Destination Wedding Global Market Size, Share, Future Trends, Comprehensive Analysis, Opportunity And Industry Forecast 2024-2033 | Vivaah Weddings, Revel Events Weddings, Brides by Liza, LM Wedding Planner

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Destination Wedding Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth 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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Market Segmentation:
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

Major Driver - The Influence Of Social Media On The Soaring Destination Wedding Market
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.

Competitive Landscape:
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

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Top Trend - Strategic Collaboration Drives Excellence In Destination Wedding Services
Major companies operating in the destination wedding market are focusing on strategic collaboration, to provide reliable services to customers. 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. For instance, in February 2023, the Singapore Tourism Board (STB), a Singapore-based State Department of Tourism, announced a collaboration with WeddingSutra, an India-based destination wedding and event planning company. STB reintroduced Singapore as a high-end wedding destination by conducting an informative panel discussion with well-known personalities in the Indian wedding business. The meeting was also attended by key Singapore players such as Sentosa Development Corporation, Gardens by the Bay, and Singapore Airlines. The event allowed Singapore participants such as Singapore Airlines, Sentosa Development Corporation, Changi Airport Group, Gardens by the Bay, Far East Hospitality, and wedding planners to meet one-on-one, emphasizing unique venue choices, exclusive beach resorts, and private yet luxurious surroundings.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Destination Wedding Market Characteristics
3. Destination Wedding Market Trends And Strategies
4. Destination Wedding Market - Macro Economic Scenario
5. Destination Wedding Market Size And Growth
…..
27. Destination Wedding Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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