Corporate Travel Destinations

Free enterprise and entrepreneurship are the cornerstones of American business and a core part of our collective psyche, of this there is no doubt. Sole proprietorships evolve into small businesses, grow into medium sized businesses, and can even become massive global corporations in much the same was as Wal-Mart has evolved, but part of that growth requires knowing about the role that corporate travel plays in growth. Here are a few points for anyone that runs their own business to consider when it comes to corporate travel:

Networking is essential, and it is not limited to the state, region, or even country any more. Today it is more important than ever to be networking all over the world as soon as possible. Who knows when a single trip will open a door that starts the ball rolling on something big?

Numerous business credit cards offer generous travel incentives and mileage perks, so take advantage of them while learning how to manage cash flow. This is the very essence of killing two birds with one stone.

Being aware of business conditions in other countries and adjacent industries is often the first step in avoiding future problems or being able to exploit future opportunities before the competition. The early bird gets the worm, and those that are late go hungry.

The meeting world is changing. You, as a planner, already know that. “Destination” doesn’t just mean where people are traveling, it also means where the industry and your business are going. It means where your client’s business is going. It means where the economy is going.

This brings to light the fact that everything is moving, everything is changing, and all things move through time whether they want to or not. Where they go is largely up to us. This means you are making decisions on where your business goes daily, but others’ opinions and decisions affect those decisions. Continue reading »

Recent research suggests that people making retail purchases are examining their expenditure more closely before making decisions. In other words, there is a lot less of the willy-nilly cash throwing that the upper-middle class to the wealthy had been guilty of for so many years during the height of their prosperity. Now these same people are looking for better value and asking themselves if they really need this or that. And now, this research shows, they are happier as well.

What this means to meeting planners and their business is not so much that you will have less of it–although that could happen and may be happening now–but that you will have to focus your attention on value as well. This focus will, of course, be on the client’s behalf, so you may end up working a little harder to bring home your bacon. Continue reading »