Individual Incentives: What's Hot

There are as many corporations asking for individual experiences as there are companies that provide them. The industry has grown exponentially since these awards first started to gain popularity 15 years ago; Marriott's Individual Incentives division, a major player, has grown from about $1 million in revenues in 1992 to more than $75 million today, according to Steve Maselko, vice president of business development.

Dick Gaeta, president of Premier Incentives in Marblehead, Mass., recently worked with Heritage Marketing & Incentives in Norwood, Mass., to create individual awards for client Star Lumber in Wichita, Kan. The program, which is geared toward the company's middle- and lower-echelon salespeople, is structured similarly to frequent-flier programs. Participants accrue points for awards such as hotel stays, trips to Walt Disney World, the Richard Petty Driving Experience, or merchandise. Gaeta says one trend he is seeing is multiple levels of individual incentives. “We've also seen these awards bundled with car rental or food and beverage.”

Incentive industry veteran Jim Feldman, president of Incentive Travelers Cheque, Chicago, sees more of his clients combining merchandise and travel. “If you're setting up a golf day, include tees, golf balls, and a golf shirt,” he says. “I say to clients, ‘If you're going to spend $1,500 for a New York theater experience, why not make it $1,800 and add a custom shirt, tie, and cufflinks to wear to the theater?’”

Bob Guerriero, president of The Journeymasters, a Salem, Mass. — based incentive company, sees a trend toward higher-end individual awards. “Clients are asking for first-class airfare and first-class experiences.” His company's Above & Beyond certificate, with a $3,200 price tag, includes five nights in a junior suite at the Banff, Alberta, Fairmont; airfare; and complimentary breakfast.

High-end trips are also on the rise with customers of ITAGroup Inc., Des Moines. “They want the Ritz-Carlton, and we've gotten more requests for Europe and the South Pacific,” reports Doralene Abdel-Halim, manager of product development for individual awards. According to her, the individual incentive industry is a mirror of what is happening in the greater travel industry. “People are going farther and spending more.”

Phil Leger, vice president of operations and award management for Incentive Logic in Scottsdale, Ariz., says the biggest trend that he is seeing is experiential awards. “People are achieving on their own and are not tied to what everyone else does, so they want their own experience, like a spa, or golf.”

That's the premise behind Great American Days, a Decatur, Ga., company specializing in “experience awards” — 7,500 of them, to be exact. “We offer flight lessons, a weightless experience with an astronaut at Cape Canaveral, trekking with polar bears in Canada, or driving a racecar at NASCAR,” says Colin Reid, director. “These days, it's not where did you go, but what you do when you get there.”

Scott Siewert, region manager, US-Motivation in Atlanta, recently helped one incentive winner take exactly that kind of trip. “With the help of our in-house travel concierge, we set up a hot-air balloon ride in Southern California so he could propose to his girlfriend.”

Talk about an experience they will never forget.

Save This Page

For more articles on incentives, click here.

RSS Share

Want to use this article? Click here for options!
© 2012 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

Search 125,000+ Venues

Search Meeting Space

Find Event Venues with Cvent

The Meeting Planning Blog

Face2Face Latest Posts

Sign Up for Our Free E-Newsletters



Meetings Collaborative

Rate your experience with meeting venues and suppliers.

Facility / Hotel

 
Powered by: Meetings Collaborative
Aega Awards

Latest Webinar

Beyond Marketing: What Else Social Media Can Do for Your Meetings
Thursday, May 24 | 2-3 p.m. EST

Most associations know that online social networks can be handy tools to spread the word about their meetings and events. But social media can do so much more than market. Our social media expert will uncover ways you can leverage social media to discover the educational content your members are craving, engage and energize your community, build relationships, and even simplify your meeting processes. Register Now!

VIEW ALL ARCHIVED WEBINARS

Recent Comments

Powered by Disqus

Back to Top

Explore Our Newsletters

On Corporate Meetings & Incentives


Meeting Planner Survival Guide

Whether you're a novice planner or a veteran, this compilation of must-read articles is your meeting planning resource.

Must-See Meeting Files

Visit the MeetingsNet expert-advice site, where we’ve got top meeting pros on camera answering a variety of your questions as well as a collection of educational—and sometimes offbeat—editors’ pick lists — from the top tech tools to the best books for meeting professionals.

Suppliers/
Facilities/CVBs

MeetingsNet makes it easy to find the CVBs, tourist boards, and facilities you need for your next meeting.

Deal Finder

Special offers brought to you by MeetingsNet.

Find A Job

Targeted to all aspects of the hospitality and special events industry.

SMM PORTAL

Your source for Strategic Meetings Management info and intelligence

Facebook   Twitter   LinkedIn   RSS Feed

Inside Current Issue

May 2012

April 2012

March 2012

February 2012

January 2012

Browse Back Issues