Key Takeaways
- In 2023, New York weddings contributed over $2.5 billion to the local economy through direct spending on venues, vendors, and services
- The New York wedding industry supported approximately 15,000 jobs in 2022, including event planners, florists, and photographers
- NYC wedding-related tourism generated $1.2 billion in visitor spending in 2023, with 75% from out-of-state couples
- Average NYC wedding cost in 2023 was $38,456, 28% above national average of $29,000
- Manhattan couples spent average $52,000 on weddings in 2022, highest in US
- Average venue rental in NYC hotels for weddings was $25,000 in 2023
- There are over 1,200 licensed wedding venues in NYC, with 40% in Manhattan
- Top 10 NYC hotels host 60% of luxury weddings annually
- Brooklyn loft venues increased by 25% since 2020, totaling 150 spaces
- There are 2,500 active wedding planners in NYC metro area in 2023
- NYC has 1,800 certified wedding photographers, 40% specializing in destination weddings
- Over 900 florists serve the NY wedding market, sourcing 70% local flowers
- 55% of NY couples opt for micro-weddings under 50 guests in 2023, down from 70% in 2021
- 68% of NYC brides choose sustainable vendors in 2023 surveys
- Average NY wedding guest count dropped to 115 in 2023 from 135 pre-pandemic
New York's thriving wedding industry fuels billions in economic growth yearly.
Market Size
- In 2023, New York weddings contributed over $2.5 billion to the local economy through direct spending on venues, vendors, and services
- The New York wedding industry supported approximately 15,000 jobs in 2022, including event planners, florists, and photographers
- NYC wedding-related tourism generated $1.2 billion in visitor spending in 2023, with 75% from out-of-state couples
- Average annual revenue for NYC wedding venues reached $10.5 million per major hotel in 2023
- The wedding industry in New York State grew by 8.7% in 2022, outpacing national average of 5.2%
- Brooklyn weddings alone generated $450 million in economic activity in 2023
- 2023 saw 45,000 weddings in NYC, up 15% from 2022 post-pandemic recovery
- Wedding spending in Manhattan totaled $1.8 billion in 2022
- NY wedding planners' industry revenue hit $350 million in 2023
- The sector employed 12,500 full-time workers in catering and events in NYC 2023
- Tax revenue from NYC weddings exceeded $180 million in 2023
- Long Island wedding venues contributed $600 million to Suffolk/Nassau economies in 2022
- 2023 NYC wedding flower market valued at $120 million
- Hudson Valley weddings drove $300 million in regional spending 2023
- Wedding photography in NY generated $250 million revenue in 2023
Market Size Interpretation
Trends and Demographics
- 55% of NY couples opt for micro-weddings under 50 guests in 2023, down from 70% in 2021
- 68% of NYC brides choose sustainable vendors in 2023 surveys
- Average NY wedding guest count dropped to 115 in 2023 from 135 pre-pandemic
- 42% of 2023 NY weddings were multicultural, up 15% since 2019
- Elopements in NYC rose 30% to 5,000 in 2023
- 75% of millennials in NY prioritize personalized experiences over traditions
- Live streaming used in 35% of NY weddings in 2023 for remote guests
- Vegan/plant-based menus chosen by 28% of NYC couples in 2023
- 62% of Gen Z NY couples book vendors via Instagram in 2023
- Destination weddings from NY to Europe up 20% in 2023
- 48% incorporate tech like photo booths/apps in NY weddings 2023
- Average age of NY brides is 32.5 years in 2023, grooms 34.2
- 25% of NYC weddings second marriages
- LGBTQ+ weddings make up 12% of NYC total in 2023
- 70% of NY couples delay honeymoons to 6 months post-wedding in 2023
- Bold color palettes replaced neutrals in 55% of 2023 NY weddings
Trends and Demographics Interpretation
Vendors and Services
- There are 2,500 active wedding planners in NYC metro area in 2023
- NYC has 1,800 certified wedding photographers, 40% specializing in destination weddings
- Over 900 florists serve the NY wedding market, sourcing 70% local flowers
- 1,200 DJs and bands listed for NY weddings, with 60% unionized
- 650 bridal gown salons in Manhattan alone
- 400 catering companies specialize in kosher weddings in NYC
- 850 makeup artists licensed for weddings in NY, averaging 50 events/year
- 300 luxury transportation providers for NY weddings
- 1,100 cake designers in NYC metro, 25% gluten-free specialists
- 750 lighting/production companies for events in NY
- 500 officiants registered for NYC weddings, 30% multilingual
- 950 videographers active in NY wedding scene 2023
- 400 stationery designers for bespoke NY invites
- 600 rental companies for tents/tables in NY area
Vendors and Services Interpretation
Venues and Locations
- There are over 1,200 licensed wedding venues in NYC, with 40% in Manhattan
- Top 10 NYC hotels host 60% of luxury weddings annually
- Brooklyn loft venues increased by 25% since 2020, totaling 150 spaces
- Central Park permits 2,500 weddings yearly, free for small ceremonies
- Hudson Yards venues booked 85% capacity in 2023 peak season
- 350 outdoor garden venues in Long Island serve 10,000 weddings yearly
- Rooftop venues in NYC number 200, popular for 30% of urban weddings
- Historic venues like The Plaza host 400 events yearly
- Warehouse venues in Bushwick booked 95% in 2023
- 75% of NYC venues require minimum spend of $20,000
- Wave Hill in Bronx hosts 300 weddings annually
- Ballrooms in Midtown Manhattan total 120, averaging 200 guest capacity
- Vineyard venues in North Fork NY host 1,200 weddings yearly
- Museum venues like MoMA PS1 booked for 150 events in 2023
- Average capacity of NYC wedding venues is 150 guests
- 500+ farm-to-table venues in upstate NY near NYC
Venues and Locations Interpretation
Wedding Costs
- Average NYC wedding cost in 2023 was $38,456, 28% above national average of $29,000
- Manhattan couples spent average $52,000 on weddings in 2022, highest in US
- Average venue rental in NYC hotels for weddings was $25,000 in 2023
- Brooklyn wedding budgets averaged $32,500 in 2023, up 10% YoY
- Catering costs for NY weddings averaged $150 per guest in 2023 for 120 guests, totaling $18,000
- Average photography package in NYC cost $4,500 in 2023
- Florist expenses for NYC weddings hit $3,200 average in 2023
- DJ/entertainment budgets in NY averaged $2,800 per wedding in 2023
- Wedding dress costs in NYC boutiques averaged $2,900 in 2023
- Transportation costs for NYC weddings averaged $1,200 in 2023
- Planner fees in Manhattan averaged 12% of budget, or $6,000, in 2023
- Invitations and stationery cost NY couples $650 average in 2023
- Hair/makeup services averaged $800 per bride in NYC 2023
- Cake costs for NYC weddings averaged $650 for 120 guests in 2023
- Lighting and decor rentals cost $3,500 average in NY 2023
Wedding Costs Interpretation
Sources & References
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