Monday, February 23, 2009

Analysis of Wedding Spending Changes from 2007 to 2008

Source: The Wedding Report, Inc.


Areas of spending decline from 2007 to 2008

Wedding dress fell by 31%
Rehearsal dinner fell by 34%
Spending for a DJ fell by 6%
Bridesmaid bouquets fell by 36%
Gifts for attendants fell by 38%
Wedding invitations fell by 34%
Engagement ring fell by 30%
Photographer fell by 26%
Videographer fell by 24%
Wedding cake fell by 33%
Wedding favors fell by 9%
Reception food service fell by 53%
Limo rental fell by 24%

Some reasons for the decline in spending of these items are; Current economic state is the primary reason for decline. Food type services declined due to a decrease in the number of guests attending from 166 to 145. Lower prices offered by various vendor types also contributing.

Areas of spending increase from 2007 to 2008
Tuxedo/suit increased by 47%
Ceremony location increased by 108%
Bride bouquet increased by 1%
Brides wedding band increased by 21%
Grooms wedding band increased by 38%
Reception bar service increased by 12%
Reception location increased by 15%
Reception rentals increased by 84%

Some reasons for the increase in spending of these items are; Desire of unique locations for ceremony and reception. Same place for ceremony and reception locations caused increase in location cost and rentals. Cut back on engagement ring allowed couples to spend more on the bands. Also, increase in demand for wedding bands vs. engagement rings.

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