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Destination Wedding Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : White eden weddings, FiestaSol, Magical weddings, Sparkles & Bubbles, Peach Perfect Weddings, The Wedding Travel Company
Destination Wedding Global Market
Destination Wedding Market Size, Growth Rate, And Forecast
The global destination wedding market size grew from $21.31 billion in 2022 to $28.31 billion in 2023 at a compound annual growth rate (CAGR) of 32.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The destination wedding market size is expected to grow to $78.89 billion in 2027 at a CAGR of 29.2%.
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Destination Wedding Market Drivers
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.
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Destination Wedding Market Segments
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
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Destination Wedding market.
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Destination Wedding Market Key Players
Major players in the destination wedding market are White eden weddings, FiestaSol, Magical weddings, Sparkles & Bubbles, Peach Perfect Weddings, The Wedding Travel Company, LM Wedding Planner, Jennifer Fox Weddings, The Destination Wedding, Wedding Planner Roma, Studio Brzak Events, ALL THINGS BEAUTIFUL, Planned For Perfection, Tropical Wedding & Honeymoon, BAQAA Glamour Weddings & Events, Vivaah Weddings, The Big Night, Shehnaiyan, Impressario Inc., and Revel Events.
The Business Research Company's "Global Destination Wedding Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Destination Wedding Market Include:
1. Executive Summary
2. Destination Wedding Market Characteristics
3. Destination Wedding Market Trends And Strategies
4. Destination Wedding - Macro Economic Scenario
5. Destination Wedding Market Size And Growth
……
27. Destination Wedding Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Destination Wedding Market
29. Destination Wedding Market Future Outlook and Potential Analysis
30. Appendix
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