2022 RFPs for Weddings are Up 55% from Pandemic Lows – Hospitality Net

The events business suffered catastrophic contraction during the first 2 years of the covid pandemic when state and local governments restricted gathering sizes or mandated shelter-at-home orders. It was no surprise that events contracted by 50% and put the 336,000 wedding-related businesses in cold storage or on life support.

In 2020, the US marriage rate dropped to its lowest level ever at 5.1 per 1000 people. 2021 weddings in the US were the lowest total in decades at 1.27 million vs a normal level of 2.2 million.

But, people still found partners and decided to get married. About half the people delayed their wedding ceremony in 2020 and a lesser number in 2021. In total 63% of couples delayed their wedding plans due to covid. The millennials are still the biggest demographic cohort ever, so once the restrictions on gatherings lifted and vaccines were distributed, the demand was expected to come back.

In 2021 the average cost of a wedding was $27,063. The market size of the…

Read Full Story: https://www.hospitalitynet.org/news/4112523.html

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