The Billn-Dollar Gay-Weddg Boost

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THE BILLN-DOLLAR GAY-WEDDG BOOSTIN LEGALIZED SAME-SEX MARRIAGE, NEW YORK GAVE S BS OWNERS A MAJOR STIMUL PLAN. LREN STREIB ON THE 10-DIG ENOMIC IMPACT.LREN STREIBUPDATED JUL. 13, 2017 6:48PM EDT / PUBLISHED JUN. 28, 2011 1:00PM EDT ARMANDO FRAN / AP PHOTO THERE’S NEVER BEEN A BETTER TIME TO BE A WEDDG PLANNER NEW YORK. ASI OM THE SOCIAL OR POLIL IMPACT OF THE STATE LEGALIZG GAY MARRIAGE LATE LAST WEEK, THE RISE WEDDGS WILL OFFER AN UNPRECENTED BOOST TO THE BOTTOM LE OF EVERY BS VOLVED THE WEDDG DTRY. MORE WEDDGS MEAN MORE BS FOR HOTELS, RECEPTN VENU, TERERS, AIRL, BAKERI, AND BOUTIQU.“THE SAME NUMBER OF PEOPLE HAVE BEEN GETTG MARRIED EVERY YEAR FOR THE LAST 20 YEARS,” SAYS CARLEY RONEY, -FOUNR AND EDOR CHIEF OF , A WEDDG PLANNG SE. “GAY MARRIAGE IS LERALLY THE ONLY THG THAT HAS THE POTENTIAL TO CHANGE THE SIZE OF THE WEDDG DTRY.”CONSIRG NEW YORK CY’S GRAED TOURISM APPEAL, THE STATE’S MOST POPULATED CY IS CERTA TO BEE A STATN FOR THOANDS OF AMERIN SAME-SEX UPL WANTG TO WED. “OF URSE THERE WILL BE A SH OF CY HALL WEDDGS,” SAYS RONEY, “CREATG A MI GAY VEGAS.” THE CY’S OFFICIAL TOURISM ARM, NYC & CO. IS ALREADY VELOPG A GLOBAL MARKETG MPAIGN TO ENURAGE TOURISTS TO SAY “I DO” THE BIG APPLE.SO HOW MUCH WILL THIS MEAN FOR THE EMPIRE STATE? OFFICIALLY, A REPORT OM THE INPENNT ENOMIC CONFERENCE PROJECTED THAT SAME-SEX UNNS WOULD GENERATE ABOUT $284 LN ADDNAL WEDDG REVENUE AND TOURISM AND PUT ANOTHER $27 LN TAX AND LICENSE FE TO THE STATE’S FFERS OVER THE NEXT THREE YEARS. BRAD SEARS, THE EXECUTIVE DIRECTOR OF THE WILLIAMS INSTUTE AT UCLA LAW SCHOOL, WHICH HAS RELEASED SIAR STUDI FOR 15 OTHER STAT AND D.C., TIMAT A MORE NSERVATIVE $225 LN OF ENOMIC ACTIVY, TAKG TO ACUNT THE STATE’S 9,000 UPL THAT ARE ALREADY MARRIED. BUT THE FIGUR ARE—TENTNALLY—VERY NSERVATIVE, G AN AVERAGE SPEND OF $4,000 PER WEDDG. GIVEN THAT THE AVERAGE WEDDG NEW YORK CY STS ABOUT $70,000, WHILE NATNAL AVERAGE SPEND IS CLOSER TO $30,000, ACRDG TO THE KNOT, THE IMPACT IS LIKELY TO BE FAR, FAR BIGGER. USG THE IDC’S TIMATE OF 66,000 UPL TO MARRY THE NEXT THREE YEARS, THAT MEANS AT LEAST $2 BILLN WILL BE SPENT ON SAME-SEX WEDDGS. ADD THE AMOUNT SPENT ON WEDDG RGS AND ON GIFTS OM GUTS, AND THE TOTAL JECTED E WILL AVERAGE NEARLY $1 BILLN A YEAR FOR THE NEXT FEW YEARS.HOTELS AND EVENT SPAC WILL SEE THE LARGT BON, AS UPL UALLY SPEND ABOUT HALF OF THE WEDDG BUDGET ON THE RECEPTN VENUE. OTHER BS SEEG SOME OF THAT SH CLU PHOTOGRAPHERS AND VIOGRAPHERS, BANDS AND DJS, WHICH EACH GET ABOUT 15 PERCENT OF THE TOTAL WEDDG SPEND, AND FLORISTS, WHICH MAKE UP ABOUT 7 PERCENT. PL, WH AN AVERAGE OF 75 GUTS PER WEDDG SPENDG AROUND $115 ON GIFTS, ANOTHER $500 LN WILL BE SPENT ON GIFTS. AND LET’S NOT FET JEWELERS. THE AVERAGE OUTLAY FOR AN ENGAGEMENT RG 2010 WAS $5,392—IF EVEN HALF OF THE UPL SPEND THAT AMOUNT, THAT’S ANOTHER $200 LN DIAMONDS THE NEXT THREE YEARS. FOR A FULL BREAKDOWN OF WHICH BS WILL BENEF OM THE ADD BUCKS, CLICK HERE.ANOTHER BON TO BROANG THE RIGHT TO WEDD BLISS: JOBS. CENS FIGUR TIMATE THERE ARE 42,618 GAY UPL LIVG NEW YORK. WH BETWEEN 12,000 AND 20,000 -STATE UPL EXPECTED TO MARRY THE NEXT THREE YEARS, PL ANOTHER 40,000 OUT-OF-STATE UPL, THE ADD DOLLARS OM TOURISM ARE ENOUGH TO CREATE AND STA MORE THAN 2,000 ADDNAL JOBS, ACRDG TO THE WILLIAMS INSTUTE.SAME-SEX UPL ARE EXPECTED TO SPEND LS ON WEDDGS IF THEY ALREADY HAD MMENT CEREMONI OR WEDDGS OTHER STAT, OR MAY NOT WANT A LAVISH CEREMONY DUE TO AGE OR TIMG. (IT MAY MEAN MORE TO A UPLE TO TIE THE KNOT ON THE DAY BE LEGAL NEW YORK, THAN TO SECURE A FIVE-TIER KE AND A 200-PERSON GUT LIST). BUT, AS RONEY POTS OUT, SAME-SEX HOEHOLDS TEND TO HAVE MORE DISPOSABLE E AND A HIGHER MEDIAN E. THE MOST RECENT FIGUR AVAILABLE DITE THAT SAME-SEX UPL EARN AN AVERAGE OF $80,610 PARED TO THE $73,655 AVERAGE E OF MARRIED HETEROSEXUAL UPL.OF URSE, JT AS THERE ARE LOTS OF LOL WNERS, THERE ARE MORE LOSERS (OM AN ENOMIC STANDPOT). AS THOANDS OF UPL SCEND ON THE EMPIRE STATE TO SAY THEIR VOWS, THEIR HOME STAT ARE MISSG OUT ON THE LNS THEY SPEND. IT SEEMS EVEN MARRIAGE, THERE’S A FIRST-MOVER ADVANTAGE. LREN STREIB

After lnchg a petn agast the Hallmark Channel for airg clive mercials featurg gay upl kissg and celebratg marriage, anti-LGBTQ group One Milln Moms has, turn, ma those same-sex weddg ads go viral. Over the… * 1 million dollar gay wedding *

Asi om the social or polil impact of the state legalizg gay marriage late last week, the rise weddgs will offer an unprecented boost to the bottom le of every bs volved the weddg dtry. “Gay marriage is lerally the only thg that has the potential to change the size of the weddg dtry. “Of urse there will be a sh of Cy Hall weddgs, ” says Roney, “creatg a mi gay Vegas.

Cens figur timate there are 42, 618 gay upl livg New York.

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* 1 million dollar gay wedding *

After lnchg a petn agast the Hallmark Channel for airg clive mercials featurg gay upl kissg and celebratg marriage, anti-LGBTQ group One Milln Moms has, turn, ma those same-sex weddg ads go viral. "Most brands know to ignore the One Milln Moms — or the 'One Meddlg Anti-Gay Mom, ' as we ll them, " Ferraro told Salon.

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ONE MILLN MOMS HAVE THE PCHFORKS OUT FOR HALLMARK AFTER GAY WEDDG AD AIRS WH (GASP!) KISS

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The Billn-Dollar Gay-Weddg Boost .

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