Business travel programs are a unique way to reward executives and workers who go above and beyond the call of everyday business. However, most companies don’t offer the trips without desiring something in return. They want trips that comprise business travel programs to motivate employees who take the trips to mirror their great performance in the coming year, with qualifying for the next travel trip serving as a primary motivator for maintaining success.
Statistics for Business Travel Programs
Lots of companies have anecdotes about how business travel programs motivate performance. However, before you implement a travel program, it’s a good idea not to put too much stock in another company’s story of success, and look at statistics that provide a broad view of how business travel programs work for companies at large. Below are recent statistics from the Incentive Research Foundation (IRF) that point to the success of business travel programs.
- Providing non-cash rewards creates revenue increases three times higher than average.
- Companies with the best customer retention and sales growth offer travel as a reward.
- Travel rewards can increase sales by 18 percent and produce an ROI up to 112 percent.
These statistics are only averages, but they matter a great deal considering how many companies offer incentive travel trips to reward top business performance. The IRF study referenced above also states that nearly 50 percent of U.S. businesses use incentive travel as a performance reward, and that businesses in the U.S. spend $22.5 billion a year on incentive travel trips.
Creating the Best Business Travel Trips
As positive as the statistics above may seem, they are underpinned by something that is essential for experiencing the success they quantify: Planning trips that are highly rewarding from beginning to end. These types of trips are typically facilitated by a company that specializes in planning and executing incentive based trips, such as Incentive Travel Solutions. With us working as your trusted travel planner, you receive the following benefits, among others.
- Trip planned within travel budget
- Travel to a unique destination
- Pre-arranged travel and lodging
- Travel itinerary of exciting activities
- Travel staff that help manage the trip
The IRF study also found that incentive travel budgets per person now average as much as $3,440 person. That is a significant amount of money to invest in a trip that doesn’t achieve its intended effect of motivating top business performance in the coming year. That’s why we recommend that you contact us before plans for your next incentive travel trip are finalized.
Contact Incentive Travel Solutions
At Incentive Travel Solutions, we specialize in helping companies make the most of their business travel programs. To kick off the travel planning process, please call us today at (704) 540-1482, or use our contact form, to schedule a free consultation. We look forward to helping your company plan a trip that is unforgettable for all the right reasons and motivates your workforce to qualify for the next unforgettable trip at year’s end. Start planning today!