Monday, July 12, 2010

Average Cost of Wedding is on the Rise


In the first half of 2010 the average cost of a wedding increased 21.9% from $19,581 (2009) to $23,867. 45 product and services saw gains in spending while 26 saw declines. Planner/Consultant A La Carte Services (up 84.2% at $1,171), Gift/s for the Bride (up 53.1% at $253), and Planner/Consultant For Getting Started (up 50.4% at $920) saw the biggest gain in spending. Other Jewelry (down 61.7% at $304), Reception Accessories (down 55.3% at $200), and Ceremony Accessories (down 49.7% at $207) saw the biggest decline in spending.

The biggest difference was the increase in demand for products and services. 53 products and services saw gains in demand, 4 saw no change, while 13 saw declines. Other Travel/Transportation (up 178.6%), Musician/s, Soloist, or Ensemble (up 66.7%), and Other Jewelry (up 65.2%) saw the biggest gain in demand. Facial (down 15.2%), Manicure & Pedicure (down 8.4%), and Teeth Whitening (down 8.1%) saw the biggest decline in demand.

Full details and downloads are located here: http://goo.gl/bX33

Information courtesy of The Wedding Report.