Destination Wedding Market Research Report 2024-2033: Key Drivers, Insights, Outlook, and Overview

Global destination wedding market size is expected to reach $105.92 Bn by 2028 at a rate of 30.5%, segmented as by function, pre-wedding ceremonies, wedding ceremonies, reception, other functions

Jul 16, 2024 - 12:26

Destination Wedding Market Research Report 2024-2033: Key Drivers, Insights, Outlook, and Overview

Overview and Scope

Destination wedding refers to weddings that take place outside of the city or town where the soon-to-be-married couple resides. The destination wedding services involve planning, booking, and assistance with various ceremonies. The term destination wedding refers to a wedding that is planned ahead of time in a location, usually a high-end resort, where the couple, wedding party, and guests stay for roughly a week and where all wedding-related activities take place.

Sizing and Forecast

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 in the historic period can be attributed to desire for unique experiences, increased affordability of travel, social media influence, rise in wedding tourism, cultural and exotic appeal.

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%. The growth in the forecast period can be attributed to continued desire for exclusivity, expansion of destination options, shift toward intimate gatherings, increased focus on sustainability, global economic recovery. Major trends in the forecast period include health and safety measures, personalization through technology, all-inclusive wedding packages, culinary experiences and local cuisine, collaboration with local wedding professionals.

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Segmentation & Regional Insights

The destination wedding market covered in this report is segmented –

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

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.

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Major Driver Impacting Market Growth

The rising penetration of social media is expected to propel the growth of the destination wedding market growing forward. Websites and programs that emphasize communication, community-based input, engagement, content-sharing, and collaboration are collectively referred to as social media. It can be challenging to unplug, even during the most important moments of life such as weddings, because Snapchat, Instagram, and Facebook have ingrained themselves so deeply into daily existence. Particularly during destination weddings, a variety of photo and video opportunities are available. For instance, according to Pew research center, a nonpartisan fact provider, in 2021 72% of American people used at least one social media. Furthermore, according to an article published by Willow Wedding, a US-based wedding planner, in the US, 83% of wedding planning is now done online where 62% of couples create their wedding site, 52% use a wedding planning app and 54% implement a wedding hashtag on social media. Therefore, the rising penetration of social media is driving the growth of the destination wedding market.

Key Industry Players

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

The destination wedding market report table of contents includes: