Destination Weddings & Honeymoons 2009 Media Kit

the wedding market may be recession-proof: “More than 2.3 million couples will tie the knot (up more than 100,000 from 2007), and wedding spending will increase to approximately $70 billion.” “More couples are looking to create a unique wedding experience for family and friends by taking their events on the road. Resorts and other wedding venues in exotic locales stand to gain the most from the move toward so-called destination weddings.” “Newlywed experiences are a growing part of the $14 billion gift-registry business. Couples are branching out their registries beyond the traditional kitchen gadgets and inviting their guests to pay for everything from hot-air balloon rides to horseback riding on their honeymoons.” Source: Kiplinger’s April 2008 destination Weddings: $13 Billion market • Total U.S. destination-wedding spending is expected to grow at an annual average rate of 14 percent. • Resorts in top destinations are offering venues and services to meet the need of the growing demand for larger, more traditional weddings. • From 2001 to 2006, destination-wedding spending grew by 318 percent at constant prices, from $3 billion to nearly $10 billion. $20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 destination-Wedding Spending History & Forecast (billions) $18 billion $16 billion $13 billion 2006 2007 2008 2009 2010 2011 Destination Weddings – US – May 2007, Mintel International Group Limited

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