Are you looking for a way to increase your customer base and market share? Have you ever considered utilizing travel incentives? Travel incentives like the name implies can be used to motivate both customer and employee behavior. Utilizing travel incentives to attract, motivate, convert, appreciate, and retain customers and employees just makes good business sense.
Many people will tell you that “cash is king”. However, studies have shown that over time offering cash discounts eventually becomes part of the expected price. For example, who ever expects to pay full price for a car anymore? No one. We all know that the sticker price is negotiable. How many of us also know that if we find a suit or dress we like, we can wait a couple of months and it will go on sale? We will pay less than the original price tag for the same item. Likewise with employee bonus programs, over time bonuses become an expected part of pay. Every December or March, employees come to expect a bonus as part of their compensation.
Las Vegas attracts millions of business travelers from around the world annually. Most of these travelers come to Sin City for the numerous conventions that fill each week of the year. The local hospitality industry has grown around the convention business to support the constant influx of visitors.
A recent survey conducted by the Association of Corporate Travel Executives found that 79 percent of respondents see cost cutting as a top business travel concern, while only 17 percent felt that promoting environmentally sustainable travel was a top priority. This contrasts with a November 2007 survey where 29 percent of the respondents felt environmentally responsible travel was a top issue.