NEWARK, Del., Sept. 27, 2022 (GLOBE NEWSWIRE) — As per Future Market Insights (FMI), the demand in Europe destination wedding market is expected to rise at 10.4% CAGR during the forecast period (2022-2032). Sales in the market are projected to reach a valuation of US$ 29,672 Mn by 2032. With rising preference for international and customized wedding, growth in the market is poised to expand by 2x over the upcoming decade.
Key factor propelling the growth in the market is rising preference among couples planning the destination wedding to get an opportunity to spend with their dearest ones along with their wedding. The concept allows them to have a good time together before and after the ceremony.
The destination wedding organizers take care of all the bookings right from ticket booking to organizing an event along with various other aspects such as food, accommodation, clothing and others. In addition, the destination wedding planners focus on consumer behavior and preference and assist at every step throughout the wedding. The planners try to provide the hazel free experience throughout the journey. Therefore, couples opt for destination weddings.
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Key Takeaways from the Europe Destination Wedding Market Study
- In terms of guest capacity, 100 & above guest capacity in the European destination wedding market holds a share of 66% in the overall market.
- Based on inclusion & activity, the food service holds a significant share of 39% of the overall European destination wedding market.
- By famous destinations, Italy is the most preferable destination with 17% of the market share, followed by Santorini.
- Based on booking channel, in person booking segment is expected to witness fastest growth over the coming decade
“European destination wedding planners are formulating strategies for the expansion of their event line to cater to all types of wedding events. Key players are focusing on innovation in wedding plans to make them more special, customizable, budget-friendly, and enhance the experience of couples.” Says an FMI analyst.
Who is winning?
Leading manufacturers of Europe destination wedding are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of Europe destination wedding market globally.
Major players present in the Europe destination wedding market are White Eden Weddings, FiestaSol, Tropical Wedding & Honeymoon, Magical Weddings, Sparkles & Bubbles, All Things Beautiful, Planned for Perfection, Peach Perfect Weddings, The Wedding Travel Company, LM Wedding Planner, Jennifer Fox Weddings, W Day, The Destination Wedding, Wedding Planner Roma & Studio Brzak Events, among others.
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Europe Destination Wedding Market by Category
By Guest Capacity:
- Below 100 Guests
- 100 & Above
- High Season
- Low Season
- Mid-Peak Season
By Inclusion and Activity:
- Accommodation Services
- Food Service
- Butler Services
- Other Services
By Types of Functions:
- Pre-Wedding Ceremonies
- Wedding Ceremonies
- Bachelor’s Party
- Other Types of Functions
By Booking Channel:
- Phone Booking
- Online Booking
- In Person Booking
- Amalfi Coast
- United Kingdom
- Rest of Europe
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Table of Contents
1. Executive Summary
1.1. European Market Outlook
1.1.1. Who Is Traveling?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism to GDP
1.1.4. Direct Contribution of Tourism to Employment
1.2. Summary of Key Findings
1.3. Summary of Key statistics
1.4. FMI Analysis and Recommendations
2. Market Introduction
2.1. Total Spending (US$ Mn) and Forecast (2022-2032)
2.2. Number of Tourists (Mn) and Forecast (2022-2032)
2.3. Total Spending YoY Growth Projections (2022-2032)
2.4. Number of Tourists YoY Growth Projections
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.1.1. Availability of Well Facilitated Wedding Destinations
3.1.2. Great Availability of Cultural, Spiritual and Heritage Locations
3.1.3. Increasing Trends of Customized Wedding Tour Packages
3.1.4. High Demand for Eco-friendly Destination Wedding
3.1.5. Additional Events Specific to the Surroundings
3.1.6. Ability to Find Destinations with Perfect Weather
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