2022-12-15 00:00:00
Incentive travel in Spain, within the business tourism sector, is experiencing unstoppable growth as a way of rewarding employees. Activities like team building, getaways to strategic destinations or trips to a coastal spot as a prize undoubtedly improve productivity and talent retention. What other reasons make incentives a tool for business growth?
Did you know that business tourism currently generates around €20 billion a year in Spain? This is shown by studies from the Iberian Business Travel Association, which reveal very telling data: MICE tourism is growing by between 2 and 3% a year in our country, largely thanks to the incentive segment.
Incentive trips can help employees relax and take time to enjoy unique experiences. This motivates them to stay committed to the company and gives them the chance to meet other team members, building better relationships along the way. It is one of the reasons incentive trips have become such a strategic tool.
Incentive trips improve employee satisfaction because they live memorable experiences they would not get any other way. They also offer a different perspective on work, which helps keep them motivated.
On the other hand, employees also benefit from the chance to interact with people from different areas of the company, which translates into a better understanding of the business and its operations — much like well-run corporate meetings and conventions. As a result, talent retention is greatly favoured.
In Spain, incentive travel is booming, as we have seen at our MICE agency, where we produce events in cities as important and full of opportunities as Madrid — the ideal place to organise corporate events. Its corners, venues, hotels and gastronomy make the Spanish capital an idyllic setting not only for doing business, but also for designing extra-corporate activities. As a DMC in Madrid, we know it inside out.
Finally, at CREA Group we point out that, beyond understanding why to invest in incentive travel, it is important to keep some key strategies in mind to maximise the returns on the investment. These include designing flexible incentives to meet different objectives, and carefully planning the trips to ensure the best possible experience while meeting all the company's goals.
Do you want to learn more about incentive trips and keep up with the latest trends? Get in touch with CREA Group!
Borja Llopart is CEO and founder of CREA Group Events & DMC. With over 20 years of experience in the MICE industry, he specialises in organising corporate events, congresses, meetings and incentive trips in Spain. He served on the Board of SITE Spain & Portugal for close to seven years, including as president of the association, and since 2020 he has been a member of the Tourism Committee of Foment del Treball.
👉 Connect with Borja on LinkedIn.
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