Recognizing Changing Industry Trends While Boosting Cemetery Revenue

It is no shock that we are witnessing a huge transition in the way the deathcare industry has assisted the deceased and their families. Cremation rates are continuing to rise, but at what risk? According to the National Funeral Directors Association, yearly cremation rates have skyrocketed up to 57.5%, nearly a 20% increase over a ten-year span. This trend is projected to continue over the course of the next ten years and doesn’t seem to be slowing down, but why is this the case? Oftentimes, it stems from the increasing cost of funeral and cemetery arrangements, as many people believe cremation is the more economic route since they technically do not need their remains to be interred within a cemetery. Because of this phenomenon, cemeteries across the country are faced with the growing threat of less interments per year resulting in far less revenue.