Spending for weddings in Q2 2018 was pretty much flat with a slight decline of .5% from $25,569 in Q1 2018 to $25,439 for Q2 2018. Couples are spending less on service categories like Entertainment, Photography, and Planning, except for Beauty & Spa. While in the product category Invitations saw the biggest increase in spending. But couples aren’t spending more on Invitations themselves, it’s the other wedding stationary items that seem to have had the best performance last quarter.
Consumers in general are spending more, but for reasons that don’t help support the wedding industry. Despite all the great news about the economies performance, gas prices are up along with other goods and services needed for everyday living. And data from BEA (Bureau of Economic Analysis) shows the personal savings rate dropped 6% and disposable income was down 36% from the previous quarter. In addition, retail sales data from Census Bureau were up only 1.7% over Q1 2018. And the Survey of Consumers from the University of Michigan, points to a decline in both month to month and year over year changes for Consumer Sentiment and Current Economic Conditions. Continued pressure on everyday living could put pressure on spend for weddings in the future, we will continue to monitor the market.
All markets have been updated to reflect their Q2 2018 spending numbers.
Market Totals | 2018 Q1 | 2018 Q2 | Chg % |
Market Summary | $25,569 | $25,439 | -0.5% |
Attire & Accessories | 2018 Q1 | 2018 Q2 | Chg % |
Dress Accessories | $221 | $219 | -0.9% |
Tuxedo/suit/other Accessories | $105 | $105 | 0.0% |
Tuxedo/suit/other Rent/purchase | $211 | $213 | 0.9% |
Wedding Dress/es | $1,210 | $1,204 | -0.5% |
Beauty & Spa | 2018 Q1 | 2018 Q2 | Chg % |
Hair Service | $68 | $69 | 1.5% |
Makeup Service | $54 | $55 | 1.9% |
Manicure & Pedicure | $45 | $45 | 0.0% |
Entertainment | 2018 Q1 | 2018 Q2 | Chg % |
DJ | $741 | $743 | 0.3% |
Entertainment lighting | $325 | $322 | -0.9% |
Live Band | $1,663 | $1,648 | -0.9% |
Musician/s, Soloist, or Ensemble | $603 | $593 | -1.7% |
Flowers & Decorations | 2018 Q1 | 2018 Q2 | Chg % |
Boutonnieres, Corsages | $151 | $153 | 1.3% |
Bouquets | $338 | $336 | -0.6% |
Event Decorations | $445 | $444 | -0.2% |
Event Flowers & Arrangements | $597 | $582 | -2.5% |
Event Table Centerpieces | $328 | $328 | 0.0% |
Gifts & Favors | 2018 Q1 | 2018 Q2 | Chg % |
Gift/s for Attendants | $101 | $99 | -2.0% |
Gift/s for Parents | $121 | $120 | -0.8% |
Tips (for all services) | $386 | $386 | 0.0% |
Wedding Favors | $239 | $240 | 0.4% |
Invitations | 2018 Q1 | 2018 Q2 | Chg % |
Ceremony Programs | $130 | $132 | 1.5% |
Engagement Announcements | $112 | $114 | 1.8% |
Guest Book | $61 | $62 | 1.6% |
Invitations & Reply Cards | $222 | $220 | -0.9% |
Postage | $104 | $103 | -1.0% |
Reception Menus | $125 | $126 | 0.8% |
Save the Date Cards | $112 | $113 | 0.9% |
Table Name and Escort/place Cards | $85 | $86 | 1.2% |
Thank You Cards | $90 | $90 | 0.0% |
Jewelry | 2018 Q1 | 2018 Q2 | Chg % |
Bracelet | $206 | $206 | 0.0% |
Earrings | $185 | $185 | 0.0% |
Engagement Ring | $3,371 | $3,350 | -0.6% |
Necklace | $199 | $200 | 0.5% |
Wedding ring/band for HER | $769 | $760 | -1.2% |
Wedding ring/band for HIM | $450 | $448 | -0.4% |
Photography & Video | 2018 Q1 | 2018 Q2 | Chg % |
Digital or Photo cd/dvd | $280 | $271 | -3.2% |
Engagement Session | $390 | $383 | -1.8% |
Photo Booth | $378 | $377 | -0.3% |
Prints and/or Enlargements | $236 | $235 | -0.4% |
Wedding album/s or photo book/s | $407 | $399 | -2.0% |
Wedding Photographer | $1,590 | $1,576 | -0.9% |
Wedding Videographer | $1,059 | $1,052 | -0.7% |
Planner/Consultant | 2018 Q1 | 2018 Q2 | Chg % |
A La Carte Services | $945 | $946 | 0.1% |
Day of Coordinator | $805 | $804 | -0.1% |
For Getting Started | $853 | $839 | -1.6% |
Full Service | $2,676 | $2,630 | -1.7% |
Month of Direction | $1,045 | $1,025 | -1.9% |
Venue, Catering & Rentals | 2018 Q1 | 2018 Q2 | Chg % |
Ceremony Officiator | $215 | $215 | 0.0% |
Event Accessories | $326 | $324 | -0.6% |
Event Bar Service | $2,365 | $2,366 | 0.0% |
Event Food Service | $4,583 | $4,531 | -1.1% |
Event Location | $3,630 | $3,642 | 0.3% |
Event Rentals | $1,734 | $1,734 | 0.0% |
Hotel Room for After Reception | $315 | $314 | -0.3% |
Limo Rental | $480 | $483 | 0.6% |
Other Transportation | $522 | $527 | 1.0% |
Rehearsal Dinner | $568 | $564 | -0.7% |
Wedding Cake/dessert | $414 | $411 | -0.7% |