The wedding industry reached an all-time low last year after many were forced to cancel the big day due to COVID-19 restrictions, however, one report shows a large boom will occur in 2022.
According to Hellosafe.ca, the wedding Industry lost $158 million in 2020.
With an estimated turnover of about $702.9 million in BC in 2019, the wedding industry revenues fell 22.55% in one year due to the arrival of COVID-19 last March.
The decline turned dramatic last April, where the number of marriages passed from 1,453 in 2019 to 730 in 2020 (-49.8 %).
While this year, in Victoria, weddings have decreased about 53% from last year, with 61 weddings celebrated compared to the 131 around the same time last year, the industry is holding out hope that vaccinations will increase the number of weddings going into summer.
In the meantime, it is unlikely the industry’s annual revenue will get back to the pre-Covid numbers, despite vaccinations rolling out ahead of schedule.
But the promise of a robust 2022 could be inspiring for those working in the wedding industry right now.
Considering that a great majority of celebrations postponed in 2020 and 2021 will take place in 2022, next year is likely to be a record year for the wedding industry in British Columbia.
The wedding industry revenues in BC could therefore reach unprecedented levels with annual revenue that could go beyond $900 million.
