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Beginning
Creation of “Ground handler”. These were companies that offered basic services. -
DMC was coined in EUA
The term DMC was coined and these were able to custom parties or specific events as it was an expert company. -
Coming of age
During the economic boom, DMC’s had their expansion as they had a bigger role in the travel industry. -
Period: to
Recession
A lot of DMCs appeared, so the competition was bigger and even companies like hotels were offering services like a DMC. -
Consolidation
Only the strongest companies survived and the face of destination management changed. -
Period: to
Globalization on the rise
Nowadays everything has changed and the travel industry has improved since people prefer to work with more than one DMC. -
Financial crisis
GDPS- A lot of companies struggled to stay afloat.