Corporate Travel Destinations

Corporate travel might be an expense that comes with certain tax benefits, but that is no excuse to by financially irresponsible. Corporate travel should be done on a budget, but that does not mean that there is no way to have an amazing incentive travel experience. Here are some ideas to make travel fun and interesting on a budget:

• Consider using alternative modes of transportation – When it comes to transportation, many people overlook trains, boats, and other common forms of transportation that can be both cost effective and help build a unique travel experience.
• Stay at unique venues – Some venues far from cities have plenty of local cultural flavor at amazing prices. It might entail a small taxi fee or a shuttle bus ride, but hotels on the outskirts of a destination generally have a lot to offer.
• Eat locally – Local foods are generally healthier than fast food, and they come in many tiers. Local flavor can be found at cheaper venues as well as some of the more expensive restaurants. It is not necessarily important for each and every night to feature a fun evening at an expensive restaurant.
• Souvenirs – Trinkets are almost always overpriced. Remember this when shopping and plan ahead in order to get the best possible prices.

Corporate travel is always a balance between profitability and exclusivity. Simply put, profitability is the benefit derived from any activity minus the costs and opportunities lost by taking the course of action. This causes many to inherently think of affordable destinations for corporate travel, but this is where exclusivity comes into play. Exclusivity is the concept that the more unique or interesting the destination, the more the trip is generally worth in a less quantifiable manner.

For example, an incentive cruise for employees to Hawaii is probably considered to be a lot more interesting than an incentive travel promotion to Nebraska. While there is nothing inherently wrong with Nebraska, it is simply not considered to be as exclusive and/or interesting as Hawaii. The key is to strike a balance between cost effective travel options and here are a handful of destinations that are surprisingly cost effective while generally being viewed as very exclusive:

Bimini – While small, it is a very affordable locale for hosting small gatherings and meetings. Just do not plan anything during hurricane season.

Oregon – Believe it or not, Oregon is home to a wide range of climates and terrain, which makes from some very interesting and affordable locales.

Sedona – Gorgeous sunsets, excellent hiking, top-notch spas and world-class golfing make this relaxed venue a great spot for meetings and corporate events.