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TMC Upside shutting down due to Covid losses
Upside has become the latest victim of Covid’s impact on business travel. The Washington DC-based travel management firm is closing down. In a LinkedIn post announcing its demise it cited a virtual standstill in business travel and continued uncertainty over a recovery.
It was unable to raise additional capital to stem losses, CEO and co-founder Scott Case said. It will officially close for good on 24 September. The company was formed in 2016.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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