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April 21, 2011

The wedding industrial complex revives

An economic indicator, I suppose. From the National Association of Catering Executives: "More Weddings, Bigger Budgets."

In the 2011 survey, almost half – 45 percent – reported increases in wedding budgets. This compares favorably to one year ago, when only 30 percent reported seeing an increase in expenditures per event. And it reflects a growing, upwards trend. In 2009, nearly 90 percent reported seeing a decline in overall wedding spending due to the economy. "We continue to see positive growth in the area of wedding spending," said Bonnie Fedchock, executive director of the National Association of Catering Executives. "Many had wondered whether weddings were recession-proof and in fact, they were not. We definitely saw a drop in spending when the recession began, but for two years now we are seeing a strong rebound.
Posted by Jay Hancock at 2:47 AM | | Comments (0)
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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