The destination wedding market size has grown exponentially in recent years. It will grow from $27.64 billion in 2023 to $36.49 billion in 2024 at a compound annual growth rate (CAGR) of 32.0%. The growth observed in the historical period can be attributed to a growing desire for unique experiences, enhanced affordability of travel, the influence of social media on travel trends, an increase in wedding tourism, and the allure of cultural and exotic destinations.
The destination wedding market size is expected to see exponential growth in the next few years. It will grow to $105.92 billion in 2028 at a compound annual growth rate (CAGR) of 30.5%. Anticipated growth in the forecast period is expected due to the ongoing desire for exclusivity in wedding experiences, an expanded array of destination options, a shift towards more intimate gatherings, an increased focus on sustainability within the wedding industry, and the anticipated global economic recovery.
The expanding use of social media is propelling the destination wedding market. Social platforms play a crucial role in wedding planning and communication, influencing how couples plan and document their special day. Pew Research Center reported a 72% usage rate of social media among Americans in 2021.
The escalating number of international marriages is expected to drive growth in the destination wedding market. The Korea Times reported a 27.2% year-on-year increase in international weddings in 2022. This upward trend in international marriages fosters the growth of destination weddings as a preferred choice among couples crossing borders for matrimonial ceremonies.
Eco-friendly weddings in natural locations gain traction in the destination wedding market. The trend reflects a consumer preference for sustainable celebrations, as demonstrated by couples' choices in incorporating environment-friendly elements into their weddings. For instance, according to a 2022 real weddings survey by Theknot, a US-based wedding planning company, 70% of couples agreed if they planned to have a marriage in 2022 to include environment-friendly activities and décor such as buying second-hand or up-cycled items, using recycled paper items, and minimizing the use of single-use plastic. One-third of the couples believed that the vendors should be more proactive in providing eco-friendly solutions.
Strategic collaboration refers to a mutually beneficial partnership between two or more independent entities who work together to achieve shared goals aligned with their individual strategic objectives. In February 2023, the Singapore Tourism Board partnered with WeddingSutra to position Singapore as a premier destination for high-end weddings. The collaboration facilitated informative discussions and networking opportunities, highlighting Singapore's unique venues and luxurious offerings to key players in the wedding industry.
In July 2021, Matrimony.com Ltd., an India-based wedding services provider, acquired ShaadiSaga for Rs.11 crore ($ 1,410.87 Million). Matrimony.com aimed to expand its services in the north and west markets and become a market leader in the destination wedding space. Shadisaga.com is operated by Boatman Tech Pvt. Ltd., which is a wedding planning site providing a one-stop solution for planning and deciding venues and vendors for destination weddings.
Major companies operating in the destination wedding market report are Sparkles & Bubbles Weddings, Tropical Wedding & Honeymoon, Vivaah Weddings, Revel Events Weddings, The Wedding Travel Company, ALL THINGS BEAUTIFUL Weddings, Peach Perfect Weddings, The Destination Wedding, Wedding Planner Roma, Jennifer Fox Weddings, Sandals Resorts, The Knot, Magical Weddings, WeddingWire, Lomas Travel, Zola Inc., Exquisite Vacations Inc., LUXE Destination Weddings, Brides by Liza, Perfect Weddings Abroad, White Eden Weddings, Fiestasol Weddings, LM Wedding Planner, Studio Brzak Events, Planned For Perfection Weddings, BAQAA Glamour Weddings & Events, The Big Night Weddings, Shehnaiyan Weddings, Impressario Inc. Weddings, Signature Wedding Details, Honeymoons Inc., Iberostar Hotels & Resorts, Karisma Hotels & Resorts, Hard Rock Hotels, Palace Resorts, Dreams Resorts & Spas, Aisle Planner, I Do! Wedding & Events, BaliVIP Weddings, Wedding Italy, My Wedding Away, Jamaica Wedding DJ, Wedding Destinations, The Bridal Consultant.
North America was the largest region in the destination wedding market share in 2023. The regions covered in the destination wedding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the destination wedding market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Destination weddings often revolve around four distinct seasons: high season, mid-season, low season, and mid-peak season. The high season, spanning from late winter to the end of summer, signifies the period when most weddings take place. Various activities within destination weddings encompass accommodation services, food services, butler services, and other related offerings. These events involve a series of functions, including pre-wedding ceremonies, the main wedding event, receptions, bachelor’s parties, and other celebratory gatherings. Venues for destination weddings can be either national or international destinations. Booking channels for these venues commonly include phone reservations, online booking platforms, and in-person booking services, providing multiple avenues for couples planning their dream destination weddings.
The destination wedding market research report is one of a series of new reports that provides Destination wedding market statistics, including destination wedding industry global market size, regional shares, competitors with a destination wedding market share, detailed Destination wedding market segments, market trends and opportunities, and any further data you may need to thrive in the destination wedding industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The destination wedding market includes revenues earned by entities by providing services such as decor and design, destination and venue selection, entertainment, pre wedding celebrations, wedding communication, and logistics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The destination wedding market size is expected to see exponential growth in the next few years. It will grow to $105.92 billion in 2028 at a compound annual growth rate (CAGR) of 30.5%. Anticipated growth in the forecast period is expected due to the ongoing desire for exclusivity in wedding experiences, an expanded array of destination options, a shift towards more intimate gatherings, an increased focus on sustainability within the wedding industry, and the anticipated global economic recovery.
The expanding use of social media is propelling the destination wedding market. Social platforms play a crucial role in wedding planning and communication, influencing how couples plan and document their special day. Pew Research Center reported a 72% usage rate of social media among Americans in 2021.
The escalating number of international marriages is expected to drive growth in the destination wedding market. The Korea Times reported a 27.2% year-on-year increase in international weddings in 2022. This upward trend in international marriages fosters the growth of destination weddings as a preferred choice among couples crossing borders for matrimonial ceremonies.
Eco-friendly weddings in natural locations gain traction in the destination wedding market. The trend reflects a consumer preference for sustainable celebrations, as demonstrated by couples' choices in incorporating environment-friendly elements into their weddings. For instance, according to a 2022 real weddings survey by Theknot, a US-based wedding planning company, 70% of couples agreed if they planned to have a marriage in 2022 to include environment-friendly activities and décor such as buying second-hand or up-cycled items, using recycled paper items, and minimizing the use of single-use plastic. One-third of the couples believed that the vendors should be more proactive in providing eco-friendly solutions.
Strategic collaboration refers to a mutually beneficial partnership between two or more independent entities who work together to achieve shared goals aligned with their individual strategic objectives. In February 2023, the Singapore Tourism Board partnered with WeddingSutra to position Singapore as a premier destination for high-end weddings. The collaboration facilitated informative discussions and networking opportunities, highlighting Singapore's unique venues and luxurious offerings to key players in the wedding industry.
In July 2021, Matrimony.com Ltd., an India-based wedding services provider, acquired ShaadiSaga for Rs.11 crore ($ 1,410.87 Million). Matrimony.com aimed to expand its services in the north and west markets and become a market leader in the destination wedding space. Shadisaga.com is operated by Boatman Tech Pvt. Ltd., which is a wedding planning site providing a one-stop solution for planning and deciding venues and vendors for destination weddings.
Major companies operating in the destination wedding market report are Sparkles & Bubbles Weddings, Tropical Wedding & Honeymoon, Vivaah Weddings, Revel Events Weddings, The Wedding Travel Company, ALL THINGS BEAUTIFUL Weddings, Peach Perfect Weddings, The Destination Wedding, Wedding Planner Roma, Jennifer Fox Weddings, Sandals Resorts, The Knot, Magical Weddings, WeddingWire, Lomas Travel, Zola Inc., Exquisite Vacations Inc., LUXE Destination Weddings, Brides by Liza, Perfect Weddings Abroad, White Eden Weddings, Fiestasol Weddings, LM Wedding Planner, Studio Brzak Events, Planned For Perfection Weddings, BAQAA Glamour Weddings & Events, The Big Night Weddings, Shehnaiyan Weddings, Impressario Inc. Weddings, Signature Wedding Details, Honeymoons Inc., Iberostar Hotels & Resorts, Karisma Hotels & Resorts, Hard Rock Hotels, Palace Resorts, Dreams Resorts & Spas, Aisle Planner, I Do! Wedding & Events, BaliVIP Weddings, Wedding Italy, My Wedding Away, Jamaica Wedding DJ, Wedding Destinations, The Bridal Consultant.
North America was the largest region in the destination wedding market share in 2023. The regions covered in the destination wedding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the destination wedding market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Destination weddings often revolve around four distinct seasons: high season, mid-season, low season, and mid-peak season. The high season, spanning from late winter to the end of summer, signifies the period when most weddings take place. Various activities within destination weddings encompass accommodation services, food services, butler services, and other related offerings. These events involve a series of functions, including pre-wedding ceremonies, the main wedding event, receptions, bachelor’s parties, and other celebratory gatherings. Venues for destination weddings can be either national or international destinations. Booking channels for these venues commonly include phone reservations, online booking platforms, and in-person booking services, providing multiple avenues for couples planning their dream destination weddings.
The destination wedding market research report is one of a series of new reports that provides Destination wedding market statistics, including destination wedding industry global market size, regional shares, competitors with a destination wedding market share, detailed Destination wedding market segments, market trends and opportunities, and any further data you may need to thrive in the destination wedding industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The destination wedding market includes revenues earned by entities by providing services such as decor and design, destination and venue selection, entertainment, pre wedding celebrations, wedding communication, and logistics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Destination Wedding Market Characteristics3. Destination Wedding Market Trends and Strategies32. Global Destination Wedding Market Competitive Benchmarking33. Global Destination Wedding Market Competitive Dashboard34. Key Mergers and Acquisitions in the Destination Wedding Market
4. Destination Wedding Market - Macro Economic Scenario
5. Global Destination Wedding Market Size and Growth
6. Destination Wedding Market Segmentation
7. Destination Wedding Market Regional and Country Analysis
8. Asia-Pacific Destination Wedding Market
9. China Destination Wedding Market
10. India Destination Wedding Market
11. Japan Destination Wedding Market
12. Australia Destination Wedding Market
13. Indonesia Destination Wedding Market
14. South Korea Destination Wedding Market
15. Western Europe Destination Wedding Market
16. UK Destination Wedding Market
17. Germany Destination Wedding Market
18. France Destination Wedding Market
19. Italy Destination Wedding Market
20. Spain Destination Wedding Market
21. Eastern Europe Destination Wedding Market
22. Russia Destination Wedding Market
23. North America Destination Wedding Market
24. USA Destination Wedding Market
25. Canada Destination Wedding Market
26. South America Destination Wedding Market
27. Brazil Destination Wedding Market
28. Middle East Destination Wedding Market
29. Africa Destination Wedding Market
30. Destination Wedding Market Competitive Landscape and Company Profiles
31. Destination Wedding Market Other Major and Innovative Companies
35. Destination Wedding Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Destination Wedding Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on destination wedding market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for destination wedding? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Function: Pre-Wedding Ceremonies; Wedding Ceremonies; Reception; Other Functions
2) By Inclusion and Activity: Accommodation Services; Food Service; Butler Services; Other Services
3) By Season: High Season; Mid-Season; Low Season; Mid-Peak Season
4) By Venues: National; International
5) By Booking Channel: Phone Booking; Online Booking; In Person Booking
Key Companies Mentioned: Sparkles & Bubbles Weddings; Tropical Wedding & Honeymoon; Vivaah Weddings; Revel Events Weddings; The Wedding Travel Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Sparkles & Bubbles Weddings
- Tropical Wedding & Honeymoon
- Vivaah Weddings
- Revel Events Weddings
- The Wedding Travel Company
- ALL THINGS BEAUTIFUL Weddings
- Peach Perfect Weddings
- The Destination Wedding
- Wedding Planner Roma
- Jennifer Fox Weddings
- Sandals Resorts
- The Knot
- Magical Weddings
- WeddingWire
- Lomas Travel
- Zola Inc.
- Exquisite Vacations Inc.
- LUXE Destination Weddings
- Brides by Liza
- Perfect Weddings Abroad
- White Eden Weddings
- Fiestasol Weddings
- LM Wedding Planner
- Studio Brzak Events
- Planned For Perfection Weddings
- BAQAA Glamour Weddings & Events
- The Big Night Weddings
- Shehnaiyan Weddings
- Impressario Inc. Weddings
- Signature Wedding Details
- Honeymoons Inc.
- Iberostar Hotels & Resorts
- Karisma Hotels & Resorts
- Hard Rock Hotels
- Palace Resorts
- Dreams Resorts & Spas
- Aisle Planner
- I Do! Wedding & Events
- BaliVIP Weddings
- Wedding Italy
- My Wedding Away
- Jamaica Wedding DJ
- Wedding Destinations
- The Bridal Consultant
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 36.49 Billion |
Forecasted Market Value ( USD | $ 105.92 Billion |
Compound Annual Growth Rate | 30.5% |
Regions Covered | Global |
No. of Companies Mentioned | 44 |