Today in data, after two years of large events and gatherings canceled or postponed due to the pandemic, the wedding and concert industries are seeing a boom while other hospitality-related sectors still struggle.
Data
2.6M: The number of weddings – the highest in 20 years – The Knot projects will happen this year following two years of nuptials postponed by COVID.
14%: The rise in the price of concert tickets from 2019 and 2021, as the industry tries to capitalize on increased demand following two years of canceled shows.
86%: The number of companies who say they are approving non-essential domestic business travel, an increase of 10 percentage points from last year.
$12.5B: The amount investors paid for hotel purchases as interest in that sector – hit hard by the pandemic – rose recently and travel resumed.
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3 in 10: The number of consumers who say they dine out less frequently due to COVID.
