Saying ‘I do’ to $125 billion

Sunday, 31 May, 2005 0

Destination weddings have gone up 200% in the past ten years, according to a study called American Weddings.

Overall, bridal spending in the US has increased $5 billion since 2002 and is now a $125 billion business, according to a study called “American Weddings.”

The growing popularity of destination weddings has changed the face of the American wedding, the study said, with spending continuing on the upswing.

The average cost of a wedding has grown 73% to $26,327, according to the study conducted by The Fairchild Bridal Group.

Said Daniel Lagani, vice president and publisher of the Fairchild Bridal Group:

“The bridal industry is now a life stage that encompasses travel, fashion, home furnishings and more.”

Report by David Wilkening



 

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