Luxury Coach & Transportation

April 2019

Magazine for the professional limousine, charter and tour industry.

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8 LUXURY COACH & TRANSPORTATION APRIL 2019 WWW.LCTMAG.COM Stats, facts, faces, and products from the chauffeured luxury and motorcoach transportation industries. LuxuryTransportation Scene 4.19 BY THE NUMBERS FOR MORE NEWS GO TO LCTMAG.COM AND FIND LATE BREAKING E-NEWS AND BLOGS ABOUT THE INDUSTRY. The U.S. wedding market is shifting with the Millennial generation as the average marriage ages rise and the number of weddings decline. Every year an average of 2.4 million weddings are performed in the U.S. 25% of marriages are destination weddings. Total spent on weddings annually in the U.S. Average budget for a destination wedding The average age for marriage has risen to 27 for women and 29 for men — a six-year increase from 1963 when the average ages were 21 and 23, respectively. Only two out of five Millennials were married in 2015, whereas two in three adults were married in 1980. $72 BILLION $28,000 Each weekend an average of 44,230 weddings takes place. $35,329 is the average amount spent on a traditional American wedding. Guests at a destination wedding spend an average of $673 to attend. The most popular months for weddings are September and October. The average number of wedding guests is 136 . Per-guest cost is $268 . The average amount each guest spends to attend a wedding is $703 . The average amount spent on a wedding gift is in the $70-$100 range. Weddings represent a $50 billion annual industry. 340,000 destination weddings take place each year. The leading destinations for out-of-town weddings are: (Figures in parentheses show number of weddings performed annually). LAS VEGAS (80,000) HAWAII (20,000) U.S. VIRGIN ISLANDS (5,100) JAMAICA (5,000) BAHAMAS (4,000) Mexico, California, and Florida are also important locations for destination weddings. Source: Trip Savvy 60% of destination weddings are domestic and 40% are international. The destination wedding market creates $16 billion in annual spending. The average number of guests at a destination wedding: 48. Destination Weddings

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