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Leisure activities become important. -
The term “destination management company” was coined in the U.S. -
Destination management companies flourished, further expanding their roles in the meeting, convention and incentive travel industry. -
Aggressive national expansion of the destination management business through institutional investment and venture capital. -
Many DMCs and event planning companies struggled to stay afloat, and some were forced to permanently close their doors. -
The world prefers to work with locally owned and operated DMCs.