Wedding Venues in the UK - Industry Market Research Report

Cold feet: In 2023-24, wedding venue revenue is forecast to drop due to the cost-of-living crisis

The Wedding Venue industry has had a tumultuous time up until 2023-24. In 2020-21, COVID-19 forced couples to postpone their weddings, causing a momentary plummet in venue income in 2020-21. However, most of these postponed weddings were rescheduled for 2021-22, when restrictions eased, causing a boom in income in 2021-22. Overall, wedding venue revenue is projected to grow at a compound annual rate of 1.7% over the five years through 2023-24, to reach £3.3 billion.

The Wedding Venues industry includes companies that offer their venues to be hired for a short period for the use of couples getting married, and the relevant catering, catering equipment hire, entertainment and decoration services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.