Recent research of 55 member companies from the Business Travel Coalition, based in Radnor, Pa., found that 52 percent of respondents plan to increase their incentive budgets in 2005, with the average increase estimated at 8.9 percent. The average cost for incentive trips in 2004 was $5,806 for winners and their guests.
Other survey highlights:
The average number of attendees per trip was 242
The majority of trips ran five days and four nigh