323x Filetype PPTX File size 1.36 MB Source: www.mediagrouponlineinc.com
Disruption of an
Important Life Event
According to The Wedding Report’s March and June 2020
surveys of couples planning weddings, 21% are or have
postponed their weddings until late 2020, 41.5% have
rescheduled their weddings to 2021 and 7% have
cancelled their weddings.
All this disruption and major changes resulted in The
Wedding Report forecasting a 47.9% decrease of the total
number of 2020 weddings, or 1.11 million, compared to
2.13 million during 2019; however, the projected total for
2021 is 2.77 million weddings.
Although The Wedding Report surveys found 30.5% of
couples were trying to maintain their 2020 wedding date,
the persistence of the pandemic may be a challenge,
especially as some media reports of even small weddings
have led to the spread of COVID-19 and infections.
Adjusting and Adapting
Because 46% of couples responding to the two The
Wedding Report surveys said they planned to reduce their
wedding budgets by an average of 31%, wedding vendors
will suffer – and 58% told The Wedding Report they
expected to lose more 2020 weddings.
Even the 30.5% of couples trying to maintain their 2020
wedding date may find it necessary to opt for a mini-
wedding (limit of 50 guests, which is still problematic), a
micro-wedding (20 or fewer guests) or a “minimony” (an
elopement, limited guests, ceremony only).
Many couples have had to reschedule their 2020
weddings to another 2020 date, but many of the traditional
days (Saturday) will be booked. Another option many
couples are choosing is a weekday wedding, especially
during the evening, so guest will be able to attend.
Pivoting to a Digital/Virtual Event
Although most wedding couples are young and, therefore,
very digitally savvy, it’s difficult to move the entire process
online. For example, anecdotal reports from bridal dress
shops indicate brides are hesitant to buy a dress online, but
they can certainly shop.
David’s Bridal reported during mid-summer 2020 a 25% YOY
increase in Website traffic and the rapid addition of various
online resources, such as a vision board, an interactive
wedding checklist and a customizable Website.
With traveling and staying at hotels/resorts problematic, many
couples have and will have to schedule a virtual engagement
party and/or an outdoor bridal shower and wedding
ceremony/reception.
Wedding Businesses
Refocus on Service
Wedding vendors/services reported in the May 2020
WeddingPro survey 15% of their weddings had been
cancelled, 59% had been rescheduled and 25% were
unchanged.
These vendors/services are proving they understand
the challenges couples are facing, which is why the
survey also found 68% of the businesses were holding
paid deposits until the date of rescheduled weddings,
although 10% required an additional fee or deposit.
Unsurprisingly, vendors/services are maintaining
contact with prospects, and 85% said they had during
the past month (April 2020). Wedding planners were
first (46%) among the vendor categories to have had a
video chat with a prospect, with officiants second at
36%.
Limiting
Bachelor/Bachelorette Parties
Much like a wedding ceremony/reception,
bachelor/bachelorette parties must also adjust; however,
73% of couples with weddings scheduled during May–
September 2020 and responding to a WeddingWire
survey said they still expect some kind of prenuptial
parties.
Of the survey participants, 27% were canceling their
bachelor/bachelorette parties, 24% were maintaining the
schedule and 2% planning a virtual event. To ensure
guests’ safety, 44% were adjusting party activities, 33%
the number of guests and 32% location.
Most couples weren’t changing all of their 2020
bachelor/bachelorette party plans compared to 2019, as
93% still planned to celebrate in the US (92% 2019), a 1–
3 day party (86%, same as 2019) and airplane travel (26%
vs. 20% 2019).
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