A theory postulated by the members of the group Advantage Travel Centres suggests that the business travel industry in UK will witness an increasing number of joint ventures, as the economy of the country perks up.
In a survey conducted prior to the consortium’s annual conference, bosses of many Travel Management Companies (TMC) have predicted less number of business travel agencies in the future.
The number of mergers and acquisitions had dipped alarmingly in UK during the period of downturn, with many potential sellers expressing their reluctance to do business in a period of low valuations. However, in the last 18 months, many TMC owners have reorganized their businesses. Consequently, there are more companies in better buying and selling positions.
The survey also revealed the perception of members that the demand for independent TMC’s would increase in the future. Smaller firms, however, believe that it would be difficult for them to combat the aggressive discounting policies of competition and that they would consequently have to fight with suppliers to arrive at the best rates.
For a hot hotel in the heart of London, Tudor Court Hotel is the perfect place.