results are based on 909 survey samples of both couples and wedding vendors across the US
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