The demands of a changing workforce are creating increasing demand for incentive professionals to boost...
Research / Incentive Travel Toolkit, Section 1: Industry Overview
by Incentive Research Foundation
Over the last year, the incentive travel industry has experienced the most tumultuous time in its history. Despite the cancellations and travel restrictions, incentive travel is poised for a strong recovery due to the value and benefits incentive travel rewards deliver to organizations including increased profitability, employee and channel partner loyalty, talent attraction and retention and more.
In our 2020 Incentive Travel Industry Index conducted in partnership with FICP and SITE Foundation, respondents indicated that incentive travel rewards have an established value in organizations that utilize them. Only 21% of respondents noted their programs will need to be re-justified post-pandemic, while the balance had senior management support.
As businesses work to recover, incentives can play a central role in helping to accelerate the speed of recovery. Whether you are looking to establish a program or re-justify incentive travel spend, this toolkit contains the resources and information needed to get underway.
This report explores how incentives professionals are using AI both in the travel and non-travel incentive arenas, information about the tools and programs they find most valuable relative to incentive programs, and the gains and impacts they’re experiencing as a result.
Take a deep dive into AI capabilities, platform options, technical explanations, and a look at what lies ahead for the sophisticated use of this technology to enhance incentive and recognition programs.
