DMC is an acronym that stands for Destination Management Company. A DMC is a third party firm that is hired to provide professional services for the planning and implementation of incentives, meetings, conferences and events for incoming groups to a destination such as Bogotá. A DMC has in-depth local knowledge of the area and/or region they represent, and is a highly specialized consultant for practically every aspect of event programming. Their services can include transportation, hotel accommodation, restaurants, activities, excursions, venue selection, themed events, gala dinners, meetings and creative incentive schemes as well as helping with overcoming language barriers. DMCs are able to provide preferential rates based on the buying power they have with their preferred suppliers. While a DMC maintains relationships with all hospitality-related services in their area, the firm’s primary customer is the organization planning the event.
Benefits of Using a DMC
- You save money. DMCs’ have the ability to negotiate rates and terms where possible to provide the highest quality of service in the most cost-effective manner.
- You save time. A full proposal that includes costs for consideration will be ready within forty-eight hours of contacting a DMC with an enquiry to their destination. Months of research is no longer needed.
- You make more informed decisions. DMCs’ have an abundant knowledge of their destination as they are located locally and known the ins-and-puts of their destination.
- You are exposed to creative ideas and plans.