Size of the Market

Compared to regular vacays, couples are shelling out three times as much money. The market for destination weddings and honeymoons in the US alone has exceeded $25 billion. Consider all these components.

  • $12 billion+ U.S. Honeymoon Spending
  • $16 billion+ U.S. Destination Wedding Spending
  • $300 billion+ Global Wedding Industry Spending
  • $2.5 trillion+ Globally Luxury Travel Market by 2025

Meanwhile the market for apps is undeniably massive. It is estimated that the global number of smartphone users will rise to 3.5 billion over the course of 2020. In addition, there are more connected mobile devices globally (7.94 billion) than people, and nearly 90% of mobile internet time is spent in apps (emarketer). Most importantly, mobile users prefer apps to browsers. When we looked at the mobile industry research on time spent with 2.7 billion smartphone users, 90% of the total mobile time was spent on apps, and the average weekly time spent using travel apps was 19 minutes. (Source: BuildFire Statista 2021)

Selected Works

VIDEOProject type

01 (hero)Project type

About LOVUProject type

03 missionProject type

travel pain pointsProject type

05 For ConsumersProject type

07 For TAsProject type

08 Why NowProject type

09 Size of the marketProject type

10 CompetitionProject type

Value PropositionProject type

Growth PlanProject type

US Market SizeProject type

11 ConsumersProject type

13 Why TA participateProject type

how much lovu costProject type

15 SWOTProject type

16 How to get usersProject type

17 AskProject type

18 FoundersProject type