You asked and we listened! I'm happy to share that the first ever Ultra Luxury Wedding Market Report is now available from Splendid Insights! This report takes a look at the high-end of the luxury wedding market, specifically budgets of $500,000 or more, not including the honeymoon.
While this segment is small compared to the rest of the wedding market, it is still lucrative and this report is designed for professionals working with these ultra high-end clients, but who have never had access to wedding-specific insights and statistics focused on this niche. Here are a few takeaways from the Ultra Luxury Wedding Market Report:
- 1 in 5 couples within this segment spend over a million dollars on their wedding, with 8% spending over $3 million.
- Nearly half of the couples pay for part or all of the wedding themselves, and this segment tends to skew a little older (fewer millennials than the others, though they are still the majority wedding client in this group).
- They are the most educated of the all the budget segments and the heaviest bridal media users – brides and grooms having ultra luxury weddings do their homework and are not careless with how they spend their money.
You can download the 2017 Ultra Luxury Wedding Market Report here. You can also view the other 2017 Wedding Market Reports here, including the Global Wedding Market Report, the Australian Wedding Market Report, the UK Wedding Market Report, the US Wedding Market Report, and four additional wedding budget segments (Economical, Standard, Premium, and Luxury).
Photo by Nancy Ray