Many people are expected to tie the knot this year after COVID-19 delayed their nuptials. That means pricier weddings.
Wedding industry pros are preparing for a banner year: An anticipated 2.5 million weddings — the most since 1984 — are expected to take place in the U.S. in 2022, according to market research firm The Wedding Report.
Rising expenses for getting hitched will drive up the average cost of a wedding this year to around $27,000, up from roughly $24,000 pre-COVID-19, according to McMurray. is also taking a toll. Suppliers of wedding day essentials say they're having to charge more just to break even because of their rising costs. In some cases, where engaged couples have already locked in 2020 or 2021 rates for weddings that were delayed until this year, venues will lose money.
In an effort to generate more revenue, the venue is incentivizing couples to get married on weekdays, where dates are readily available and which cost less than weekend weddings. New York City florist Julia Testa is busier than ever, which she attributes to the surge in weddings — a result of pandemic-delayed ceremonies plus bookings from newly engaged couples. But she has also had to raise prices, as she faces sharp increases in what she "I have never seen the cost of flowers so high in my whole life," Testa, who has been buying flowers for a decade, told CBS MoneyWatch.
"I'm extremely aggressive with labor. If I need six designers, I'll staff 10 because I know some of them won't show up because they tested positive for COVID," Testa said.
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