DUBLIN--(BUSINESS WIRE)--The "Destination Wedding Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global destination wedding market is expected to grow from $15.89 billion in 2021 to $21.43 billion in 2022 at a compound annual growth rate (CAGR) of 34.9%. The destination wedding market is expected to grow to $64.01 billion in 2026 at a CAGR of 31.5%.
The types of seasons in destination weddings are high season, mid-season, low season, and mid-peak season. The high season refers to the months in which most weddings occur. The high season starts in the late winter and lasts till the end of summer. The main activities included in a destination wedding are accommodation services, food services, butler services, and other services. The functions that take place during the wedding include pre-wedding ceremonies, wedding ceremonies, receptions, bachelor's parties, and other types of functions. The venues of the destination wedding could be national or international wedding destinations. The channels of booking for these destinations will be through phone, online, and in-person booking.
North America was the largest region in the destination wedding market in 2021. The regions covered in the destination wedding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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 form of 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.
Eco-friendly weddings in natural locations have emerged as a key trend gaining popularity in the destination wedding market. 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.
In July 2021, Matrimony.com Ltd, an India-based wedding services provider, acquired ShaadiSaga for Rs.11 crore ( $ 1.410.87 Million). With this acquisition, matrimony.com aimed to expand its services in the north and west markets and become a market leader in the destination wedding space. Shadisaga.com is operated by Boatman Tech Pvt. Ltd, which is a wedding planning site providing a one-stop solution for planning and deciding venues and vendors for destination weddings.
Scope
Markets Covered:
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
Key Topics Covered:
1. Executive Summary
2. Destination Wedding Market Characteristics
3. Destination Wedding Market Trends And Strategies
4. Impact Of COVID-19 On Destination Wedding
5. Destination Wedding Market Size And Growth
6. Destination Wedding Market Segmentation
7. Destination Wedding Market Regional And Country Analysis
8. Asia-Pacific Destination Wedding Market
9. China Destination Wedding Market
10. India Destination Wedding Market
11. Japan Destination Wedding Market
12. Australia Destination Wedding Market
13. Indonesia Destination Wedding Market
14. South Korea Destination Wedding Market
15. Western Europe Destination Wedding Market
16. UK Destination Wedding Market
17. Germany Destination Wedding Market
18. France Destination Wedding Market
19. Eastern Europe Destination Wedding Market
20. Russia Destination Wedding Market
21. North America Destination Wedding Market
22. USA Destination Wedding Market
23. South America Destination Wedding Market
24. Brazil Destination Wedding Market
25. Middle East Destination Wedding Market
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
Companies Mentioned
- 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.
- Revel Events
For more information about this report visit https://www.researchandmarkets.com/r/3jofq
