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Budgeting

Incentive Budgeting: 3 Ways to Save

31 October, 2018

Want to know how to stretch your corporate travel incentive budget? Here are tips from Thompsons Travel.

Want to stretch your travel incentive budget? Consider these tips from our experts:

1. Location, location, location

When you take airfare, hotel accommodation, food, entertainment and special activities into account, your choice of destination will dramatically affect your bottom line. Which is why Chantal Kliche, Coastal Manager at Thompsons Travel suggests you choose your destination with care.

“Choosing a local destination will certainly stretch your budget,” says Kliche. “However, don’t overlook international destinations with favourable exchange rates, which can give you more value for your money.”

Bernice Hudson, Project Manager TMI at Thompsons Travel adds that nearby countries like Mauritius are popular for incentives because they provide great value. “This is especially true if you opt for all inclusive – that way drinks, conferencing and meals are already factored into your costs.”

2. Don’t get a flight fright – be smart about your bookings

“The further in advance you book flights, the better the airfare should be,” says Kliche. “Or book in the low season to take advantage of group fares.”

However, be sure to adhere to payment timelines in the quotation. “Otherwise bookings can lapse and auto-cancel, which means you would need to get a new quote,” she adds.

3. Take away the guesswork with a little legwork

Hudson concludes that for quality control – and to protect your bottom line, it’s essential to do site inspections ahead of large group travel to ensure venue, accommodation and options selected meet their expectations.

Need incentives? Contact Thompsons Travel today for all your incentive travel requirements and take advantage of our exceptional attention to detail, superb destination knowledge, creativity and passion.

Previous Article How to Maximise the Benefits of your Corporate Incentive
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