When organizations contact a meeting planner, they are often trying to plan corporate travel on a budget. Many organizations find themselves in this financial dilemma. They understand the need for business travel incentives, but because of they unstable economy their budgets are a bit constrained. Deciding where and how to save money when planning incentive travel can be somewhat tricky. Organizations do not want to be extremely frugal with destinations, accommodations, or dining because this can make incentive travel unappealing. For organizations that desire assistance with incentive planning, a meeting planner may suggest the organization scrutinize their program content. By eliminating unnecessary program content, an organization may be able to save thousands of dollars.
One meeting planner determined how much a company could save by eliminating bottled water from a 3-day meeting. It was determined that the company would save over $65,000 by not offering attendees bottled water. As one can see, small incidentals can have large expenses. While eliminating bottled water may not be right for every organization, this example shows the effect that seemingly insignificant items can have on an organization's business travel budget. By carefully scrutinizing a meeting's program content, organizations may be able to save a bundle.
It’s been some months since we found out our economy is not only breakable, but quite cracked. This has placed an enormous burden on the backs of meeting and even planners who have been entrusted with creating reasonably priced but effective incentive programs. Well, here’s one solution: the cruise.
