Press release
Destination Wedding Market Report 2023: Latest Insights, Growth Rate, Future Trends And Forecast To 2032
Destination Wedding Market
The Business Research Company's Destination Wedding Global Market Report 2023 identifies rising penetration of social media as the major driver for the Destination Wedding market's growth in the forecast period. 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.
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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Major competitors 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
A key trend in the Destination Wedding market includes Eco-friendly weddings. People are attempting to be more environmentally conscious these days, which is why they are opting for eco-friendly weddings in natural settings. Destination wedding service providers provide incredibly sustainable and natural sites, which helps the market flourish.
Read More On The Global Destination Wedding Market Report Here:
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The Destination Wedding market 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
• 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.
The Business Research Company's "Global Destination Wedding Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
........
26. Africa Destination Wedding Market
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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