Good article of note. Viva! is currently busy planning incentive trips to Hawaii and the Caribbean.
According to a new white paper “Incentive Travel Recovering from Belly-flop,” published by the Incentive Travel Council (ITC) of the Incentive Marketing Association, many companies plan to renew incentive travel benefits and rewards for employees, channel partners and customers. During the economic downturn, companies rediscovered that travel incentives are directly linked to employee performance and customer loyalty. The report quotes a recent Site survey — more than 80 percent of companies say they plan to incorporate motivational travel in the next one to three years, and many of the same companies report a current, real-time return to travel incentives.
“It’s a perfect time for corporations to get back to the grassroots value of incentives, particularly travel,” says Carol Wain, ITC president. “It’s unfortunate that those organizations that abandoned these investments had to learn the hard way that the people involved and participating in their overall mission are living, breathing assets that want, need and deserve to be motivated, recognized, and rewarded.”
In addition, the report examines how two companies — DriveSavers of Novata, CA and SFN Group of Ft. Lauderdale, FL — retained their incentive travel programs in difficult economic times, managed their programs creatively, and realized effective and measurable results. The white paper is available at www.incentivemarketing.org.