incentive travel trends 2023

Read on to discover the top seven incentive travel trends for 2023 and beyond. Click the image and save to share this infographic on your site! 1. Incentive travel moves beyond traditional ROI. Two-thirds (66%) of buyers expect soft power benefits. Improving culture, engagement, and relationships are vital to a successful program.

Photo Credit: GVS for Adobe Stock. Workforce changes, new priorities and rising costs are among forces driving incentive travel trends in 2023 and beyond. Following are eight current trends that are influencing programs, gleaned from the latest findings from the Incentive Research Foundation; Northstar/Cvent, and the Incentive Travel Index. 1.

This seems to be a short-term trend, with incentive travel buyers indicating the number of people participating in incentive travel programs will increase by 48% in 2023 and 61% in 2024 compared to 2019 as reported in the 2022 Incentive Travel Index . Limited hotel inventory continues to be a challenge. Even as some of the compression caused by ...

The newly released 2023 Incentive Travel Index (ITI) reports that, overall, the incentive travel industry is strong. Growth is projected through 2025 for both number of people participating in incentive trips as well as per-person spend. ... While industry-wide trends emerged, the study reflects variation by geography as well as by industry ...

Incentive travel is now adapting to different intentions and priorities to remain a strategic way of motivating, rewarding and engaging a workforce. In this report, we'll look in detail at the sector's recovery, explore the new ... trends for 2023 include forest bathing and foraging excursions, alongside meditation and mindfulness.

Trending One-City Global Destinations. 1. Punta de Mita, Mexico. Charming Seaside, Five-Star Luxury, Artisan Markets. A mix of relaxing and active experiences make Punta de Mita the perfect option for any traveler. Punta de Mita is the point where Banderas Bay, the Pacific Ocean and the Sea of Cortez converge.

As 2023 nears, here are five incentive travel trends you can expect to see in the new year: 1. Travel is a Way to Encourage Connections. One of the most important lessons we learned coming out of ...

As 2023 nears, here are five incentive travel trends you can expect to see in the new year: 1. Travel is a Way to Encourage Connections. One of the most important lessons we learned coming out of the pandemic is how essential in-person connections are to people. Forecasts predicted that hybrid was the future of events—and it definitely has a ...

What You'll Discover in the Report. The destinations and regions rising in popularity for incentive trips. Attitude shifts around the purpose and benefits driving incentive travel. Correctly budgeting per-capita spending on incentive travel programs to maximize investments. Expected impacts of technology, emerging threats and other headwinds.

The newly released 2023 Incentive Travel Index (ITI) reports that, overall, the incentive travel industry is strong. Growth is projected through 2025 for both number of people participating in incentive trips as well as per-person spend. That said, tangible financial ROI and concerns around cost are indexing higher than previous studies, highlighting a underlying caution that stems from an ...

4. Western Europe. According to the IRF, France and Italy are top of mind when looking to travel out of the country. And cruise lines are rising in popularity again, particularly Mediterranean and European cruises. The Global Meetings and Events Forecast also found that Madrid was attractive to planners given little lead time to plan.

A joint initiative of the Incentive Research Foundation (IRF) and Society for Incentive Travel Excellence (SITE), the Incentive Travel Index (ITI) is the business events industry's most authoritative study of the global incentive travel market and its impact on corporations, agencies and the supply chain in destinations.. The Index is undertaken in partnership with Oxford Economics.

The newly released 2023 Incentive Travel Index (ITI) reports that, overall, the incentive travel industry is strong. ... The IRF 2023 Trends Report. As we enter 2023, COVID concerns have subsided, while workforce issues take on increased urgency. Given one of the most challenging labor markets in history, incentives are an increasingly critical ...

Maldives. Stunning white sand beaches and an amazing under-water world make the Maldives an ideal choice for a unique tropical incentive trip. The country is home to some of the best beaches in the world, and there is a lot to explore in the country's nearly 1,200 islands that stretch along a length of 871 kilometers.

From fitness activities like group dancing lessons in Puerto Rico, wellness chakra ceremonies in Bali, and family-friendly adventures in St. Lucia, discover the top incentive travel trends for spring and summer 2023 and get some inspiration for locations where your organization can host them. Wellness Retreats:

Thankfully, this is expected to be a short-term trend, with incentive travel buyers indicating the number of people participating in incentive travel programs will increase by 48% in 2023 and 61% in 2024. Even as some of the compression caused by displaced 2020 and 2021 programs eases, there is still high demand and reduced hotel inventory ...

Based on that panel, plus some additional new research, here are six trends incentive professionals should be thinking about as they start to plan their programs for 2023 and beyond. 1. Destination Bucket Lists Filled Mainly With Easy-To-Reach Spots. North American destinations are still at the top of most incentive planners' lists — at ...

February 1, 2023. The IRF 2023 Trends Report sees many opportunities despite economic and supplier issues. "As we enter 2023, incentive, recognition, and reward programs will be expected to have broader reach and deeper impact," said Incentive Research Foundation (IRF) President Stephanie Harris, citing the results of the recently released ...

However, for incentive travel and group travel in particular, the logistics of planning a post-pandemic trip still provided enough of a headwind to slow the industry rebound. ... According to a 2023 Trends Report from the Incentive Research Foundation, a significant majority of clients have been placing pressure on program planners to offer a ...

The global incentive travel market is expected to reach $217 billion by 2031, according to a report by Allied Market Research. The rate of growth during this period is expected to be highest in ...

In addition to the growth in safari travel, the report reveals: Interest in sustainable safari travel continues to grow, experiencing a more than 1,000 percent increase over the last four years. Travelers are increasingly interested in beach/safari combos and intergenerational travel. The average safari budget now ranges between $5,500 to $6,500.

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