The Global Destination Wedding Market is esteemed to grow at a CAGR of 6% during the forecast period 2022-2027. The market value was at USD 22.81 billion in 2021, and the value is expected to reach USD 54.44 billion by the end of 2027.

A destination wedding is usually planned at a high-end resort where all the wedding activities begin a week earlier along with the guests. The destination wedding can be small and intimate, and this wedding plan offers flexibility. In fact, a destination wedding is held away from the couple’s hometown. For tourism and travel, a destination wedding is an important business activity. The rise in the number of resorts, hotels, and flight connectivity in major places is creating interest for couples to marry at their desired destination. Now a day, couples are seeking unique and personalized experience abroad that is anticipated to fuel the global destination wedding market.

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Market Drivers:

The rise in the economy is a major driving factor for the destination wedding market to grow eventually. Couples' interest in marrying at their desired destination is inclined to propel the demand of the market to the extent.

Market Restraints:

However, the growing costs of tour packages are slightly degrading the demand of the destination wedding market. Lack of complete knowledge of the events involved in the destination wedding is also hindering the growth rate of the market.

Market Segmentation:

Global Destination Wedding Market - By Season: High Season, Mid-Season, Low Season, and Mid-Peak Season.

Mid-peak season segment held 26% of market shares. This segment has the dominant shares owing to the favorable weather conditions.

Global Destination Wedding Market - By Inclusion & Activity: Accommodation Services, Food Service, Butler Services, and Other Services.

The accommodation services segment is expected to register the highest CAGR, whereas the food service segment is anticipated to have the dominant share of the destination wedding market.

Global Destination Wedding Market - By Guest Capacity: Below 100 Guests, 100 & Above.

The below 100 guests’ segment is likely to have prominent shares of the market. The rising trend for micro wedding/intimate weddings due to the effect of the corona is majorly propelling the demand of the below 100 guests’ segment.

Global Destination Wedding Market - By Functions: Pre-Wedding Ceremonies, Wedding Ceremonies, Reception, Bachelor’s Party, Other Types of Functions,

The wedding ceremonies segment is ruling the shares of the destination wedding market.

Global Destination Wedding Market - By Venues: National, International

The international venue segment is accounted in holding 66% of destination wedding market shares. The growing prevalence of international venues among millennials is a major factor contributing to propelling the demand for the international venue segment.

Global Destination Wedding Market - By Booking Channel: Phone Booking, Online Booking, and In Person Booking.

The in-person booking segment is leading with the dominant shares. 43% of shares are accounted for by the in-person booking segment. With the increasing IoT, the demand for the online booking segment is gaining traction over the shares of the destination wedding market.

Global Destination Wedding Market – By Region:

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
North America is significantly holding the highest shares of the destination wedding market owing to the increasing economy and rising demand for intimate ceremonies. The US accounted for around 50% of shares in 2021, owing to the rising number of destination weddings. The increasing prevalence of eco-tourism is likely to lavish the destination wedding market growth.

Offering attractive discounts in packages is majorly gearing up the demand of the market in Europe. The presence of cultural and heritage locations in the country is leveraging the demand of the destination wedding market.

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COVID-19 impact on the Destination Wedding Market:

COVID-19 disrupted the destination wedding market shares. Many marriages got postponed across the world due the COVID-19 in 2020 and 2021. 45-80% of all weddings got canceled or postponed across the world. Because of the pandemic, millions of dollars stand to lose that rely on summer weddings. During the pandemic, tours and travel have been affected the most, where flights are canceled, hotels are closed, and travel controls are enforced. This negatively impacted the growth rate of the destination wedding market. However, from 2021, the destination wedding market shares started to rise.

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