It's getting pricier to walk down the aisle.💸 Here's how couples are getting creative to cut wedding costs.
This year, couples are expected to host roughly 2.5 million weddings, a 30% increase from the prior year and a number not seen in four decades, according to The Wedding Report. In the next two years, the number is expected to taper off slightly, the national trade group says, but not by much. Americans are projected to plan 2.24 million weddings next year, and 2.17 million the year after.
Prices on key wedding expenses are projected to be "much higher" this year than in recent years, in large part due to heightened food, labor and transportation costs, said Shane McMurray, founder of The Wedding Report. Plus, vendors that are seeing demand for bookings spike now have the ability to name their price, he said.
The 2022 wedding season is in "full bloom" on the heels of a pandemic-driven downturn, said Samira Araghi, founder and owner of San Francisco bridal boutique WildBride. The most pressing issue that WildBride faces today is getting finished products through the mail, Araghi said, noting that many suppliers have shut down and that several fabrics, dresses and styles have been discontinued. "Supply chain issues are a big deal right now," she said.
As shipping costs keep rising, though, she said it's inevitable that the business will have to make adjustments — potentially before the end of the year.Post-boom downswing?
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