Thursday, May 2, 2024
ADVT 
Wealth & Finance

63% of millennials plan weddings through online platforms

Darpan News Desk IANS, 09 Nov, 2022 12:44 PM
  • 63% of millennials plan weddings through online platforms

Large gatherings, rich food with finest cutleries, week-long exuberant ceremonies, and unrestricted guestlists - this was how Indian weddings used to be defined mostly before Covid. However, a considerable change in priorities of people ready to say 'I Do' took place in a post-pandemic world. Online wedding platform, Weddingz.in has recently revealed emerging trends around the wedding industry in its recent Trend Survey, conducted in October 2022.

The survey demonstrates that the pandemic has given a significant push to 'digitisation' accelerating the growth of online wedding platforms. This has come up as the trend ruling the wedding scenes. There has been a rise in awareness and usage of online wedding platforms. In fact, the survey shows that over 63 percent of millennials prefer planning weddings through online platforms.

The study also reveals the reasons for the inclination toward online wedding platforms. Over 60 per cent of individuals prefer to plan weddings online as it is an affordable choice. Nearly 70 per cent of consumers feel that online wedding mediums are easy to use, and offer better customization and a variety of options. In all, an online wedding platform is a one-stop solution for multiple requirements. In addition, over 78 per cent of respondents prefer online wedding platforms as they provide them with better options in terms of venues. The survey also reveals that the most searched services on online wedding platforms are catering/ F&B, entertainment, and decoration.

Furthermore, the survey highlights that although people are still splurging on their weddings, couples are choosing to be more conscious about the outcome. They are preferring quality over quantity and also trimming the guest lists. This is led by couples now focusing on more customized and personalised experiences.

Across several trending wedding styles, over 43 per cent of Indian couples prefer to have intimate celebrations with only a chosen few present on their special day, followed by big-scale weddings (23.2 per cent ), intimate and luxurious weddings (17.6 per cent ), big-scale weddings with luxurious amenities (13.6 percent ) and others (2.4 per cent ). Interestingly, actress Anushka Sharma and cricketer Virat Kohli's wedding in Italy has topped the charts as the most-wished dream wedding. Furthermore, Goa has come up as the most preferred wedding destination.

Sharing his insights on wedding trends observed in 2022, Aditya Sharma, Business Head, Weddingz.in said, "Post-pandemic there have been considerable changes in terms of how families are approaching weddings. Hence, this survey was undertaken to study the changing dynamics of the wedding industry, along with changing consumer behaviour, wedding arrangements, and other crucial factors. We witnessed emerging trends such as the increasing use of technology by the younger generation to plan their weddings. In addition, we witnessed that the new sub-segment of pax size below 100, which was created during the pandemic, continues to exist and thrive as couples look forward to the personalised experience and customized solutions while their big day."

"We aim to cater to the ever-evolving needs and aspirations of our consumers. With a great level of innovation and new-age offerings to keep up with the evolving times, it is our endeavor to be a trusted partner to our vendors and asset partners," he added.

MORE Wealth & Finance ARTICLES

Don't skip these steps when borrowing parent student loans

Don't skip these steps when borrowing parent student loans
To help prevent student debt from derailing their family, parents should assess their financial situation and talk openly with their children before borrowing student loans.

Don't skip these steps when borrowing parent student loans

Millennial Money: A new set of shopping tips in the pandemic

Millennial Money: A new set of shopping tips in the pandemic
Prior to March, shoppers would go to the mall or grocery store — without masks — and scout out the latest sales. Now, shopping looks much different.

Millennial Money: A new set of shopping tips in the pandemic

Canadians spend more online during pandemic

Canadians spend more online during pandemic
A Statistics Canada survey from 2018 found that 48 per cent of respondents had received a fraudulent message, including phishing attempts, over the previous year.

Canadians spend more online during pandemic

Millennial Money: Create financial stability in shaky times

Millennial Money: Create financial stability in shaky times
Financial stability is both a state of money and a state of mind, says Ed Coambs, a certified financial planner and certified financial therapist near Charlotte, North Carolina.

Millennial Money: Create financial stability in shaky times

Cold weather means new challenges for struggling restaurants

Cold weather means new challenges for struggling restaurants
It's a dose of reality for an industry that was able to stem at least some of its losses by pivoting to outdoor dining this summer, setting up tables and chairs on sidewalks and parking lots and offering some semblance of normalcy.

Cold weather means new challenges for struggling restaurants

Millennial Money: Try touchless payment to avoid dirty money

Millennial Money: Try touchless payment to avoid dirty money
Now, COVID-19 has prompted the Centers for Disease Control and Prevention to advise using touchless payments whenever possible in the brick-and-mortar world.

Millennial Money: Try touchless payment to avoid dirty money