Shape of TMCs – Creative Changes For Efficient Travel Businesses
Post-pandemic, the shape of TMCs (Travel Management Companies), is set for major change. The International Air Transport Association (IATA) forecast for Travel in 2021 is 52% of 2019 levels. The estimate for 2022 is 88% of 2019. Only by the end of 2023 will it be 105% of 2019 levels. The demand for Air Travel in June 2021 was just 60.1% compared to June 2019.