The Destination Wedding business in China reached a valuation of US$ 3,059.9 million in 2022. Demand for Destination Wedding Services in China recorded a y-o-y growth of 14.4% in 2022.
The business is expected to reach US$ 3,499.0 million in 2023. By 2033, China’s destination wedding space is projected to exhibit a 14.1% CAGR. It is estimated to reach a total valuation of US$ 13,074.6 million by 2033.
Attributes | Key Insights |
---|---|
China Destination Wedding Business Size (2022A) | US$ 3,059.9 million |
China Destination Wedding Business Estimated Value (2023E) | US$ 3,499.0 million |
China Destination Wedding Business Projected Value (2033F) | US$ 13,074.6 million |
China Destination Wedding Business Value-based CAGR (2023 to 2033) | 14.1% |
The space for destination weddings in China is anticipated to expand rapidly during the forecast period due to several factors. These include increasing exposure to Western culture and changing social values and attitudes toward marriage. Further, as more and more couples utilize social media to share their engagement and wedding preparation experiences, destination weddings are becoming immensely popular, thereby pushing the business.
Spouses in China would become more self-reliable, and they would search for opportunities to manifest their idiosyncrasies at marriage celebrations. This is where a destination wedding comes in since it provides an opportunity for couples to tie the knot in a place that holds meaning to them and aligns with their interests. These trends suggest that China remains a popular wedding destination for couples.
Partnerships and collaborations in the business landscape have also fueled growth. Collaborations between hotels, resorts, and wedding planners, as well as joint ventures with well-known wedding service providers, broaden the range of wedding services. These would provide clients with more alternatives and knowledge, which is set to promote the destination wedding business in China.
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The demand for destination wedding services in China expanded at a CAGR of 2.5% during the historical period from 2018 to 2022. New trends and chances for advancements are continually emerging in the field.
Destination weddings have recently gained high popularity in China. Future destination weddings in the country will be even more varied, with couples looking for a wide range of options, such as opulent resorts, quaint venues, and unusual off-the-beaten-path places. Couples will also be searching for unique offers that fit within their budgets.
The wedding business has changed significantly. Individuals now want small, private destination weddings in far-off places that emphasize building cherished gatherings over a number of days. As a result, it is anticipated that the China destination wedding business will expand at a projected 14.1% CAGR throughout the course of the forecast period.
Several couples in China choose outdoor locations with picturesque settings, such as riverbanks, vineyards, gardens, and historical sites. Celebrity weddings, both domestic and global, have had an important impact on China's destination wedding business. Couples often seek to emulate the styles and wedding locations of celebrities.
With the growing scale and complexity of destination weddings, the demand for specialized wedding planning services is also increasing. Expertise in managing international wedding logistics has become important. Couples in China place great importance on professional videography and photography to capture recollections of their destination wedding. High-quality visual documentation is considered vital.
Modern couples have also chosen locations with historical or cultural significance, incorporating local civilizations and landmarks into their weddings. A handful of them have chosen to have a wellness-focused destination wedding.
Such weddings have a combination of carnival with activities such as spa experiences, yoga retreats, and adventure travel. The use of technology, comprising virtual venue tours, live streaming of ceremonies for remote guests, and social media for sharing and planning, is becoming increasingly popular.
The table below provides the latest trends observed in the China destination wedding space, growth obstacles, and upcoming opportunities. Business strategies for pushing destination wedding demand in China would enable stakeholders to invest in the right area and gain profit.
Attributes | Key Factors |
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Latest Trends |
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Upcoming Opportunities |
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Challenges |
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Influence of Celebrity Weddings Augmenting Growth
Celebrity weddings have been instrumental in driving the growth of China's destination wedding business. Their choice of exotic locations serves as an inspiration for their followers. This influence is particularly notable among millennials in China, known for their independent and adventurous spirit, setting them apart from earlier generations.
The prominence of celebrity weddings has also significantly elevated the status of destination weddings in China. A notable example is the 2016 wedding of Taiwan-based pop star Jay Chou and China’s renowned actress Hannah Quinlivan at Selby Abbey in Yorkshire, England.
Their wedding received extensive coverage in the media across China. This high-profile event was perceived as a symbol of prestige and elegance, consequently fueling the expansion of China’s destination wedding business.
Exposure to Destination Weddings through Social Media Fueling Growth
The growth of China's destination wedding business has been significantly spurred by social media. By showcasing its offerings and igniting interest in the concept of a destination wedding, it acts as a powerful platform for wedding planners and locations to interact with potential couples. Social media is becoming a popular wedding preparation tool among modern couples in China.
Social media is being used more frequently by couples to organize their weddings. According to a poll conducted by the China Wedding Industry Association in 2023, around 83% of couples in the country look for wedding inspiration, locations, and suppliers on social media. Social media has positively impacted the China destination wedding business, which is anticipated to develop over the forecast years.
Supportive Government Policies and Infrastructural Development Driving Demand
The government of China introduced a series of financial incentives for businesses venturing into the destination wedding space. They aim to spur new investments and foster the growth of additional wedding venues and related services. In conjunction, they streamlined the visa processes for international visitors coming to China for destination weddings, augmenting the planning process for couples worldwide.
Substantial investments were allocated to improve infrastructure, facilitating easier access for couples and their guests to these wedding locations. This involved enhancements in transportation hubs, including airports, roads, and railways.
The government also focused on augmenting the tourism infrastructure, including the construction of new hotels, resorts, and diverse wedding venues. This strategy is expected to help broaden the array of choices available for couples planning their destination weddings.
The table below highlights the demand for destination wedding services in China by service type and season. Under service type, the wedding planning segment will likely remain dominant in the assessment period with a CAGR of 6.1%. The high season segment, while smaller, is set to showcase a significant CAGR of 7.3% through 2033 in the field of destination weddings in China.
Segment | Value-based CAGR |
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Wedding Planning (Service Type) | 6.1% |
High Season (Season) | 7.3% |
Luxurious Wedding (Target Segment) | 7.9% |
The luxurious wedding segment is anticipated to rise at a CAGR of 7.9% during the projection period. Couples in China are likely to choose expensive, spectacular weddings as these are perceived as a symbol of social status and wealth.
It mainly holds significance in China’s culture, where the concept of ‘face’ holds importance. As deposable income in China increases, there is a growing inclination toward spending on high-end experiences and services, including luxury destination weddings.
Weddings are considered the most important ceremonies in China, involving huge celebrations. Opting for a luxurious destination wedding allows couples to combine traditional customs with a modern, opulent experience, creating unforgettable memories for themselves.
In China’s destination wedding business, the wedding planning segment is anticipated to expand prominently with a CAGR of 6.1% during the estimated time frame. Couples often choose a wedding planner who can help them manage the entire wedding ceremony in a hassle-free way, which would drive demand.
Couples often look for a wedding planner who can help them provide full service, including venue selection, accommodation, and transportation, among others. They also want to relax and enjoy their big day without having to worry about any wedding service. Weeding planners can help couples make their wedding memorable by providing unique and personalized services according to their needs.
Couples often plan their weddings when the weather is mild and pleasant in most parts of the country. As a result, the high-season segment is expected to lead the China destination wedding business in the forecast period. The segment will likely expand at a CAGR of 7.3% from 2023 to 2033.
The high season is often seen to be the ideal time to travel to China, as the weather is generally mild and sunny. This makes it easier for couples and their guests to travel. Couples often choose to get married during the long holidays that fall during this time of year, making the high season popular among them for destination weddings in China.
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The China destination wedding business has a fragmented landscape, with a sizable number of providers competing on the basis of diverse services and packages. They are working with well-known wedding planners. Leading companies are also collaborating and forming partnerships in an effort to draw in more clients and give customers access to a wide variety of options and expertise.
For instance
Attribute | Details |
---|---|
Estimated China Destination Wedding Business Revenue (2023) | US$ 3,499.0 million |
Projected China Destination Wedding Business Revenue (2033) | US$ 13,074.6 million |
Value-based CAGR (2023 to 2033) | 14.1% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Sales Analysis | US$ million/billion for Value |
Key Countries Covered |
China |
Key Segments Covered | Wedding Type, Service Type, Target Segment, Season, Organization of Stay, Guest Capacity |
Key Companies Profiled | Lovebird Weddings; Say I Do Weddings; My Wedding Planner China; 77 Destinations; The Knotty Ones; Wanda Hotels & Resorts; InterContinental Hotels Group; Hilton Hotels & Resorts; Marriott International; Hyatt Hotels Corporation; MyWed; OneWed; WeddingWire China; Wedding Asia; Others (as requested) |
Report Coverage | Forecast, Company Share Analysis, Competition Intelligence, Dynamics and Challenges, and Strategic Growth Initiatives |
The business is anticipated to reach a valuation of US$ 3,499.0 million in 2023.
The luxurious wedding segment is projected to hold the dominant share.
The business is predicted to reach US$ 13,074.6 million by 2033.
The China destination wedding business grew at a 2.5% CAGR by 2022.
The top 3 players operating are Lovebird Weddings, Say I Do Weddings and 77 Destinations.
1. Executive Summary
1.1.Business Outlook
1.1.1. Who Is Travelling?
1.1.2. Travel Gross Bookings
1.1.3. Travel Gross Revenue
1.1.4. How Much Do They Spend?
1.2. Evolution Analysis
1.3. Future Market Insights (FMI) Analysis and Recommendations
2. Growth Parameters
2.1. Emphasis On Personalized Experiences
2.2. Convenience and Accessibility Authentic Local Fusion Food Experiences
2.3. Social Media Influence
2.4. Better Group Travel Incentives
3. Supply to Demand: Today Travel Distribution Network
3.1. Direct v/s Indirect Distribution
3.2. Travel Gross Revenues, by Channel, 2022
3.2.1. Supplier Direct
3.2.2. TMC
3.2.3. Tour Operator
3.2.4. OTA
4. Type
4.1. Total Supplier Business, Share by Segment (%), 2022
4.1.1. Beach
4.1.2. Mountain
4.1.3. Vineyard
4.1.4. Castle
4.1.5. City
4.1.6. Island
4.1.7. Cultural
5. Service Type
5.1. Planning
5.2. Venue Selection
5.3. Catering
5.4. Photography
5.5. Decor
5.6. Entertainment
5.7. Transportation
6. Target Segment 2022
6.1. By Target Segment
6.1.1. Small
6.1.2. Luxurious
6.1.3. Themed
6.2. By Season
6.2.1. High Season
6.2.2. Mid-Season
6.2.3. Low Season
6.2.4. Mid-peak Season
6.3. By Organization of Stay
6.3.1. Package
6.3.2. Non Package
6.4. By Guest Capacity
6.4.1. Above 100
6.4.2. Below 100
7. Gross Revenue
7.1. Gross Revenue (US$ million) and Forecast (2023 to 2033)
7.2. Target Sales and Forecast (2023 to 2033)
7.3. Total Spending Y-o-Y Growth Projections (2023 to 2033)
7.4. Number of Tourists Y-o-Y Growth Projections
8. Challenges and Looking Forward
8.1. Success Stories: Case Studies
8.2. Future Market Insights (FMI) Recommendations
9. Stakeholders Landscape-Key Direct Suppliers
9.1. Planning
9.1.1. Top Players
9.1.2. Concentration
9.1.3. Share
9.2. Venue Selection
9.2.1. Top Players
9.2.2. Concentration
9.2.3. Share
9.3. Catering
9.3.1. Top Players
9.3.2. Concentration
9.3.3. Share
9.4. Photography
9.4.1. Top Players
9.4.2. Concentration
9.4.3. Share
9.5. Decor
9.5.1. Top Players
9.5.2. Concentration
9.5.3. Share
9.6. Entertainment
9.6.1. Top Players
9.6.2. Concentration
9.6.3. Share
9.7. Transportation
9.7.1. Top Players
9.7.2. Concentration
9.7.3. Share
10. Social Media Sentimental Analysis
10.1. Travel Influencers: A new Phenomenon in the world of Tourism
10.2. Social Media Platforms Preferred
10.3. Trending #Hashtags
10.4. Social Media Platform Mentions (% of Total Mentions)
10.5. Trending Subject Titles
11. Assumptions and Acronyms Used
12. Research Methodology
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