Posh trips for jobs well-done are fading away
Incentive trips, meetings and events account for 15% of all travel spending, which creates 2.4 million jobs, $240 billion in spending and $39 billion in tax revenue, according to the U.S. Travel Association. Incentive trips - generally, upscale vacations given to high achievers who met certain goals - alone generate about $13 billion a year, according to the Incentive Research Foundation. Motivational meetings and special events generate $64 billion a year. Ref. Source 9