This week, The Wedding Report released a new 2009 report and dataset detailing trends in the bridesmaid segment of the wedding industry.
Here are some highlights:
• There are an average 4.3 bridesmaids per wedding accounting for an estimated 9.53 million bridesmaids spending $9.61 billion.
• A single bridesmaid will spend $1,009 on dress to travel and the number of bridesmaids per wedding is expected to increase by 10.6% to 10.54 million by 2014, pushing the average bridesmaids per wedding to 4.5.
• The average bridesmaid will spend an estimated 2% more in 2014 than 2009 moving the average spend to $1,029. The 2014 market value is estimated to be $10.85 billion.
• Besides general cost growth, spending is expected to remain relatively flat. The two biggest factors driving growth are 1) increased number of weddings and 2) a growth in the average number of bridesmaids.
• The bridesmaid dataset includes a detailed breakdown of expense categories at the US, State, Metro, City, and Zip Code level.
The full report and dataset are included in the yearly subscription to The Wedding Report.
(Source: Bridaluxe.com Newsletter)
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