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Honeymoon Tourism Market Share

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

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Honeymoon Tourism Market Share

Marriott International Inc. and Booking.com collectively held a market share of around 6% in the honeymoon tourism industry in 2023. Marriott focuses on offering exclusive honeymoon packages with luxury stays, gourmet dining, spa treatments, and romantic outings. By partnering with local vendors, Marriott creates personalized experiences, making it a preferred choice for unforgettable honeymoons.

Booking.com collaborates with local tour operators to provide honeymooners with discounts on romantic dinners, couples’ massages, and adventure activities. This added value attracts couples looking to enhance their honeymoon. The company also launches seasonal promotions during peak wedding times, offering discounts on select destinations and accommodations.

Honeymoon Tourism Market Companies

Major players operating in the honeymoon tourism industry are:

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

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.