Pegged at $40 to $50 billion, the Indian wedding industry is the second largest market in the world after the USA, revealed Rajeev Jain, Founder and Director, Rashi Entertainment at the 5th Travel Wedding Show, held recently at Jaipur Marriott Hotel. The event witnessed over 2000 B2B meetings between exhibitors and buyers spread across two days. Speaking on trends in the wedding industry, Jain said, “The global wedding industry is pegged at $300 billion. As far as international destination weddings are concerned, the most wanted destination initially was Thailand but now people are venturing to Turkey, UAE, Cyprus, Mauritius, Macau, Malta, Sri Lanka, Bali, London, among other new destinations.”
A panel discussion was held on ‘Destination Weddings: An overview, India v/s International.’ Moderated by Jain, the session’s panelists included H Deniz Ersoz, Culture & Tourism Counsellor, Turkish Embassy, New Delhi; Hemant Mediratta, Senior Vice President – Sales, Oberoi Hotels & Resorts; Saurabh Bhargava, AVP Sales, Indian Hotels Company; Shampa Dhali, Area Director, National Sales – India, Marriott International and Abinash Manghani, Area Manager and Head Travel, ITC Hotels.
A knowledge book titled ‘An Insight on Weddings in India & abroad’ was also released on the occasion.