by Lisa A. Grimaldi | April 17, 2015

The Incentive Research Foundation has released a list of seven quick, important incentive travel statistics that the organization believes every incentive travel planner, manager and executive should know. The quick facts, and their sources, are the following:

  • Forty-six percent of U.S. businesses use incentive travel. (Incentive Federation
  • U.S. businesses spend $22.5 billion annually on incentive travel. (Incentive Federation)
  • Organizations that provide non-cash rewards such as incentive travel have three times higher revenue increases than those that don't. (Aberdeen Research)
  • One hundred percent of "best-in-class" companies (those with the highest customer retention and sales growth numbers) offer group travel to recognize year-end sales success. (Aberdeen Research
  • Incentive travel is not just for salespeople. Of companies that run awards programs, 53 percent use incentive travel to recognize sales, 43 percent to recognize all employees, 33 percent to recognize channel partners and 27 percent to recognize customer loyalty. (Incentive Federation
  • Properly designed and executed incentive travel programs can increase sales productivity by 18 percent and produce an ROI of 112 percent. (Incentive Research Foundation)
  • Per-person incentive travel budgets now average of $3,440. (Incentive Research Foundation)