Rising wedding costs in Southeast Asia
In Southeast Asia, traditional weddings have become national identities, with cultural dresses worn for ceremonies. Although every country has its rituals – from the silk woven brocade or ‘songket’ worn by Malaysian bridal couples to the threads tied around the wrists of Laotian brides and grooms – wedding ceremonies are an important way for Southeast Asians to share their values and cultural heritage with the world.
But the internet’s abundant images of wedding inspirations have changed the way couples in the region plan for their big day. Across the region, weddings are getting more expensive, yet, there are still many couples who are willing to spend their savings or take out a personal loan to fulfil their wedding dreams.
Source: Various
Increasing demand
A Malaysian wedding can cost an average of RM50,000 (US$11,900) but can easily reach up to a whopping RM200,000 (US$47,800). Cambodian weddings are very elaborate affairs lasting three days and involve multiple changes of clothing for the couple. Cambodian catering company, Seng Hok Heng, puts the average cost to cater a wedding party at US$15,000 to US$20,000. Here, guests are expected to bring monetary gifts, usually US$20 to US$35, depending on how well you know the bride and groom.
According to mybridesmade, a wedding e-commerce start-up, the cost of weddings in the Philippines could be in the range of P247,750 (US$4,800) to P975,000 (US$19,000). Millennials are spending more on their big day, and the wedding industry is facing a generational challenge to keep up with their increasing demands.
The average cost of weddings in Indonesia is around Rp116 million (US$8,200) which is triple the average annual income in the country, according to financial consulting website, HaloMoney. For the same price, newlyweds can put a down payment on a three-bedroom house on the outskirts of Jakarta. Due to financial constraints, many Indonesian couples only marry under Islamic law, which is a union not considered official in Indonesia. A legally recognised marriage there gives parents and children access to public services such as healthcare and education.
A ValueChampion study revealed that the cost of a wedding dinner in Singapore has increased 50.8 percent from 2011 to 2019. The study also claimed it is difficult to find a definite causal factor for the rising costs of weddings in the island state but one plausible explanation could be the rise of median monthly household income in Singapore, which has increased by 32 percent in the past eight years. Perhaps rising affluence leads to a higher willingness to spend more on expensive banquets.
Source: https://theaseanpost.com/article/rising-wedding-costs-southeast-asia
A Malaysian wedding can cost an average of RM50,000 (US$11,900) but can easily reach up to a whopping RM200,000 (US$47,800). Cambodian weddings are very elaborate affairs lasting three days and involve multiple changes of clothing for the couple. Cambodian catering company, Seng Hok Heng, puts the average cost to cater a wedding party at US$15,000 to US$20,000. Here, guests are expected to bring monetary gifts, usually US$20 to US$35, depending on how well you know the bride and groom.
According to mybridesmade, a wedding e-commerce start-up, the cost of weddings in the Philippines could be in the range of P247,750 (US$4,800) to P975,000 (US$19,000). Millennials are spending more on their big day, and the wedding industry is facing a generational challenge to keep up with their increasing demands.
The average cost of weddings in Indonesia is around Rp116 million (US$8,200) which is triple the average annual income in the country, according to financial consulting website, HaloMoney. For the same price, newlyweds can put a down payment on a three-bedroom house on the outskirts of Jakarta. Due to financial constraints, many Indonesian couples only marry under Islamic law, which is a union not considered official in Indonesia. A legally recognised marriage there gives parents and children access to public services such as healthcare and education.
A ValueChampion study revealed that the cost of a wedding dinner in Singapore has increased 50.8 percent from 2011 to 2019. The study also claimed it is difficult to find a definite causal factor for the rising costs of weddings in the island state but one plausible explanation could be the rise of median monthly household income in Singapore, which has increased by 32 percent in the past eight years. Perhaps rising affluence leads to a higher willingness to spend more on expensive banquets.
Source: https://theaseanpost.com/article/rising-wedding-costs-southeast-asia
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