Showing posts with label Bthrub Leadership Summit. Show all posts
Showing posts with label Bthrub Leadership Summit. Show all posts

Friday, 8 January 2016

Incentive Travel Bounces Back

​The public backlash reached a boiling point in October 2008 when executives at insurance giant AIG spent more than $400,000 for a trip to the luxurious St. Regis in Monarch Beach, Calif., a week after the firm received an $85 billion bailout from taxpayers.
  • "The reality is, [travel incentives are] back because these programs work, especially in decentralized organizations," says Melissa Van Dyke, president of the Incentive Research Foundation.
  • At Atlantis Paradise Island in the Bahamas, group sales are about 20% higher than a year ago, and incentive meetings comprise about 65% of all group sales at the resort. Sales will increase again in 2012, says Mark Benson, the resort's vice president of group sales. "Incentive travel is showing the fastest rate of growth in all group business," Benson says, adding that the resort sold about 200,000 group room nights this year vs. 146,000 a year ago.
  • The Incentive Research Foundation has found that spending now averages about $2,500 a person, and 67% of trips include some type of meeting or business aspect.
  • The backlash has eased, and industries have started to take the clamps off incentive travel. "If we had to put a score on it, it's probably 85% to 90% back," says David Peckinpaugh, president of Maritz Travel, a meeting management company.


  • Tuesday, 5 January 2016

    How Incentive Travel Motivates Millennials to Reach Your Goals

    ​If it’s true that the generation mix has significantly varied expectations, preferences and tastes, it could certainly have an impact on a company’s sales performance reward tactics, including incentive travel plans. Do Baby Boomer salespeople prefer incentive trips to Florida where they can lay on the beach and read Tom Clancy? Do Millennial salespeople just want to go somewhere exotic and Instagram every meal? We’ll attempt to answer these questions and more with a series of articles on incentive group travel and the generation mix. Our goal is to help event planners and sales leaders understand and leverage the ways incentive travel rewards uniquely motivate team members from each generation to achieve business and sales goals.
    Let’s start with the youngest and fastest growing group in the generation mix: Millennials. Cynics define Millennials by their absorption in social media and selfies, but there’s a lot more to them than that. They’re the least prejudiced and most culturally aware generation today. They suffered through joining the workforce at a difficult time, during the economic downturn of the late 2000s. And their social media “obsession” can be reinterpreted as a love of communication, curiosity and a sense of connectedness with about the world around them.
    What does this mean for sales incentive travel rewards and corporate event planning? It means that incentive group travel programs are extremely motivating to Millennials for the following reasons:
    Sharing the Experience
    It’s true that Millennials love social media and smartphones. Less valid is the belief that Millennials aren’t enjoying or paying attention to their life experiences due to their constant connectedness. According to a survey of Millennials and experiences:
    78% would rather spend money on an experience than a thing
    77% say their best memories come from experiences
    72% want to increase their spending on experiences
    69% say experiences make them feel more connected to the world
    If you’re interested in hearing more about how Incentive Solutions can help motivate Millennials in your workforce, call us at 866-567-7432 or use our contact form.
    Incentive Solutions
    Loyaltyworks
    Direct Contact: 678-514-0248
    Sales Hotline: (800)-844-5000

    Thursday, 24 December 2015

    Footage from Our 2015 BThruB Leadership Summit Is Here!

    ​We’re still reeling from the fantastic success of our 2015 BthruB Leadership Summit. We initiated the conference last year to share incentive ideas, B2B marketing strategies with our clients and other incentive industry experts. The summit was hosted at Barnsley Resort in October, was an excellent opportunity for us to spend quality facetime with clients in a beautiful, relaxing setting. Peer-led discussions and incentive program ROI presentations stole the show this year, with an overwhelming majority of attendees citing it as their favorite aspect of the weekend.
    Notable guest speakers included Todd Hanson, President and founder of The ROI of Engagement and Rodger Stotz, Chief Research Officer of the Incentive Research Foundation. Between events, attendees enjoyed spa massages, golf, horseback riding, a clay shooting tournament, Barnsley Resort’s fine dining and karaoke.
    Check out the video below to view newly-released highlight footage from our 2015 BthruB Leadership Summit!
    bthrubvideo