Latest news with #SingaporeTourism
The Standard
7 days ago
- The Standard
Singapore launches US$8 billion Marina Bay Sands expansion, eyes global luxury market
People walk across the Jubilee Bridge in front of the Marina Bay Sands hotels and resorts in Singapore on June 10, 2025. (Photo by Roslan RAHMAN / AFP)
Yahoo
24-06-2025
- Business
- Yahoo
Destination Weddings Market Report 2025: Analysis of Emerging Opportunities and Challenges for the $47.7 Billion Industry
Key trends like eco-friendly weddings and international marriages are shaping the future. Sparkles & Bubbles Weddings, Tropical Wedding & Honeymoon, Vivaah Weddings, Revel Events Weddings, and the Wedding Travel Company lead the competitive landscape. Destination Wedding Market Dublin, June 24, 2025 (GLOBE NEWSWIRE) -- The "Destination Wedding Market Report 2025" has been added to destination wedding market size has grown exponentially in recent years. It will grow from $36.22 billion in 2024 to $47.69 billion in 2025 at a compound annual growth rate (CAGR) of 31.7%. The growth in the historic period can be attributed to desire for unique experiences, increased affordability of travel, social media influence, rise in wedding tourism, cultural and exotic appeal. North America was the largest region in the destination wedding market share in 2024. The destination wedding market size is expected to see exponential growth in the next few years. It will grow to $137.16 billion in 2029 at a compound annual growth rate (CAGR) of 30.2%. The growth in the forecast period can be attributed to continued desire for exclusivity, expansion of destination options, shift toward intimate gatherings, increased focus on sustainability, global economic recovery. Major trends in the forecast period include health and safety measures, personalization through technology, all-inclusive wedding packages, culinary experiences and local cuisine, collaboration with local wedding increasing influence of social media is anticipated to boost the growth of the destination wedding market in the coming years. For instance, a report by We Are Social Ltd, a UK-based social media creativity and analytics firm, revealed in January 2024 that social media user identities grew by 5.6 percent over the past year, with 266 million new users joining social media for the first time throughout 2023. Thus, the rising penetration of social media is fueling the growth of the destination wedding escalating number of international marriages is expected to drive growth in the destination wedding market. The Korea Times reported a 27.2% year-on-year increase in international weddings in 2022. This upward trend in international marriages fosters the growth of destination weddings as a preferred choice among couples crossing borders for matrimonial weddings in natural locations gain traction in the destination wedding market. For instance, according to a 2022 real weddings survey by Theknot, a US-based wedding planning company, 70% of couples agreed if they planned to have a marriage in 2022 to include environment-friendly activities and decor such as buying second-hand or up-cycled items, using recycled paper items, and minimizing the use of single-use plastic. One-third of the couples believed that the vendors should be more proactive in providing eco-friendly February 2023, the Singapore Tourism Board partnered with WeddingSutra to position Singapore as a premier destination for high-end weddings. The collaboration facilitated informative discussions and networking opportunities, highlighting Singapore's unique venues and luxurious offerings to key players in the wedding August 2024, The Knot Worldwide, a wedding planning company based in the U.S., acquired Simply Eloped for an undisclosed amount. This acquisition aims to enhance The Knot Worldwide's offerings in the realm of intimate weddings, allowing the company to better cater to the increasing demand for personalized experiences. Simply Eloped specializes in elopements and intimate destination weddings within the U.S. Report Scope Markets Covered:1) By Function: Pre-Wedding Ceremonies; Wedding Ceremonies; Reception; Other Functions2) By Inclusion and Activity: Accommodation Services; Food Service; Butler Services; Other Services3) By Season: High Season; Mid-Season; Low Season; Mid-Peak Season4) By Venues: National; International5) By Booking Channel: Phone Booking; Online Booking; in Person BookingSubsegments:1) By Pre-Wedding Ceremonies: Engagement Parties; Rehearsal Dinners; Bridal Showers; Bachelorette or Bachelor Parties2) By Wedding Ceremonies: Traditional Ceremonies; Cultural or Themed Ceremonies; Beach Weddings; Outdoor Weddings3) By Reception: Formal Receptions; Casual Celebrations; Destination Parties; After-Parties4) By Other Functions: Post-Wedding Brunches; Anniversary Celebrations; Family GatheringsKey Companies Profiled: Sparkles & Bubbles Weddings; Tropical Wedding & Honeymoon; Vivaah Weddings; Revel Events Weddings; the Wedding Travel CompanyRegions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; SpainTime Series: Five years historic and ten years Ratios of market size and growth to related markets, GDP proportions, expenditure per Segmentation: Country and regional historic and forecast data, market share of competitors, market Attributes Report Attribute Details No. of Pages 200 Forecast Period 2025-2029 Estimated Market Value (USD) in 2025 $47.69 Billion Forecasted Market Value (USD) by 2029 $137.16 Billion Compound Annual Growth Rate 30.2% Regions Covered Global Companies Featured Sparkles & Bubbles Weddings Tropical Wedding & Honeymoon Vivaah Weddings Revel Events Weddings The Wedding Travel Company ALL THINGS BEAUTIFUL Weddings Peach Perfect Weddings The Destination Wedding Wedding Planner Roma Jennifer Fox Weddings Sandals Resorts The Knot Magical Weddings WeddingWire Lomas Travel Exquisite Vacations Inc. LUXE Destination Weddings Brides by Liza Perfect Weddings Abroad White Eden Weddings Fiestasol Weddings LM Wedding Planner Studio Brzak Events Planned For Perfection Weddings BAQAA Glamour Weddings & Events The Big Night Weddings Shehnaiyan Weddings Impressario Inc. Weddings Signature Wedding Details Honeymoons Inc. Iberostar Hotels & Resorts Karisma Hotels & Resorts Hard Rock Hotels Palace Resorts Dreams Resorts & Spas I Do! Wedding & Events BaliVIP Weddings Wedding Italy My Wedding Away Jamaica Wedding DJ Wedding Destinations The Bridal Consultant For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Destination Wedding Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
