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 Million 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 plan the destination wedding to get an opportunity to spend with their dearest ones along with their wedding. The concept allows them to have 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 wedding.
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Key Takeaways from the Europe Destination Wedding Market Study
- In terms of guest capacity, 100 & above guest capacity in the Europe 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 Europe 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 upcoming decade
“Europe 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.
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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.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global Europe destination wedding market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Europe destination wedding market based on guest capacity (below 100 guests and 100 & above), season (high season, mid-season, low season, and mid-peak season), inclusion and activity (accommodation services, food service, butler services, and other services), types of functions (pre-wedding ceremonies, wedding ceremonies, reception, bachelor’s party, and other types of functions), nationality (domestic and international), booking channel (phone booking, online booking, and in-person booking), destination (Italy, Porto, Paris, Amalfi Coast, Edinburgh, Santorini, Mallorca, Venice, Corfu, and Dubrovnik), and country (Germany, France, United Kingdom, Austria, Switzerland, Poland, and Rest of Europe).
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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