Core Viewpoint - The article discusses the shift in young people's attitudes towards weddings and wedding photography, highlighting a trend towards minimalism and practicality over traditional expectations and extravagance [6][28]. Group 1: Changing Attitudes Towards Wedding Photography - A well-known wedding photography agency has been reported to potentially go out of business, indicating a decline in the wedding photography market [6]. - Young couples are increasingly opting out of traditional wedding photography due to high costs, with domestic travel shoots starting at 8,000 yuan and international shoots easily exceeding 30,000 yuan [8]. - The actual costs of wedding photography often exceed initial quotes due to additional fees for items like props and post-shoot services, leading to frustration among couples [9][12]. Group 2: Simplification of Wedding Processes - Many couples are re-evaluating the necessity of traditional wedding elements, such as diamond rings and wedding banquets, in light of rising costs [20][25]. - The trend is moving towards practical gifts instead of traditional wedding favors, with items like soap and toothpaste becoming more common [25]. - Couples are increasingly choosing to rent wedding attire rather than purchase, with many opting for simpler styles or even casual clothing for their ceremonies [27]. Group 3: Redefining Wedding Ceremonies - The traditional wedding ceremony is being redefined, with many couples eliminating unnecessary rituals and focusing on what truly matters to them [29][31]. - Social media has amplified negative perceptions of traditional wedding customs, leading to a decline in practices like "wedding games" that are seen as intrusive or outdated [32][34]. - Couples are prioritizing intimate gatherings over large celebrations, often reducing the ceremony to just a few key elements like vows and a meal [35][36]. Group 4: Financial Considerations and Future Planning - Young couples are becoming more financially savvy, often reallocating wedding budgets towards practical investments like home renovations or travel [39][40]. - The trend of minimalism in weddings allows couples to save money, which can be used for future savings or shared experiences, reflecting a shift in priorities from extravagant celebrations to meaningful living [40][41].

Core Viewpoint - The crisis faced by Bojue Travel Photography is attributed not only to macroeconomic factors but also to inherent issues within the business model, particularly its inability to scale effectively in a non-standardized service industry [5][8][10]. Group 1: Business Overview - Bojue Travel Photography was founded in 2011 by Xu Chunsheng, who previously operated two photography studios and identified the travel photography market as a blue ocean opportunity [7]. - At its peak, the company expanded globally and sponsored various reality shows, significantly increasing its brand visibility [8]. - However, since 2020, the company has experienced prolonged losses, leading to its eventual collapse, indicating that a blue ocean market does not guarantee success [8][10]. Group 2: Business Model Challenges - The travel photography business is asset-heavy, requiring significant investment in locations, equipment, and personnel, which increases operational costs [10]. - The nature of wedding photography is low-frequency and non-recurring, making it a one-time service with high customer acquisition costs, further complicating profitability [10][12]. - The lack of standardization in services leads to difficulties in scaling, as each customer has unique preferences that cannot be easily standardized [11][12]. Group 3: Comparison with Other Models - Other service industries, such as medical aesthetics, have found ways to standardize processes, allowing for scalability, unlike the travel photography sector [14][22]. - Companies like Flytographer have adopted a platform model, matching photographers with clients without incurring high operational costs, demonstrating a more sustainable business approach [22][23].

Core Viewpoint - The article discusses the downfall of Bojue Travel Photography, attributing its failure to a combination of macroeconomic factors and inherent business model flaws, particularly the challenges of scaling a non-standardized service in a declining market [4][7][10]. Group 1: Company Overview - Bojue Travel Photography was founded by Xu Chunsheng in 2011, focusing on wedding photography and expanding into personal and family portraits [6]. - At its peak, the company had a global presence and significant marketing efforts, including sponsorship of various reality shows [6][7]. - The company faced prolonged losses starting in 2020, leading to its eventual collapse after five years of financial struggles [7]. Group 2: Business Model Challenges - The travel photography business is likened to a travel agency but faces unique challenges, such as high asset costs and low repeat purchase rates [9][10]. - The business model requires significant investment in locations, equipment, and personnel, with one photography base in Xiamen costing around 80 million [9]. - The nature of wedding photography as a one-time service leads to high customer acquisition costs and limits scalability [9][10]. Group 3: Standardization Issues - The article emphasizes the low standardization in the travel photography industry, making it difficult to create a consistent service model [11][13]. - Unlike other service industries, travel photography lacks a fixed process, leading to variability in customer satisfaction and outcomes [12][13]. - The challenges of standardization are highlighted through comparisons with other industries, such as medical services, where standardization can lead to scalability [14][16]. Group 4: Comparison with Competitors - The article contrasts Bojue with competitors like Flytographer, which operates on a platform model, matching photographers with clients without incurring high operational costs [20][21]. - Flytographer's business model allowed it to remain profitable during the pandemic, showcasing a more sustainable approach compared to Bojue's traditional model [21].