United Kingdom
United States
Asia Pacific
Lovell predicts more consolidation
GTMC Conference Special: Guild of Travel Management Companies chairman Richard Lovell has predicted smaller members will be swallowed up in a fresh wave of consolidation.
He told Travelmole at its annual conference the GTMC could lose between five and 10 travel management companies in the next couple of years although the market share of its members will continue to grow.
“About 10 years ago we had 50 members, there are now 35,” Lovell said. “In two years I can see that dropping to 25 or 30.
Consolidation will continue.”
He added that the role of the Guild has changed in recent times from a “vague” pledge to increase the business of its partners to an organisation which now provides accessibility and consultation with the industry.
Report by Steve Jones
Related News Stories:
Ginny McGrath
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Tricia Handley-Hughes of Inteletravel announces the location for the TravelQuest 2025 conference
Insights from James Ferrara on Inteletravel’s Growth and Future
Tricia Handley-Hughes on Inteletravel’s Growth and Challenges
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls