However, in less formal settings, such as casual parties or gatherings, the phrase "Do you wish to dance" might sound overly formal or even humorous. In these cases, more informal variations like "Would you like to dance?" or "Fancy a dance?" are more commonly used.
Therefore, the formality of the phrase "Do you wish to dance" depends on the context in which it is used. In formal social settings, it is considered appropriate and respectful, while in more casual situations, it may sound too formal or even humorous.