Life

This Year, Wedding Travelers Will Spend More Money

Wedding planners and couples are expecting a busy year this year, given that the pandemic-induced postponements are all but over.

The 2022 wedding season, however, will occur at a time when inflation hit a 40-year high, with a jump of 8.5 percent in March from a year earlier.

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The cost of wedding-related items is also rising at an explosive pace.

With all of these factors combined, it’s shaping into an expensive knot-tying season.

Emily Forrest Skurnick, director of communications for weddings company Zola, “Right now, consumers feel the impact of inflation across every industry, the weddings industry included.”

According to the Bureau of Labor Statistics, men’s suits, sports coats, and outerwear prices climbed 14.5 percent in March. Dresses for women increased by 10.1 percent.

If you plan on holding or attending a destination wedding this year, you will likely end up shelling out more on flights: airline fares rose 23.6 percent in March compared with one year ago, according to the BLS.

Forrest Skurnick said catering and florists also feel the squeeze because of inflation.

They have all been confronted with higher prices, from food ingredients to flowers to gas.

The Knot, a wedding planning website, published a report in 2021 that noted with 2.6 million weddings planned this year, it is anticipated that wedding service prices will also rise.

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In Zola’s annual “First Look Report,” approximately one-third of couples budgeted at least $20,000 for their wedding, with two-thirds saying they raised their budget.

Forrest Skurnick said, “After longer engagements and guest lists growing, we recommend that couples work closely with their vendor teams to navigate one of the busiest wedding seasons ever.”