If these exist, then an incentive travel program may be a strong option. With something for every performer, online performance rewards make it easy and simple to reward the behaviors that reward you. What’s the ROI on these types of programs? Get the latest in industry news and insights.
Give them on-the-spot for a closed deal, or offer them up as a quick way to move products off shelves or through your sales channels. MICE FAM is a program created by CH Travel DMC to empower and train travel agents on the major MICE destinations around the world.
Budgets, participant eligibility, and perception of corporate incentive travel is on the rise. This trend is even more pronounced in the B2B space, where buyer expectations are shifting to match their B2C customer experiences. The primary trends in Incentive Travel Programs (and the corresponding number of planners currently using these options) are: How the U.S. Tourism Industry Is Staying Afloat—or Sinking—During COVID-19, 10 Ways to Protect Coral Reefs When You Travel, Hotels Across the World are Being Repurposed to Help Fight the Pandemic, The 8 Best Boat Transport Companies of 2020, The Complete Guide to Disney's Star Wars: Galaxy’s Edge. Our incentive travel programs and corporate meetings and events will wow your target audience. There are a lot of moving parts when it comes to planning a trip to this scale. Nichole Gunn is the VP of Marketing at Incentive Solutions, an Atlanta-based incentive company that delivers advanced, agile B2B customer loyalty and channel sales incentives programs. However, when these changes were considered and implemented, the program realized an actual ROI of 84%. I permit Incentive Solutions to collect and store the data in this form according to the privacy policy, © 2020 Incentive Solutions | All rights reserved. With four generations in the workplace today, each group likes to communicate differently. Recently, Incentive Solutions President and CEO Mark Herbert sat down with Performance Incentive Products Magazine to discuss the trends business leaders should consider when designing their customer loyalty programs.
“Each participant wants to feel that the sponsor of the program is speaking directly to them and engaging with them on a personal level. Find your event/incentive travel planner well in advance (we suggest 18 months or so) before you would like to schedule your trip. But more than that, it’s important to invest in platforms that are structured for continuous improvement – so that can always capitalize on the latest loyalty program trends! The Anatomy of an Incentive Travel Program, The Long Term Impact of Incentive Travel on an Insurance Company, The Anatomy of an Incentive Travel Program (ITP), Nomination Based Incentive Travel Case Study. We're Hiring! Travel Services. The Anatomy of an ITP study provided five recommended elements for Incentive Travel efforts to be successful.Additionally, to maximize the benefit of an incentive travel program the research concluded the incentive travel event should include: How much meeting content to include in an incentive travel program also tends to be a challenge with planners currently allowing participants to spend about 30% of their experience in meetings. Another loyalty program trend that’s on the rise is the use of gamification. One trend Mark Herbert has noticed is that businesses today require more automation and integration from their loyalty programs: “Greater personalization is also coinciding with the need for more automation. Earners are rewarded with a trip and the program is designed to recognize earners for their achievements.". Our Incentive rewards inspire motivation in your participants and produce the most ROI for your brand. Today’s customers expect a higher degree of personalization. Whether its dealer rewards for VIP channel sales reps, contractor rewards, or sales rewards for that majority group of in-house salespeople with average performance, there's something to motivate everyone. This website uses cookies to give you an incredible experience. They grew up with very different forms of communication – from letters and landlines to Snapchat and FaceTime.