What do you call people who have been invited to an event?

Solution 1:

How about Dear Friend?

friend

: a person who gives assistance; patron; supporter. Random House

: (used as a polite form of address or in ironic reference) an acquaintance or a stranger one comes across. OED

Solution 2:

Invitee or attendee would work, but these are very formal and impersonal. This is a case to use mail merge and personalize the message.

Solution 3:

How about Dear prospective guest?