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MeetingsNet
Study: Compliance, Wellness Programs Are the Biggest Trends of 2018
Feb 15, 2018

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Be the Brand
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More than 80 percent of the value of a business is in its intangibles. Non-cash awards will focus on brand, culture, and innovation.

Budget Growth
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Optimism in the incentive travel industry lead to an average annual per-person spend of $3,915, a 4 percent increase.

The Price Is Not Right
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60 percent of respondents said costs are rising faster than budgets.

Rules and Regulations
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More than 70 percent of respondents said they had made changes to program design, communications, rewards, and/or reporting in order to comply with regulations.

Privacy Please

From PCI compliance to concerns over the EU’s General Data Protection Regulation, program participant data security is a priority.

Tech Trends
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Predictive analytics, artificial intelligence, and augmented reality capabilities will be available for incentive travel, rewards, and events.

Well, Well
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The largest net increase (38 percent) reported by survey respondents was the inclusion of wellness program elements, including fitness, food, and comfort.
 

Unique Destinations

Planners are interested in new and different destinations, for example Puglia, Italy (shown) versus Rome. 

Meaningful Merchandise

There is a strong desire in 2018 not for more choice, but for more meaning.

Get Carded

Mid-size firms on average spend almost half a million dollars annually on gift cards across all programs, while the largest firms each spend over $1 million annually.

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