DMC Evolution

By MajoRaleigh
  • The beginning

    The beginning

    All the meetings hosts were called ground handlers
  • DMC was coined in the USA

    DMC was coined in the USA

    by Phil Lee in order to describe companies that played as local destination and logistics experts.
  • Coming of age

    Coming of age

    Destination management companies flourished and DMCP (Destination Management Certified Profesional) appeared
  • Period: to

    Recession

    More companies were competing for fewer dollars, suppliers began to offer services and organizations cut their budgets.
  • Consolidation

    Consolidation

    Due to the institutional investment and venture capital the destination management expanded and only the strongest survived.
  • Financial crisis

    Financial crisis

    Gross Domestic Product decreased 10%, many DMC struggled to stay afloat and some of them had to close.
  • Globalization on the rise

    Globalization on the rise

    DMC were considered Global Parter (local companies that i can trust). Clients started to prefer locally owned and operated DMC.