tripsavvy.com has released new data which shows that a total of US $72 billion is spent on weddings annually in the U.S which is the Caribbean’s main source of visitors.
The site says 340,000 destination weddings take place each year, with destination weddings accounting for $16 billion in annual spending.
On average, it indicated, weddings represent a US $50 billion annual industry for the country, based on 2019 data.
The site says US $35,329 is the average amount spent on a traditional American wedding.
” US$19 billion is spent buying presents at wedding gift registries.”
2020 is a leap year – which means couples, families and loved ones have one additional day in the calendar year to make lifetime memories.
The date only occurs every four years.
The resort group is introducing a Sandals & Beaches Leap “4” Love Wedding Package – only available to guests who plan to wed at select Sandals and Beaches® Resorts on February 29, 2020.
It incorporates four unique elements of nature to elevate the wedding experience to new heights: Earth, Air, Fire and Water.
Packages are priced at US $1,250, guests who book the Sandals & Beaches Leap “4” Love Wedding Package now through January 31, 2020 and have confirmed a wedding date on February 29, 2020.
Tripsavvy said that in 19 percent of cases, it’s the brides’ parents who pay for a wedding. Nearly one-third—32 per cent of brides and grooms—pay for it themselves. Fifteen percent of couples share the cost with both sets of parents contributing.
The site states that more than 91 percent of couples register for wedding gifts; and that US$19 billion is spent buying presents at wedding gift registries.
The wider economy also benefits from the wedding market. Tripsavvy indicates that during the engagement period, couples buy US $4 billion in furniture; US $3 billion in house wares and US $400 million in tableware.