In June 2021 we did a follow up survey for COVID-19 to determine how the market is moving. For this round, we had 2,229 consumers and 283 businesses respond. Most of the business responses came from those in the Photography, Planning, Venue, Entertainment, Attire, Florist, and Officiant segments.
In the end, we are going to stay with our current forecast for 2021 and beyond.
Current forecast is:
2021 – 1.93 million weddings with an average spend of $22.5k
2022 – 2.47 million weddings with an average spend of $24.3k
2023 – 2.24 million weddings with an average spend of $24.9k
After 2023, things should start to normalize, and we will get back to pre-pandemic number of weddings and spending.
Results from the survey suggest: