MacNair Travel Management/American Express said its Honeymoon Division experienced a 15 percent growth in honeymoons and romantic travel in 2005. MacNair Travel's President and CEO Michael MacNair said one reason is that honeymooners spend more than the typical traveler. "Reports from The Travel Institute show that honeymoons are an $8 billion industry and the average honeymoon costs $3,719," he said. According to the Honeymoon Market Report, the average honeymoon costs 170 percent more than the honeymooner's last vacation—and 300 percent more than the U.S. vacation average. Currently, 40 percent of MacNair's vacation business is honeymoon and romantic travel.
