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Weddings are bouncing back, and spending is increasing
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Weddings rebound as pandemic-delayed celebrations gear up
Honky Tonk Party Express owner Grant Rosenblatt discusses Nashville businesses seeing growth as COVID fears recede. FOX Business’ Madison Alworth with more on the city’s influx of wedding-related parties.
The wedding industry is seeing a rebound as couples begin to open up to pre-pandemic party trends.
As guest lists slowly get bigger and entertainment becomes more of a must-have among other luxury items, spending has increased for engaged and married couples who plan to have ceremonies and receptions in the last quarter of 2021 or 2022.
"Across the board, we are definitely seeing larger budgets for weddings now than we were over the last 18 months. Guest lists increase the cost of everything from food and beverage to rentals, decor and flowers, Rena Sweeney, the creative director at NOW Weddings Magazine, told FOX Business. "This also means larger venues are needed. Plus, vendors are in high demand due to the buildup of two years’ worth of weddings all trying to happen now."
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She went on to add that not all couples will be able to secure their preferred venues or vendors, which could lead to higher price points than they originally budgeted for. However, Sweeney noted that many couples have had more time to save money during event postponements.