3 Benefits of Third-Party Incentive Travel Companies

by: Luke Kreitner August 4, 2017

Third-Party Incentive Travel CompaniesIf you have an in-house event planner, you may feel you don’t need relationships with other third-party incentive travel companies. What good would having another expert do?

Quite a lot, in fact.

The expertise of an incentive travel company acts as a perfect complement to your in-house event planner. While your employee has the insider knowledge about your business, the travel incentive expert has their finger on the pulse of industry trends and best practices.

When combined, they create unique, memorable and valuable experiences designed to reward your channel partners.

The Value of a Great Reward Trip

When it comes to incentive travel, the goal of every company should be increasing morale and driving further channel parnter engagement. You want your top talent to come back refreshed, with a renewed sense of purpose and a drive to excel.

Sure, you could give a cash bonus. But those are significantly less memorable and offer no additional halo effect to the business.

After all, you want your channel partners bragging about this trip. You want other employees and channel parnters to be a little envious of the winner. And you want to create a gold ring ideal that pushes all of them to outperform, driven by the hope that they will win it in the following year.

But most of all? You want to create measurable performance improvements across the board. This, above all else, is what delivers real value and bottom line benefits.

Where a Third-Party Travel Incentive Company Adds the Most Value

To do all of that well (and in a cost-effective manner!), you need someone who can translate the goals of your enterprise into something unique and extraordinary. Instead of wasting valuable employee time attempting to identify vendors, secure travel logistics, and negotiate a budget, let an expert do all the heavy lifting.

With that in mind, here are the three biggest advantages you’ll see when leveraging a travel incentive pro for your next corporate event:

1. Industry expertise that’s second to none. The adage, "If you're going to do something, do it well," is what applies here. Incentive travel is what these folks live and breathe, day in and day out. Most have years (if not decades) of experience planning and executing exciting incentive travel programs. That time and dedication to the craft allowed them to build a network of connections, as well as a system for flawless delivery and on-the-spot troubleshooting. So, while they focus on curating experiences and settling logistics, your planners can go about the rest of their work: focusing on the details and impressing the management team. And the result? An effortless event sure to wow the crowd.

2. Broad reach and an insider network. Remember that network of connections we just mentioned? We're talking thousands of direct relationships available for you to leverage. On a budget? No problem: they have a list of economical destinations sure to please. Want to focus on fine dining? They can arrange a private Chef's dinner right inside the kitchen. Looking for a location with cultural flair? Local connections and an in-depth understanding of each site make it easy. The opportunities available to you multiply exponentially when you leverage their networks. So, why do ordinary when you could have extraordinary?

3. Significant savings. We know this seems counterintuitive. After all, aren't you paying more by bringing in an outside company? But hear us out. Being well-versed in the rewards sector means they can easily review location deals, offer up comparable alternatives, and negotiate the most competitive going rates. In other words, they are singularly equipped to find the best deals and rewards within your given budget. By trading on relationships, they can bring prices down. And familiarity with vendors means they know where and how to ask them for additional freebies. Plus, when you add up all the time you’re saving in-house employees, the value is impossible to ignore.

These three benefits are just the tip of the proverbial iceberg. The savviest companies already know that the benefits don't stop there!

Partner Up with the Best in the Business

When it comes to selecting your third-party incentive travel partner, you want someone at the top of their game. You should be looking for a partner with a vast network, and experience creating reward programs for companies both big and small.

And that’s why you need Incentive Solutions.

Whether you're planning a business-focused corporate retreat or incentive trip for your top performers, we’ve got the best options for you. Get in touch with our team at Incentive Solutions today and let us fill you in on all the other great perks that come when you hire one of the best third-party incentive travel companies around.