Venue Expenses If the event is held in a rented venue, the cost of renting the venue must be taken into account. This could include the cost of renting an event room at a hotel, as well as any additional costs associated with the venue (for example, finding inspiration for a wedding that suits your style with photos of real couples). Sit back and relax with travel information and exclusive offers for the most popular honeymoon destinations. The costs shown in the graph are based on the expenditure of thousands of couples who recently declared prices for this service in their WeddingWire review.
Pricing varies based on factors including, but not limited to, provider experience, level of experience, number of guests invited to the event, date, and geographic region. In many cases, you'll save money if you hold the ceremony and reception in the same place. Not only will you save on the venue itself, but also on other wedding expenses, such as transportation (you won't have to worry about moving from one place to another) and rent (you can reuse chairs and other items for both the ceremony and the reception). Manage your wedding expenses and track payments with WeddingWire's free budgeting tool.
Even if you've fallen in love with the space, it's important that you do your due diligence. For most events, venue costs will represent the biggest expense in your budget. It's important to find a place with ample space that contributes to the experience of your guests. You want a place that works with you to meet your goals, find a catering service, and even get you ready for the event.
The venue usually provides the equipment, so these two parts of the budget can go hand in hand. Since there is no standard format for setting the prices of the venues, you should know how much you are going to get for the amount the venue charges. For most of the bride and groom, the venue accounts for most of the budget, so it's worth exploring the options and considering ways to save at the venue. For example, a corporate event could spend a large part of the budget on getting a stylish venue.
If the venue provides the food and drink, you'll have to spend a minimum amount in dollars to determine the final cost of the place. So what influences the wide variability and variety of costs? Usually, the cost of the venue includes a large part of the reception expenses (and, possibly, some expenses related to the ceremony if both events are held at the same venue).