New Survey Reveals Consumer Sentiment About
Spending Money on Wedding-Related Travel
NORWALK,
Conn., May 13, 2022 /PRNewswire/ -- As peak
wedding season approaches, Americans are gearing up to celebrate
loved ones with more than half (57%) planning to attend more
weddings or wedding-related events1 this year because
they've missed out on so many during the pandemic. And after two
long years of postponed weddings and celebrations, 79% of consumers
feel that wedding-related events are a great excuse to travel,
according to the Priceline Wedding Travel Report, released
today.
The report, which surveyed 1,000 Americans, reveals top trends
and average costs, as well as breaks down how factors like
inflation are impacting both consumer sentiment and plans for
wedding travel this year.
"We've all missed out on celebrations over the past two years
and it's exciting to have these occasions to look forward to again.
Weddings are an opportunity for friends and families to reunite,
and those moments shouldn't be compromised by high travel costs.
Priceline offers deals and savings tips to help customers be there
for the moments that matter." — Brigit Zimmerman, Chief Commercial
Officer
Top insights from Priceline's Wedding Travel Report
include:
- Save the Date…and Start Saving Up: Americans spend more
than $2,700 on average just to attend
a wedding—roughly equivalent to a full month's salary based on the
median annual wage in the US2. Budgeting for out of town
wedding events is especially stressful for Gen Z (39%).
- Something Borrowed, Something Blue, Wedding Travel is
Costly, Too: Six in ten (59%) respondents say that the high
costs of attending weddings/wedding-related events has limited
their ability to save for a vacation (61%) or a bucket list trip
(59%). This becomes amplified as eight in ten (81%) say inflation
makes finding a travel deal more important than ever.
- Singles are Chasing Deals…Not Dates: Singles would
rather find a good deal on a hotel (66%) or flight (63%) than a
date/plus one.
Say "I Do" To Travel Savings
With rising demand and
costs, Priceline knows it's more important than ever to save.
Having negotiated amazing deals for over 20 years, Priceline saves
travelers more than one billion
dollars every year (that's $2,000 per minute!). So travelers never have to
miss the moments that matter—weddings, bucket list trips, and
everything in between, Priceline reveals the top savings hacks to
save on travel:
- Whether you're bringing a plus one or flying solo, save up
to $625 when you bundle your
hotel and flight bookings using Priceline Packages.
- Become a Priceline VIP for free and access immediate
savings, loyalty perks, and other benefits. Traveling to multiple
weddings this year? You can reach VIP Gold status and unlock up to
50% off hotels after five bookings.
- Pay at your own pace with "Buy Now, Pay
Later" options through Affirm, which offers monthly or
biweekly payments when booking travel on Priceline.
To read more about the Priceline Wedding Travel Report,
outlining additional trends and details on how Americans are
approaching wedding travel, please visit press.priceline.com.
1A wedding-related event refers to a
bachelor/bachelorette party, engagement party, rehearsal dinner,
bridal shower, group honeymoon (buddymoon), honeymoon, etc.
2 Based on the Social Security Administration "National
Average Wage Index" for the 2019 median average US wage receiving
semi-monthly payments.
Priceline's Wedding Travel Report Methodology
Results
are based on an online survey conducted between April 1st and April 10th, 2022 among
1,000 Americans, approximately half of whom were married in last 12
months or plan to marry in next 12 months, and approximately half
of whom have attended or traveled to a wedding or wedding-related
event in the last 12 months or plan to in the next 12 months. The
results are balanced as it relates to age, gender, race/ethnicity,
income, and region in the United
States.
About Priceline
Priceline, part of Booking Holdings
Inc. [NASDAQ: BKNG], is a leader in online travel deals. Priceline
offers exclusive discounts on hotels, flights, alternative
accommodations, rental cars, cruises and packages. We offer more
than a million lodging properties, helping travelers find the right
accommodation at the right price. We negotiate great deals every
day, and put our best pricing on the Priceline app. With free
cancellation for many rates, 24-hour customer assistance and the
option for both pre-paid and pay upon arrival reservations,
Priceline helps millions of travelers be there for the moments that
matter. For us, and for our customers, every trip is a big
deal.
For further information, please contact:
Christina Bennett,
christina.bennett@priceline.com
Amanda Cohen,
priceline@mbooth.com
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SOURCE Priceline