From Longman Dictionary of Contemporary Englishhonoreehon‧o‧ree /ˌɒnəˈriː $ ˌɑːn-/ noun [countable] someone who receives an honour or award Guests clapped and cheered for the honorees.
Examples from the Corpus
honoree• Robert Townsend is the master of ceremonies for the event, and Halle Berry is an honoree.• Then, Hoppy stepped forward with a handshake and a hug for the honoree. 