SorcererMickey
September 17th, 2007, 16:39
Lavish quinceaneras reflect growing economic clout of Hispanics
September 17, 2007 - Posted at 12:00 a.m.
ADVOCATE STAFF REPORT
The rising trend of elaborate and expensive quinceaneras is not only a sign of the blinged-out party craze embraced by teens weaned on MTV's "My Super Sweet 16," but also of the growing economic clout of U.S. Hispanics.
The buying power of Hispanics in the United States is about $838 billion and is expected to reach more than $1.3 trillion by 2011, according to a May report by the investment banking firm The Mercanti Group.
The report singles out the rising cost of quinces as a significant benchmark. The national average for a quince is between $5,000 and $10,000, with a guest list of about 200.
Even the Walt Disney company has taken note of Hispanics' increasing spending power, launching a new package at Walt Disney World geared at quinceanera parties. Price tags range anywhere from $1,800 to $20,000 and packages add Disney's fairytale touches to the coming-of-age celebration.
Source: http://www.thevictoriaadvocate.com/233/story/122835.html
September 17, 2007 - Posted at 12:00 a.m.
ADVOCATE STAFF REPORT
The rising trend of elaborate and expensive quinceaneras is not only a sign of the blinged-out party craze embraced by teens weaned on MTV's "My Super Sweet 16," but also of the growing economic clout of U.S. Hispanics.
The buying power of Hispanics in the United States is about $838 billion and is expected to reach more than $1.3 trillion by 2011, according to a May report by the investment banking firm The Mercanti Group.
The report singles out the rising cost of quinces as a significant benchmark. The national average for a quince is between $5,000 and $10,000, with a guest list of about 200.
Even the Walt Disney company has taken note of Hispanics' increasing spending power, launching a new package at Walt Disney World geared at quinceanera parties. Price tags range anywhere from $1,800 to $20,000 and packages add Disney's fairytale touches to the coming-of-age celebration.
Source: http://www.thevictoriaadvocate.com/233/story/122835.html