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INSIGHTS

Recapping 2022: a year of recovery, resumption, and renaissance for incentive travel

This webinar was sponsored by Destination Canada Business Events

To close out yet another unprecedented year (maybe 2023 will be the year we can stop using that word, along with other p-driven adjectives?) 麻豆传媒鈥檚 final 2022 webinar focused on how incentive travel demand came roaring back, with programs eager to reschedule and resume traveling.

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Here鈥檚 what our panelists had to say about the year, along with their musings on whether we鈥檙e now on the cusp of a period of revived and renewed interest in incentive travel. 

On recovery:

This was the year of anticipation said Wynford鈥檚 Cate Banfield. The floodgates opened and incentive travel came back with a vengeance. This flood turned the year into one of reimagination too, Cate noted, as momentum built over the course of the year. 

Cate also described how challenges around compression of space and resources, as well as ongoing questions about the best ways to leverage hybrid and virtual solutions, added new dimensions to incentive travel鈥檚 recovery story.

Michael Welsh from Accor agreed, saying their hotel teams have seen strong demand in parts of Asia and that cities there are starting to hum again. Resort destinations in the region are particularly busy, Michael called out, as well as interest in Bangkok, Bali, Jakarta, Seoul, Tokyo, Osaka, and Singapore. 

While Accor is focused on welcoming international travelersback, Michael also said there鈥檚 interest in people wanting to stay local or domestic, broadening the bases that hotel properties are seeking to attract. 

Expanding destination inventories has been another positive recovery trend, observed Destination Canada鈥檚 Mark Zanetti. More than ever, groups are sourcing what he described as 鈥渞ock you to your core鈥 incentive experiences that showcase both the breadth and depth of what鈥檚 offer in a destination. Growth continued through 2022 for the DMO, Mark said, with no signs of slowing. 

On resumption:

Panelists also picked up on several travel trends that emerged in 2022, confirming much of what鈥檚 been written about and researched about incentive travel throughout the year. 

It鈥檚 about being unique and creative, Mark started off. The changes and disruptions we collectively experienced reshaped travel priorities and preferences, coupled with renewed commitments to ESG metrics and challenges from workforce environment we鈥檇 never navigated before. 

Cate called out the onslaught of information we鈥檝e enjoyed, saying she feels in some ways like she learned more over the past three years than she did in the previous 20. 

Buzzwords standing out for Cate as incentive travel resumed are 鈥渆xperiential events鈥 and 鈥渢ransformational travel.鈥 We remembered just how much incentive travel can be a powerful business driver, Cate explained, which in turn makes her more empowered, dedicated, and passionate about creating experiences that resonated with qualifiers. 

An event is no longer a certain set of dates, Cate continued. They鈥檙e now opportunities to engage on a continuum, with new approaches to developing deeper year-round strategies connected to incentive travel programs. 

Michael also shared, in response to an attendee question, that hotels鈥 abilities to cater for groups during this resumption period varies by market. Certain destinations, he said, are not experiencing staffing challenges and can run programs largely resembling those in the 2010s. Others though are in regions where staffing has become more challenging, creating cases where tougher business calls will need to be made about theservice levels properties can deliver at different occupancy rates. 

Human connection is the ultimate determining factor, Michael said. He pointed to huge increases in onsite activity over the last 7-9 months in different hotel restaurants, bars, and lobbiesas evidence that people are truly eager to meet, talk, and interact face-to-face.

On renaissance:

We are definitely seeing an incentive travel renaissance, says Cate. She reiterated that people are no longer taking travel for granted, which is also causing individuals to realize how much of a driver travel is both personally and professionally. 

Travel is a universal connector, Cate stressed; and with an industry that鈥檚 focused on promoting and encouraging transformational travel as a motivational tool 鈥 that鈥檚 an enormous opportunity to spark a renaissance. 

Cate, along with Michael, pointed to other positive trends to incorporate into this renaissance period. Cate stressed the importance of tying DEI practices to incentive travel, while Michael focused on specific CSR and sustainability activitiesAccor is offering to help design more holistic incentive experiences. 

Mark agreed with his industry peers, reframing the conversation slightly and stating that he views it as a renaissance period springing from a reminder. All of us as incentive professionals, he said, are being constantly reminded of what the true purpose of incentive travel is and how it affects both participants and destinations. 

Mark says he鈥檚 most excited to see what comes out of chances for us to share and engage with each other as part of incentive experiences, as some of the best ways we鈥檒l be able to add value to a program beyond just the planned incentive itinerary.  

Of course, how this renaissance continues to take shape as we reformulate and return to work in a new year also depends on this community.

Let us know 鈥 what topics do you hope we take on in 2023?

Our thanks to Destination Canada Business Events for sponsoring our final webinar of the year!

Written by

麻豆传媒 Staff

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