Thursday, June 8, 2017

The Cost of Attending a Wedding

According to The Knot, the most trusted wedding brand and marketplace used by 8 in 10 couples, unveils wedding guest spend from gift spend to travel, bachelor and bachelorette party costs, and more. Here's what guests are spending per wedding celebration according to The Knot 2016 Wedding Guest Study:
  • $888: Average wedding guest spend per wedding
    • Wedding gift spend: $118
    • Wedding attire: $81
    • Wedding travel: $321
    • Wedding accommodations: $322 
  • $1,154: Average bridesmaid & groomsmen spend per wedding
    • Wedding gift spend: $177
    • Wedding attire: $207
    • Wedding travel: $342
    • Wedding accommodations: $293 
  • Wedding gifting...
    • Nearly half of Americans (47%) report needing help to figure out wedding gift etiquette
    • Once ready to make a gift purchase, wedding registries continue to be the most popular place to select a gift
      • 37% of wedding guests and attendants purchase a wedding gift directly from a registry
      • Cash and check are also popular gift options, with nearly one-third (29%) of guests gifting either cash (21%) or writing a check (8%)
      • One in ten (10%) wedding guests and attendants provide the couple with a gift card and 7% contribute funds to the couple's honeymoon
    • To make gifting easier for guests and allow couples to register for any type of gift imaginable, The Knot Newlywed Fund is now available
      • In addition to providing traditional retail registry options and charity registry choices on The Knot, the Newlywed Fund helps couples build their new life together, whether they want cash for honeymoon excursions, a nest egg to buy a home or funds for date nights to come
      • Couples can now register for anything on The Knot and guests can shop all of a couple’s wedding registries in one place on the site!
    • Millennial guests want a gift that gives back. Wedding guests ages 18-39 are more likely than guests ages 40-64 to donate to a charity the couple has included on their registry, rather than buying a traditional gift
      • The majority of millennial wedding guests (93%) are also more likely to purchase a gift from a couple’s registry if a charity contribution is included free of charge.    

  • Beyond the wedding day...
    • Bachelor parties cost 44% more than bachelorette parties, on average
      • Bachelorette party attendees spend $472
      • Bachelor party attendees spend $738
    • If travel and accommodations are required for the pre-wedding celebrations...
      • Bachelorette parties ring in at an average of $1,106
        • Party spend: $472
        • Gift spend: $125
        • Travel spend: $217
        • Accommodation spend: $292
      • Bachelor parties tip the scale at an average attendee spend of $1,532
        • Party spend: $738
        • Gift spend: $167
        • Travel spend: $356
        • Accommodation spend: $271
This article is compliments of TheKnot.com

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