In­cen­tive travel on an up­swing in 2016

Micetalk - - NEWS -

For the past eight years, the In­cen­tive Re­search Foun­da­tion has sur­veyed in­cen­tive in­dus­try pro­fes­sion­als on a reg­u­lar ba­sis. The IRF’s Fall Pulse Sur­vey 2015 found that bud­gets are up, lead times are grow­ing and des­ti­na­tions are far­ther afield. Around 67 per cent of re­spon­dents said they are in­creas­ing their in­cen­tive travel bud­gets for 2016. For the first time, the Caribbean is tied with the U.S. as the most pop­u­lar in­cen­tive travel desti­na­tion, with 50 per­cent of re­spon­dents say­ing they will travel to the Caribbean for their pro­grammes in 2016. While 39 per cent of re­spon­dents an­tic­i­pate no change in the des­ti­na­tions they will book for in­cen­tive travel pro­grams in 2016, nearly one-quar­ter said they are shift­ing from do­mes­tic to in­ter­na­tional des­ti­na­tions. Lead times have in­creased. A full 45 per cent of re­spon­dents said they book more than a year out, while 41 per cent said they book be­tween seven and 12 months out.

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