Plumeria spp.

frangipani

Clusters of bright pink flowers and vibrant green leaves of a frangipani tree, Plumeria, against a deep blue sky at The Botanic Gardens at Kona Kai Resort in Key Largo, Florida

Frangipani, or plumeria, is best known for its incredible flowers, which are to be found in an assortment of colors including reds, pinks, purples, oranges, yellows, and white. These flowers are commonly used in leis and bridal bouquets on islands throughout the Pacific; each year over 14 million blooms may be used for these purposes. Here's a great clip about lei making in Hawaii:

A desire exists for new and unusual cultivars and hybrids of frangipani, with tens of thousands of cuttings exported each year from Hawaii, selling for as high as $75 each.