The phrase "honored guest" means someone who is given special respect and treated with great courtesy and recognition during an event or gathering. Full definition
In order to honor each guest experience, late arrivals will receive only the remaining time of their appointment. (hoteldel.com)
Rather it means welcoming yourself as the most honored guest in your own heart, a guest worthy of respect, a lovable companion. (rookiemoms.com)
Other honored guests at the event were Lt. Col. Ralph E. Taylor, Jr., Deputy Commander, 628th Mission Support Group and Staff Sergeant Jonathan Garrett, Military Working Dog Handler, 628th Security Forces Squadron. (carolinatails.org)