DMC Survey: Revenues Up, Profits Squeezed

While a majority of destination management companies expect revenues to increase in 2007, many don’t expect to see a rise in profits, according to Global Event Partners’ annual survey of its worldwide consortium of more than 70 DMCs.

More than 90 percent of respondents believe that revenues from corporate events will increase or stay the same in 2007 compared to 2006. However, roughly half say that profits will be “squeezed” as corporate meeting planner clients demand a greater return

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