Budgets Increase as Businesses Embrace Travel Rewarding Workers
Skift Take
Incentive travel professionals are doing a better job of proving that their sometimes expensive trips have a positive impact on a business' bottom lines at the end of the day.
Incentive travel, or company event programs designed to reward top employees, represents a small part of the overall global meetings and events sector.
Company spending on incentives is increasing, as more evidence emerges that incentive programs are effective at encouraging top employees to thrive.
Research from the Society for Incentive Travel Excellence (SITE) found that while budgets spent on incentive travel have increased, the average spending per attendee has remained the same for most. This means more employees are likely being invited on incentive trips.
Incentive Travel Budget Has Increased
2016
2017
2018
Corporate Users
42%
50
