Wedding Industry Overview
Offering valuable information on the wedding industry, Business Reference Services, give those considering opening a wedding vendor business a rundown of the many services modern brides are interested in, as well as industry statistics.
Wedding Industry Overview
The wedding industry is a large industry in terms of dollars, but tracking where that money is spent is more difficult for several reasons.
First, it is an industry that is made up of multiple smaller enterprises like caterers, wedding consultants, dresses, various beauty suppliers (hair, makeup), photographers, favors/bridesmaids gifts, music, honeymoon related, etc. While the industry as a whole represents a lot of money, each of the component parts is much smaller — some smaller than others. These smaller composite suppliers can be very local and likely will be small and privately owned — traditionally the types of businesses that do not necessarily report financial information to any agency other than the IRS. Read More…