At Prom Night Events, we specialise in Sydney school formal packages and venues, and we also enjoy keeping up with market trends.
This page shares facts and figures about the school formal market. This information comes from surveys and data collection efforts conducted over the years, which are still ongoing.
Most of the information comes from ELK & Sons Consolidated Pty Ltd (a related survey company). It’s an overview based on our direct experience, open survey responses, and extrapolations using common methods. Therefore, the accuracy of this information depends on the reliability of the sources. We present it here more for general interest than as definitive data.
Figures relating to the revenues of the school formal industry (as at last survey period):
PREVIOUS SURVEY YEAR:
| State | # of High Schools | Total Formals Revenue |
|---|---|---|
| NSW | 2335 | $909,782,838.54 |
| SA | 625 | $243,622,225.40 |
| QLD | 1788 | $696,954,462.43 |
| VIC | 1614 | $629,130,034.87 |
| WA | 1213 | $472,822,015.06 |
| NT | 221 | $86,144,818.90 |
| ACT | 36 | $14,032,640.20 |
| TAS | 61 | $23,777,529.20 |
| Total National Turnover | $3,076,266,564.60 |
LATEST SURVEY YEAR:
| State | # of High Schools | Total Formals Revenue |
|---|---|---|
| NSW | 2232 | $995,369,002.09 |
| SA | 625 | $266,769,136.49 |
| QLD | 1788 | $763,173,145.68 |
| VIC | 1614 | $688,904,618.08 |
| WA | 1213 | $517,745,540.11 |
| NT | 221 | $94,329,566.66 |
| ACT | 36 | $15,365,902.32 |
| TAS | 61 | $26,036,667.82 |
| Total National Turnover | $3,367,693,578.95 |
Ratio of Dollars spent
Individual items (items experienced by only individuals) 83%
Group items (items experienced collectively by the whole guest list) 17%
Figures relating to the Times of Year and Week
6% of school formals occur in School Term 2
22% of school formals occur in School Term 3
72% of school formals occur in School Term 4
76% of school formals occur Mon-Thursday
24% of school formals occur Fri-Sunday
Planning Time Frames
12+ Months 24%
9 – 11 Months 52%
6 – 8 Months 18%
2 – 5 Months 4%
Last Minute 2%
Ratio of Years, school formals and Market Share
100% of Year 12 groups will have some kind of school formal
52% of Year 10 Groups will have some kind of school formal
22% of Year 11 Groups will have some kind of school formal
67% of the entire school formals market is Year 12
28% of the entire school formals market is Year 10
5% of the entire school formals market is Year 11
Figures relating to schools & school formals
86% of student committees refused official permission and support for the school formal will go ahead and have one anyway.
94% of school formals proceeding without school permission will be booked in the school’s name.
92% of school formals taking place each season are illegal in one respect or another due to one or several breaches of regulations or laws.
100% of those school formals in breach would automatically be uninsured as a result.
6% of school formals have parents as invited guests.
18% of school formals have teachers as invited guests.
2% of school formals have both parents and teachers as invited guests.
The average student in year 12 attends 2.3 school formals in the same season. One as their own and others as invited guests.
0.5% of girls attending more than one school formal in a season wear the same outfit twice or more.
67% of boys attending more than one school formal in a season wear the same outfit twice or more.
Figures relating to school formal venues & packages
A/ Of all the venues actively appealing to the market for their school formal business, only 9% are legally permitted to do so.
B/ 68% of marketing material being distributed to the school formal market by venues contains either illegally stated information, or false & misleading information.
C/ The average “advertised” price of a school formal package at “budget” venues is $99.
D/ The average “actual” price of a school formal package at “budget” venues is $142.
E/ The average “actual” price of a school formal package at “premium” venues is $146.
F/ The average percentage of “budget” venues that charge extra for items that they advertise as “all inclusive” is 63%.
G/ The average percentage of committees that recoup all of their security bond back from a budget venue after a school formal is 28%.
Preferences in relation to school formal package Inclusions
Of 1265 formal committees surveyed, this is the priority they placed on each of the inclusions mentioned, and the types of venues preferred…
Essential
Preferred
Liked
Uninteresting
Preferred Venues
Most Desired
Often Acceptable
Least Desired
Q: Where can I find relevant information if I’m a student, parent or school official?
A: There are many stakeholders who look at formal planning from completely different perspectives. Most of the really common stuff can be found on our page called – Q & A. We also have a link page called – Research. If you’re interested in the industry overall, there’s a page dedicated to all the facts and figures called – Formal Statistics. For real nitty-gritty advice on a full range of issues, you can see our menu of Blog Posts.
Q: What’s the process of choosing venues, packages and getting prices?
A: It’s a simple 3-step process explained in detail at the page – How It Works. There’s a gallery of available venues with detailed pics and information at the page – Venues. To see what’s on offer in the way of package inclusions, see the page called – Inclusions.
Q: How does the money and data get collected for formal guests?
A: We use 2 fantastic secure online ticketing solutions. One called Humanitix for buying tickets and another called TikCover for selling your tickets if you can no longer attend. You can see all about both at the pages called – Tickets and Ticket Buy-Outs.
Q: After the formal is over, where can I see and download the photos?
A: Within a couple of days of your formal, you’ll get an email with a link but if you want to see all of our photos, check out the page called – Galleries.
Q: Who is Prom Night Events? How do they do what they do?
A: We’re the market leader in professional event management for the school formals industry. To know more about the company and its people, check out the page called – About Us. If you want to read from our customers, check out the page called – Testimonials. To see our position on environmental issues, see the page called – Planet Pledge. You may want to know how we handle your data, there’s a page called – Privacy Policies.
Q: Does Prom Night Events do after-parties?
A: Yes! Check out the page called – Afterz.
Q: How do I get in touch with Prom Night Events?
A: Lots of ways – see the page called – Connect. If you want to let us know how we’re doing – use the form on a page called – Feedback.