Economy will change incentive planning in 2009
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A new survey from the Incentive Research Foundation (IRF), called "The Incentive Industry Trends Outlook 2009", presents its predictions for the incentive travel industry in 2009. It expects, as could be expected, that the economy will have a negative impact... but the industry will react and adapt.
78% of respondents foresee a negative impact of the economy, in the form of budget reductions. Incentive planners have to do with less budget, and for that will change from international to domestic destinations, reducing the number of rooms and days in their programs, reduce the extra costs, and include transfers and extra in their programs budgets. The role of procurement departments is also expected to increase.
“Individuals might be even more motivated by incentive travel programs because their own financial situation may require them to cut back on their personal travel plans,” explained Bob Dawson chair of IRF´s research committee.
