Latest news with #weddingvenues
Yahoo
11-06-2025
- Business
- Yahoo
UK Wedding Venues Market Research Report 2025: Country House Weddings Leads the £3.9 Billion Market, Followed by Unique Venues and Principal Hotels Topco 1
The rising cost-of-living and falling marriage rates impact the wedding market. Premium services prop up wedding spends. Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "Wedding Venues in the UK - Industry Market Research Report" has been added to offering. Access hundreds of data points and trends: Market estimates from 2015-2030 Critical performance data and rankings Detailed analysis of competitive forces and the external environment Market size and recent performance (2015-2030): Industry revenue has grown at a CAGR of 42.7% over the past five years, reaching an estimated £3.9bn in 2025. Over the five years through 2025-26, revenue is expected to grow at a compound annual rate of 42.7%. This significant growth rate stems from a pandemic, where restrictions curtailed events and guest numbers. Nonetheless, the UK wedding venue market is undergoing significant transformation driven by changing social norms, rising costs, and shifting consumer expectations. Trends and Insights The rising cost-of-living and falling marriage rates impact the wedding market. Ongoing financial strain and changing societal norms have led to shrinking disposable incomes and declining marriage rates, forcing couples to cut budgets or rethink grand wedding celebrations. Premium services prop up wedding spends. The increasing costs of wedding photography and decorations, mainly attributed to technological innovations and flower inflation, offer couples unique, value-added experiences but at steeper prices, adding lavishness to the love. London lures venue providers with wealthy client base. The capital's abundance of high-earning individuals with extravagant disposable incomes ensures a steady demand for lavish and costly wedding locations. UK wedding venues face steep compliance and licensing requirements. Wedding venues must ensure their operations are in line with strict UK food hygiene standards and possess a wedding or civil partnership license. Fewer marriages and civil ceremonies reshape the wedding venue market in the UK Marriage is no longer seen as a necessary milestone for adulthood. Cohabitation has gained social acceptance as a legitimate form of partnership, particularly among younger generations who value flexibility and personal freedom. In 2022, there were 246,897 marriages, a 12.3% increase on 2019 figures because of postponed ceremonies during the pandemic. Nevertheless, the long-term trend remains downward, while more couples are cohabiting - 22.7% of adults in 2022, compared with 19.7% in 2012 and marry later in life as they prioritise education, career development and financial stability, the ONS reports. In 2023, the average age at first marriage was 35.3 for men and 33.7 for women, compared to around 30 for men and 28 for women in the early 1990s. At the same time, weddings are becoming increasingly secular. Civil ceremonies accounted for 83% of marriages in 2022, compared to 50.4% in 1992, while religious ceremonies fell to just 17%. Cost-saving couples push wedding venues to rethink seasonality, positioning and pricing As wedding costs continue to climb, couples are getting savvier about where they spend their money, and the venue is a prime target. With average catering costs reaching £70 per head according to and venue hire prices rising, more couples are looking to save by picking non-peak dates, trimming guest lists, or booking weekday weddings. Biggest companies in the Wedding Venues market in the UK Country House Weddings Holdings Ltd.: £20.2 million revenue in 2026 Unique Venues Ltd.: £13.9 million revenue in 2026 Principal Hotels Topco 1 Ltd.: £10.2 million revenue in 2026 Key Topics CoveredABOUT THIS INDUSTRY Industry Definition Main Activities Similar Industries Additional Resources INDUSTRY AT A GLANCEINDUSTRY PERFORMANCE Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle PRODUCTS & MARKETS Supply Chain Products & Services Major Markets Globalisation & Trade Business Locations COMPETITIVE LANDSCAPE Market Share Concentration Key Success Factors Cost Structure Benchmarks Barriers to Entry MAJOR COMPANIESOPERATING CONDITIONS Capital Intensity KEY STATISTICS Industry Data Annual Change Key Ratios JARGON & GLOSSARYFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
07-06-2025
- Business
- Yahoo
New Jersey among the Most Expensive Places to Get Married in the US, says the Knot.com
Finally said yes to a dress? Well, now it's time to book the location. According to the Knot, New Jersey is among the states with Most Expensive Places to Get Married in the US. The list includes two specific areas of the Garden State. To find these locations, the wedding publication latest study captured responses from over 16,000 US couples married in 2024 on factors such as accessibility & prime location, labor costs, site fees, and cost of goods. According to the report, the most expensive places to get married correlate to the cities with higher average costs of living across the most densely populated areas of the country. This year average wedding cost $33,000. And for the top venues in New Jersey, costs range between $60,000 to $45,000. Two areas from the Garden State on the list include North Jersey and the Jersey Shore. Here are the findings: The average cost of a wedding in Newark was $59,160. One of two New Jersey cities on this list, the cost of a wedding in Northern Jersey is on the higher end — but still significantly less than it's neighbor New York City. Top 3 wedding venues in North Jersey according to the Knot. Nanina's In The Park in Belleville, New Jersey Crystal Plaza in Livingston, New Jersey Westmount Country Club in Woodland Park, New Jersey The average cost of a wedding in Jersey Shore was $44,590, making it the cheapest wedding destination among the country's most expensive cities. Couples will find dozens of gorgeous venues to tie the knot, including yacht clubs, historic mansions or right on the beach itself. Top 3 wedding venues on the Shore according to the Knot. Peter Shields Inn & Restaurant in Cape May, New Jersey The Shore Club in Spring Lake, New Jersey Clarks Landing Yacht Club in Point Pleasant, New Jersey This list is a reflection of the macroeconomic trends that affect major U.S. cities says the Knot. New York City Newark, New Jersey Long Island, New York Chicago San Francisco Boston Westchester, New York Springfield, Massachusetts Los Angeles Jersey Shore, New Jersey This article originally appeared on Asbury Park Press: 2025 expensive wedding spots includes 2 in New Jersey
