The bridal industry is seeing a decline in the number of weddings due to the declining birthrate and trends toward later marriages. However, the styles of wedding ceremonies and receptions are diversifying.
We were seeing a shift away from traditional large-scale wedding receptions, toward smaller weddings inviting only family and close friends, destination weddings held overseas or at resort locations, and hybrid weddings incorporating online streaming.
Photo weddings, which focus on photography and videography, are also popular. In the wake of the COVID-19 pandemic, there is a growing trend toward safety and flexibility in schedule changes, driving demand for responsive venue selection and services. Demand is also growing for environmentally conscious weddings, such as those that utilize sustainable materials and locally sourced ingredients, and reuse decorations.
Consumers are prioritizing individuality and experience value over price, and we were living in an era where social media-friendly and story-telling weddings are important.