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Honeymoon Tourism Market Analysis

  • Report ID: GMI11682
  • Published Date: Oct 2024
  • Report Format: PDF

Honeymoon Tourism Market Analysis

Based on age group, the market is segmented into below 25 years, 25-40 years and above 40 years. In 2023, the 25-40 years segment accounted for around 70% of the market share and is expected to exceed USD 130 billion by 2032. The 25-40 years segment dominates the market due to growing desire for unique experiences. Couples aged 25-40 are increasingly seeking unique honeymoon experiences that create lasting memories. They prefer packages with unconventional adventures, cultural activities, and unique accommodations.
 

Activities such as wildlife safaris, hot air balloon rides, and culinary tours appeal to them, making their honeymoon special. Also, social media platforms such as Instagram and TikTok heavily influence their travel decisions by showcasing dream destinations. The desire to capture and share picturesque moments drives them to choose visually appealing locations, making Instagrammable destinations more attractive to this age group.
 

Honeymoon Tourism Market Share, By Experience, 2023

Based on experience, the honeymoon tourism market is divided into beach honeymoon, eco-friendly honeymoon, adventure honeymoon, cruise honeymoon, cultural honeymoon, road trip honeymoon and others. The beach honeymoon segment held around 30% of the market share in 2023 due to several key factors. Beach destinations are popular for couples seeking relaxation after wedding planning.
 

The soothing waves, sandy beaches, and beautiful sunsets create a perfect setting for bonding and recharging. This need for tranquility drives demand for beach honeymoon packages, especially at all-inclusive resorts with spa services, beachside dining, and private accommodations. Additionally, beach destinations offer various activities including water sports such as snorkeling, scuba diving and paddleboarding. This mix of adventure and relaxation appeals to a wide audience, making beach honeymoons highly attractive.
 

North America Honeymoon Tourism Market Size, 2022 -2032, (USD Billion)

North America region accounted for a honeymoon tourism market share of over 33% in 2023 and is expected to exceed USD 55 billion by 2032, due to presence of variety of honeymoon destinations, from Hawaii's tropical beaches to the Rocky and Smoky Mountains' scenic retreats. This diversity allows couples to choose settings that match their preferences, whether for relaxation, adventure, or cultural experiences.
 

The region's varied climates and landscapes attract honeymooners seeking unique experiences. National parks including Yellowstone and Yosemite and mountain ranges such as the Rockies and Appalachians provide numerous outdoor activities. Adventure-themed honeymoons, which strengthen bonds and create lasting memories, drive honeymoon tourism in North America.
 

Europe honeymoon tourism market is expected to witness a significant growth during the forecast period. The region is top choice for honeymooners due to its romantic charm and rich history. Cities such as Paris, Venice, and Santorini, with their stunning architecture and cultural heritage, attract couples. Europe's proximity of countries allows for multi-destination trips, enhancing the honeymoon experience. An efficient transportation network, including trains, buses, and budget airlines, makes travel between cities easy. This is expected to drive the growth of market during the forecast period.
 

The Asia Pacific region is becoming a popular honeymoon destination, led by countries such as Thailand, Indonesia, and the Maldives. These places offer beautiful landscapes, rich cultures, and unique experiences such as wellness retreats and adventure sports. The appeal of these exotic locations drives honeymoon tourism market growth. Additionally, honeymooning in the Asia Pacific is often more affordable than in Western destinations, providing luxury accommodations and activities at lower costs. This value for money attracts budget-conscious couples and those looking to enhance their honeymoon experience, boosting the region's market.

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of honeymoon tourism reached USD 121.3 billion in 2023 and is projected to grow at a CAGR of 6.1% between 2024 and 2032, driven by the rising disposable income among couples.

The 25-40 years age group dominated the market in 2023, accounting for around 70% of the market share. This segment is expected to exceed USD 130 billion by 2032.

The beach honeymoon segment held around 30% of the market share in 2023.

The North America market accounted for over 33% of the market share in 2023 and is expected to exceed USD 55 billion by 2032.

Major players include Abercrombie & Kent, Airbnb, Booking.com, Expedia, Inc., Flight Centre Travel Group Limited, MakeMyTrip Limited, Marriott International Inc., Royal Caribbean International, Sandals Resorts, and Thomascook.in.

Honeymoon Tourism Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 280
  • Countries covered: 21
  • Pages: 220
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