How much does a wedding banquet cost?

How much does a wedding banquet cost? Analysis of National Wedding Banquet Price Trends in 2023

Getting married is a major event in life, and the wedding banquet is one of the most important parts of it. As prices rise and consumption upgrades, the prices of wedding banquets and banquets have also risen. So, how much does a wedding banquet table cost in 2023? We have compiled the hot topics and hot content on the Internet in the past 10 days to bring you the latest wedding banquet price trend analysis.

1. Comparison of wedding banquet prices in major cities across the country in 2023

2. Main factors affecting the price of wedding banquets

1.Hotel star rating: Wedding banquet prices in five-star hotels are usually 30%-50% higher than those in four-star hotels, while specialty restaurants and ordinary restaurants are relatively cheaper.

2.geographical location: The price of wedding banquets in first-tier cities is significantly higher than that in second- and third-tier cities, and the central areas of cities are also 20%-30% higher than those in suburbs.

3.Dishes grade: The proportion of seafood, the use of imported ingredients, and expensive ingredients will significantly increase the price of the wedding banquet. Taking Beijing as an example, the price of a banquet with high-end seafood such as lobster and abalone can increase by 30%-50%.

4.Wedding banquet time: Weekends and holidays are the peak periods for wedding banquets, and prices are usually 10%-20% higher than on weekdays. During this year’s National Day, hotel wedding banquet prices in many places hit record highs.

5.Additional services: Including venue layout, lighting and sound, wedding services, etc. These additional services can often account for 20%-30% of the total cost.

3. New trends in wedding banquet consumption in 2023

1.The trend of miniaturization is obvious: Affected by the economic environment, more and more couples choose to reduce the size of their wedding banquets. Data shows that the average number of tables per wedding banquet this year is 15% less than last year.

2.Personalized customization is popular: Couples have increasingly higher requirements for personalized wedding banquets, and special themed wedding banquets and Chinese and Western menus have become new favorites.

3.The proportion of luncheons increased: In order to save money, the proportion of couples choosing to hold wedding banquets at noon has increased from 25% last year to 35% this year.

4.Penetration of environmental protection concepts: Green wedding banquet concepts such as reducing food waste and using environmentally friendly tableware are recognized by more and more couples.

4. Tips for saving money on wedding banquets

1. Avoid the traditional wedding peak seasons such as May and October, and choose to hold the wedding in the off-season to save 15%-20% of the cost.

2. Negotiate with the hotel to bring your own drinks, which can usually save 10%-15% of the drink expenses.

3. Consider a lunch banquet, as the price is about 20% cheaper than in the evening.

4. Streamline the guest list and control the number of tables. Every time one table is reduced, the savings range from 3,000 to 10,000 yuan.

5. Compare quotes from multiple hotels and use competition to get discounts.

5. Forecast of future wedding banquet prices

Industry insiders predict that wedding banquet prices will continue to maintain a moderate upward trend of 5%-8% in 2024. On the one hand, rising food and labor costs have pushed prices upward; on the other hand, changes in consumer attitudes and intensified market competition have restrained excessive price increases to a certain extent. It is recommended that couples who plan to get married book their wedding banquet 6-12 months in advance to lock in relatively favorable prices.

Getting married is a major event in life, but happiness does not have to be measured by the high price of a wedding banquet. Proper planning and doing things according to your ability can make your wedding both decent and economical. I hope the data and analysis in this article can help couples planning their weddings make more informed choices.