Weddings in 2021, 2022 and Beyond
As the world starts to slowly re-open and our lives re-adjust, the event & wedding industry will look a lot different post covid-19.
In this blog we will share with you the most interesting facts about the wedding industry post covid era.
After a year of absolute chaos, the vaccine rollout and scaled back restrictions, we start to see the light at the end of the tunnel. Wedding industry experts tell us they’re seeing a resurgence that points to a post-pandemic wedding boom.
After a steep drop in 2020, the number of marriages in the U.S. is set to explode this year. Experts at The Wedding Report, an industry research firm, say the number of U.S. weddings in 2021 is expected to hit 2.77 million – more than twice what we saw last year and a 30% increase over 2019.
As a result of this, caterers and venues are booked well into 2022 and 2023. Engagement rings are flying off the shelves!
CEO of wedding-planning website company The Knot Worldwide, Timothy Chi told CNBC that weddings are on the comeback after the pandemic forced widespread nuptial delays. Timothy Chi said he expects a 20% to 25% increase in weddings this year and in 2022.
“In the U.S., there’s about 2 million weddings that happen on average annually. We saw about 50% of those happen, so that just means there’s another million weddings then that got pushed forward, and we’re really starting to see that come to fruition here,” said Timothy Chi.
It’s still too early to definitively say what weddings will cost this year, says The Knot, but the average reception will likely cost around $22,500, which is more than $3,000 higher than in 2020 and roughly equal to 2019. Meanwhile, the number of new registries created on The Knot in Q1 2021 doubled compared to Q4 2020, late summer and fall look to be the boom time for weddings according to the website.
And the best way of coming out of a global pandemic is with a big wedding celebration! These unique times where we have all been lockdown have reminded us of the importance of large gatherings, connections, quality time with our friends and family and the beauty of community!
Let the celebrations begin!
