From 'Frothy' To Fraught, An Agency Broker Reflects On TMC M&A Landscape

Cash is scarce for travel agency operators. The valuation of a travel management company is virtually impossible to determine these days. The multiples that buyers would pay to acquire agencies peaked just before the pandemic struck. Those are a few observations on agency mergers and acquisitions that Innovative Travel Acquisitions president and CEO Bob Sweeney shared this week.

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