Good news for the Incentive Travel Industry?
Despite having proved that Incentive Travel is a powerful motivator for organisations globally time and again, Incentive Travel has by its very nature always been considered a ‘nice to have’. The cherry atop a pyramid of hygiene factors and rewards that motivate employees and partners to improve their performance. Right now, however, because of restrictions put in place to combat coronavirus, it’s gone, put on ice for the time being and won’t be a strategic tool for corporate organisations to use for some time to come. This has prompted some in the industry to question if we will ever see the return of Incentive Travel as we know it.
Incentive Travel will most probably be the last segment of the travel industry to recover from the crisis. Leisure travel and events will tentatively rebound first, as confidence grows that it is finally safe and OK to travel and meet again. When Incentive Travel is given the go ahead, my belief is that we will eventually see it return stronger than ever before and that its role as a key strategic driver in unleashing human performance will become even more powerful.
Here’s why I think so…
For years the MICE Industry and behavioral change agencies have been espousing that a major benefit of the incentive travel experience is the camaraderie and togetherness that it creates. The benefit of spending time together, outside of the work environment, experiencing new things together in foreign destinations brings massive benefits to organizational teams. However, in all honesty, it’s always been a difficult sell, an abstract benefit that was impossible to quantify or define a measurable ROI to. These “soft” factors were considered an intangible positive byproduct but did little to argue the case for the implementation of an Incentive Travel programme or increase the budget towards one.
But the virus and subsequent lockdowns have changed all of that. Enforced isolation has made it abundantly clear that we took the ability to personally connect with our colleagues and clients for granted. Whilst many a realization has been made, and in many cases surprised organisations about how well they can actually work remotely, the fact is that virtual meetings are a bit like fake tanning lotion. Yes, they do the job, they achieve the required results, but it’s not quite the same or enjoyable as spending time in sun!
Not only have lock downs and isolation robbed us of our holidays, eating out and the opportunity to experience new things, they have also denied organisations an effective opportunity to personally recognize and reward great work, to spend quality time with their top performers on neutral territory where they can naturally share experiences and learnings, or simply chew the fat and brainstorm new ideas, strategies or product development.… all the elements Incentive Travel provides in bucket loads.
When this is all over, the need to connect on a personal level, to simply spend quality time with colleagues and clients will be stronger and more important than ever. Travelling to new and exciting destinations, staying in quality hotels with amazing facilities and taking part in engaging team experiences will be truly something to look forward to, being both highly desirable and intensely motivational. The value of Incentive Travel has just multiplied exponentially, and if used correctly, could be a formidable tool in reinvigorating the world economy. It just might take a little longer than we’d like.
Written by Huw Tuckett, CITP, Executive Director of Euromic – The Power of Local Knowledge
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