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    0 Replies Latest reply on Mar 14, 2015 12:36 AM by shubham anand

    Facts on Why Travel Incentives Are The Ultimate Motivator

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      2014 Trends in Engagement, Incentives, and Recognition

      • Incentive Travel brings key top-performers together to learn from one another, to grow, and to engage them in solving key business issues
      • Progressive organizations are even using attendees to these events as catalysts and mentors to the next rung of leadership within their organizations.
      • The IRF has tracked incentive travel trends for the last six years through (semi-annual) IRF Pulse Studies
      • The current snapshot shows that incentive travel budgets are finally stabilizing, with more planners increasing (rather than decreasing) their budgets.
      • On average, 36% of planners are increasing their budgets year over year with only 14% decreasing.
      • North America, the Caribbean, and Europe are still the top destinations for incentive travel (more than a third of planners reported using these destinations)
      • The second tier of locations includes Central America, South America and Asia.
      • Only between 10-20% of U.S. planners reported using these destinations currently, the IRF sees the most emerging destinations within this tier.

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      • SITE Forecast: Incentive Travel to Grow Through 2016
        • According to SITE’s forecast, incentive travel is predicted to continue growing at least through 2016, with 52% and 80% of incentive travel professionals, respectively, predicting an increase in the use of incentive travel in the next six months & the following 6 – 12 months
      • Incentive Travel Trends 2014
        • A study commissioned by the US Travel Association found that corporate companies that use incentive travel generally enjoy a ROI of 4:1 – for every dollar invested in incentive travel

       

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      Facts on Why Travel Incentives Are The Ultimate Motivator