May 28
A recent survey conducted by MeetingNews found that most meeting planners expected meeting budgets to increase or stay the same over the first six months of 2010, when compared to meeting budget trends over the last six months of 2009. This optimistic outlook may be further proof that companies across the country are beginning to recover from the recent recession. The survey, which included 220 participants, found that only 19% of responding meeting planners anticipated further budget cuts or smaller meeting budgets in the first six months of 2010. Additionally, seventeen percent of respondents actually reported increased spending in the last half of 2009, showing that some companies continued to prioritize meeting spending during the economic downturn or were already beginning to enjoy financial recovery at that time.
Just over half of the survey participants (51%) expected meeting budgets to stay the same during the first half of 2010. These results support the hope that deep budget cuts are now behind us for the most part and indicate that things may start looking up for the corporate travel and business meeting industries. This is good news for meeting and travel planners who learned tips and tricks for cutting costs without losing quality during the economic downturn and will now be in an excellent position for providing exceptional planning services with increased budgets.
Tagged with: Budget Cuts • Budget Trends • Budgets • Business Industries • Business Meeting • Corporate Travel • Economic Downturn • Meeting Planners • Optimistic Outlook • Planning Services • Proof • Recession • Respondents • Six Months • Survey Participants • Tips And Tricks • Travel Business • Travel Planners • Travel Tips
Apr 25
With corporate groups increasingly looking for ways to encourage and motivate their staff, incentive travel programs are gaining high popularity.
When it comes to event planning, incentive travel programs are a great option. Event planners who specialize in incentive travel deals have a lot to look forward to- a profession that perfectly blends business with pleasure.
Corporate groups regularly send their employees for incentive travel deals as a means to keep their staff happy. Incentive travel trips are not just for motivating or rewarding employees, they are also meant for many other purposes, such as:
- Creating a solid business relationship between two companies
- Training new recruits and helping them break the ice through interactive sessions in these group meetings
- Offering long time loyal customers or dealers a pleasant vacation
Continue reading »
Tagged with: Business Relationship • Corporate Groups • Corporate Individuals • Different Cultures • Economic Downturn • Entertainment Ideas • Event Planner • Event Planners • Incentive Program • Incentive Programs • Incentive Travel Industry • Incentive Travel Programs • Interactive Sessions • Loyal Customers • New Recruits • No Doubt • Rewarding Employees • Sluggish Economy • Staff Incentive • Travel Trips
