It could be bad news for hoteliers as a new survey has revealed the average cost of a wedding has fallen over recent years.
The Wedding Report 2015-2016, which questioned over 2,000 brides and grooms-to-be, highlighted that there has been a noticeable decrease in average spend for the big day, with more than 80% of couples now budgeting up to a maximum of £15,000.
Two years ago, the average cost of a wedding was £20,000.
The Report also showed that while 22% of couples surveyed said they budgeted between £10,000 and £15,000, close behind was 19% of couples who said they budgeted £7,500-£10,000.
A total of 14% budgeted £5,000-£7,500, while only 1% of thrifty couples said they budgeted up to £1,000.
The wedding market continues to be a huge driver of business for hotels, and while this doesn’t look like slowing anytime soon, with consumers looking for cut backs, the revenue generated from this sector could take a hit.
DIY weddings have increasingly gained in popularity over the last five years, with a rise in hand-made invites, favours and décor.
Couples are also choosing to marry later in the day, in a bid to only fit the bill for one meal for their guests, rather than the customary two.
While the average spend may be down, some hoteliers have been noticing a rise in smaller weddings, with the number of guests down, but the spend actually accumulating to the same amount of that of a bigger event.
Speaking at a Pride of Britain event last night, Carolyn O’Sullivan, head of sales at Stapleford Park said: “We’ve found that people are choosing to invite a smaller number of guests to the big day – so only those closest to them – but still spend the same as they would on a larger wedding. It’s very interesting. We do a good amount of exclusive use weddings too and it’s a really strong market for us.”