Weddings in India are not just social and cultural celebrations but also significant economic opportunities. The demand for wedding resorts is continuously on the rise. With this growing demand, wedding resort businesses have emerged as a new trend in the real estate sector.
Couples look for theme-based destination weddings, luxury resorts, and personalized services to make their weddings unforgettable. Approximately 10 million weddings take place in India every year, and 15-20% of them are organized as destination weddings. Goa, Jaipur, Udaipur, Kerala, and Himachal Pradesh are becoming popular wedding venues.
Wedding resorts are venues capable of managing the entire wedding event under one roof. They provide luxury accommodations, large banquet halls, themed decorations, catering services, and entertainment facilities. These resorts not only cater to the convenience of the families of the couple but also present lucrative opportunities for real estate investors.
The wedding resorts segment is emerging as a promising niche in the real estate sector. In addition to traditional residential and commercial properties, investment in destination wedding resorts is becoming increasingly attractive to investors.
Revenue per event at wedding resorts is significantly high. A typical destination wedding can cost between 5 million to 50 million rupees, with resorts charging a substantial portion of this amount. Wedding season in India (November-February) is the busiest time, but corporate events, family gatherings, and tourism sustain resort activity during the off-season.
Real estate developers are no longer confined to residential or office projects. Projects like wedding resorts diversify their portfolio.
A Royal Wedding Opportunity in Rajasthan
Resorts like the Taj Lake Palace and Oberoi Udaivilas in Udaipur have given a new dimension to destination weddings. These resorts generate millions in revenue annually.
Similarly, Jaipur also draws people’s attention, with reports indicating that 1.5 to 2 million weddings take place here annually, making it a famous wedding destination. The demand for high-quality resorts is continuously increasing in Jaipur, boosting its real estate sector. There’s a growing demand for properties here, as investors see opportunities for higher returns.
Goa resorts such as Grand Hyatt and Taj Exotica are known for beach-themed weddings, attracting international tourists.
Due to its proximity to Delhi, Rishikesh is a preferred destination for weddings. Resorts catering to various budgets, from luxury to medium-range, are available here. Arrangements for about 100 guests can be made for around 500,000 to 1,000,000 rupees.
Indian real estate is anticipated to reach 1 trillion USD by 2030, with theme-based projects like wedding resorts playing a crucial role. Government policies promoting tourism and infrastructure are making this segment even more appealing. The rise of digital marketing and global tourism is also increasing demand for foreign destination weddings.
