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Incentive Travel Report 2016

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New and novel And it's not just North American destinations that are benefiting from cost-saving measures. As Trina Arjoon, CMP, director of op- erations with Toronto-based Communiqué Incentive Inc., notes, "Destinations cycle in and out of favour, we have a program going to Budapest next spring, and it all came down to value. We reached out to our DMC contacts in Europe for destinations based on value and our budget. We decided on Budapest for this group—who had been to Prague and Vienna six years ago." Arjoon explained that they can do lovely things in the city so they can experience the des- tination without breaking the bank. "We're doing events that have meaning for their employees, such as walking tours and program- ming more free time for optional activities". Arjoon was impressed by just how beautiful the city was. "It was never on my radar as somewhere to go, I was just pleasantly sur- prised on how friendly the people were, how clean the city was and all the fantastic architecture. The value is there as opposed to other European countries." South American destinations are also coming onto planner's ra- dars, as luxury accommodations and more airlift peak interest in Chile, Argentina, Colombia and Patagonia. Dallyce Macas, owner of Toronto-based èminence, says the explora luxury lodge has just opened in the Sacred Valley of Peru, and Atacama Lodge is reopen- ing this coming December in Chile's Atacama desert. "Patagonia is very remote, but well known for hiking, trekking and horseback riding, with beautiful glacial fields. The cute little penguins down there are a big draw too." w incentive travel report continued from page 1 "Patagonia is very remote, but well known for hiking, trekking and horseback riding, with beautiful glacial fields. The cute little penguins down there are a big draw too." INCENTIVE RESEARCH FOUNDATION Individual or Group Travel? A study of 234 US-based firms showed individual travel was used to reward discretionary accomplishments, while group travel was used to reward team-based success. Budgets Nudging Up The current economy is having a positive impact on the planning and implementation of incentive travel programs. Budgets have increased steadily since 2014. Corporate end-user budgets tend to fall in the $2,000-3,000 range while third-party incentive houses fall in the $3,000-4,000 per person range. Far and Wide The US and Caribbean are still top destinations for incentive travel, while Canada and Europe are rival second-tier destinations. Mexico continues to be a highly rated option for corporate groups. Rising Costs Escalating costs for food and beverage and rising room rates are the biggest change to program budgets in 2016. Programs Stable Fewer planners are reducing the number of rooms and length of their programs. Source: Incentive Research Foundation September 19, 2016

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