15 Stats That Show Why Event Planning Is In Demand
Event planning as a profession is rapidly growing. Think about it, hundreds of thousands of couples are getting married every year and many want to have full-blown weddings to celebrate their new beginning. So long as there are weddings, there will be a need for event planners!
On top of the $50 billion+/year wedding industry – in the US alone – planners are essential to corporations and businesses. Launch events, milestone parties, and live conferences are only a few of the most common events you’ll be planning as a professional in the field. The greatest thing about event planning is that there are so many different specializations you can focus on, so you’ll never feel stuck.
If you’re still not sure if event planning is the right fit for you, here are 15 event planning statistcs that will show you why jobs in this industry are in demand – and always growing!
1. 1.83 million events and meetings are organized every year in the US, producing around $66.8 billion in labor income
2. 1.78 million Americans hold direct event management and industry planning jobs
3. The event planning professional has a growth rate of 10% from 2016-2026, higher than the average rate of all occupations tracked
4. In 2016, the median pay of event professionals is $47,350/year or $22.76 / hour. The mean annual wage is $52,020 or $25.01/hour
5. The top 10% of event planning professionals earned more than $83,000 in one year!
6. Top paying jurisdictions for the profession are the District of Columbia, New York, and Connecticut. In D.C, planners have an annual mean wage of $69, 910
7. The industry’s direct GDP contributions of $115 billion are greater than the motion picture/recording industry’s GDP contribution of $113 billion
8. The average cost of a wedding in the United States is $26,720
9. The national average spend on wedding and event planners was $2,037 per wedding
10. In 2015, 26% of couples hired a professional wedding planner to plan their wedding
11. In Canada, 83% of conference and event planners work full-time all year round
12. In Canada, women represented 73% of the event planning workforce compared to 48% in all tracked occupations
13. 1 of every 5 weddings is a destination wedding, with half of all destination weddings planned partially or entirely by wedding planners
14. In the LQBTQ+ community, 53% of men and 49% of women choose a destination wedding