DMC´s Evolution

By noelmartii

  • The Beginning

    The Beginning
    During the 1960´s a new business was born called "ground operators". Also "ground handler" becomes essential in the touristic industry

  • The term DMC was coined in USA

    The term DMC was coined in USA
    Phil Lee coined the term "DMC"

  • Economic Boom

    Destination Management Companies (DMCs) were popping up everywhere, bringing fierce competition to many markets

  • Recession

    During the recession more companies were competing for fewer dollars

  • National Expansion

    Destination management business expanded through institutional investment and venture capital

  • Perfect Storm

    Perfect Storm
    DMCs and event planning companies struggled to stay afloat

  • Local DMCs

    Local DMCs
    Clients have reported that they prefer to collaborate with national companies