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Destination Weddings Market Poised for Steady Growth in the Future

02-24-2017 10:22 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Destination Weddings Market Poised for Steady Growth in

The 300 billion worth wedding industry is fast changing its attire. Potential couples are making a beeline and reaching out for professional help to curate a better and bigger wedding experience. New wedding trends are emerging in the market and couples are keen to fiddle with out-of-the-box nuptial ideas. The bent towards personalisation is building a robust ground for destination weddings. Able wedding planners and customised wedding tour packages are some of the basic reasons that are pushing the adoption of destination weddings. The massive surge of the travel industry worldwide is creating a better and wider customer base. The technological boom, enhanced customer convenience and better communication facilities are changing the dimension of the travel industry. This immense wave of change is also complimenting the spread of the concept of destination weddings. The recent travel trends have shown a steep rise in honeymoon travels and destination weddings rather than simple leisure tours. The tourism industry is reaping the benefits of destination weddings. In the last few years, the trend of destination weddings has almost eroded the entire travel and tourism industry. Travel agents and tour operators roll out special offers to lure clients from this segment as they are eager to spend and the travel operator can get a long and bulk order from the client who is all set for a coveted destination wedding.

Destination weddings effectively impact several segments of tourism. The stakeholders enjoy maximum benefits of destination weddings. The increasing number of destination weddings are not only paving the way for the growth of the tourism industry but it is also giving an excuse for travel to the newly hitched couples. The majority of the travel savvy population is planning for destination weddings today as it is also building a window for travel and tourism. Destination weddings are becoming extremely popular in the South East Asian region. Newly married couples mostly prefer long celebrations, rich decorations and a massive pool of guests. Destinations in India, China and Indonesia attract several tourists every year who wish to go in for destination weddings.

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Theaverage wedding budget has soared in the last few years and created a better way of growth for promoting destination weddings. The concept of destination weddings is steadily rising as these weddings are affordable and exciting. In most cases, marriage makers and hotels give special offers to couples and in exchange, they fetch a bulk order from them. Destination weddings can be completely tailor made, which is why more couples are opting for it. It’s a perfect family milieu for friends and family and the celebrations too extend beyond the D-day. The resort and the hospitality partner of the marriage back the marriage with all possible facilities to knit a proper marriage experience for the newlywed couple. A gamut of pre- and post- marriage facilities are offered to create a perfect memory for the couple.

Destination Weddings: Game Changers

Destination weddings are creating a buzz in the global wedding scenario. More couples are opting for this new innovative way of getting married because of their unique nature and cost effectiveness. The lucrative travel offers from destination managers and mushrooming destination wedding spots around the world are also encouraging the growth of destination weddings.

Destination Weddings: Restraints

The rising number of manmade and natural disasters are restricting people from venturing out to risky places. Also, the tourism industry has been badly hit in the last few years as a slew of terrorist attacks throttled the growth of many thriving tourism destinations across the globe. The belief of youth on institutions such as marriage has dipped in the last few years and this is adversely affecting the growth of destination weddings.

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Destination Weddings: Bigwigs

There are several hotels and tour operators that table multiple offers to would-be couples. Destination weddings in India and US is a booming sector and experts predict a massive surge in the years to come.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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