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Destination Management Service Market Share

Report ID: GMI8625
Published Date: Mar 2024
Report Format: PDF

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Destination Management Service Market Share

PRA, Insight Vacations and Abercrombie & Kent hold a significant market share of over 16% in the destination management services industry. These companies specialize in offering comprehensive destination management solutions tailored to the needs of travelers, event planners, and organizations. Their expertise spans various aspects of destination management, including event planning, logistics coordination, accommodation arrangements, transportation services, and curated local experiences.

These companies have established strong relationships with hotels, venues, transportation providers, local attractions, and other stakeholders in destinations around the world. This network allows them to offer a wide range of options and ensure seamless experiences for their clients.

Destination Management Service Market Companies

Major companies operating in the destination management service industry are:

PRA
Abercrombie & Kent
Arabian Adventures
Destination Asia
DMC Network
Euromic
Global DMC
Insight Vacations
Ovation Global DMC
RMC

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of destination management service reached USD 8.5 billion in 2023 and is set to witness 6.4% CAGR between 2024 and 2032, due to the increasing trend of mergers & acquisitions among leading service providers.

The event management segment of destination management service industry accounted for over USD 3.6 billion in 2023 and is poised to exceed USD 5.4 billion by 2032, as organizers increasingly rely on destination management companies to coordinate logistical aspects such as venue selection.

Europe market was valued at 27% of the revenue share in 2023, attributed to sustainable and technologically advanced solutions, along with the rich history, diverse cultures, and picturesque landscapes of the region.

PRA, Abercrombie & Kent, Arabian Adventures, Destination Asia, DMC Network, Euromic, Global DMC, Insight Vacations, Ovation Global DMC, and RMC.