10 Incentive Travel Facts You Can Use Scottsdale Arizona

In honor of Global Meetings Industry Day April 6 the IRF has compiled 10 Incentive Travel Facts everyone should know in 2017

38% of all U.S. Firms over $1MM in revenue use incentive travel to motivate their people and partners. (Incentive Federation)
U.S. firms spend over $14B Annually on incentive travel. (Incentive Federation)
Net Optimism Score for incentive travel in the fall of 2016 was 26%, meaning the industry is still moderately positive about the outlook for incentive travel (Read More)
As of fall 2016, per-person incentive travel budgets are most commonly between $3,000 and $4,000, although about 40% of the industry spends more. (Read More)
Average per-person spend has increased by 5% annually since fall 2014. (Read More)
Most commonly selected destinations for incentive group travel are now the USA, Caribbean, Mexico, and Europe, showing a return to long-haul destinations. (Read More)
Analysis shows that the economic Net Optimism Score for incentive travel tracks closely with overall U.S. economic performance, often acting as a leading indicator. (Read More)
Almost 60% of planners have experienced some form of disruption in their events, estimating that almost a quarter of their events have been affected in some way. (Read More)
Planners view “Flawless Execution” as the #1 way their most trusted Hotel Partners add value; Hoteliers view “Providing a Strong Vision” as the #1 way their most trusted Planner Partners add value to the relationship. (Read More)
Although Planners and Organizations are enthusiastic about wellness, there is often a disconnect in implementation.

Bonus: On average, employees most selected large award. (i.e. delivered after a year-long effort or major accomplishment.) Was travel and experiences…beating out cash. (Read More)

Advancing the incentives industry requires building stronger, better partnerships throughout the program delivery cycle. The most recent IRF-Prevue study shows that although the hotelier-planner relationship is most often collaborative and supportive while delivering meetings and incentive programs, there are a number of opportunities for improvement throughout the discovery, RFP, and execution phases of the relationship.