What is the average cost of a travel incentive reward per winner?

The answer to this question depends on your budget, the number of people involved, and other factors including market conditions. However, a study performed by the Incentive Research Foundation (IRF) prior to the pandemic reported that top-performing companies invested almost $4,000 in non-cash rewards per employee (1) In May 2022, the IRF advised an increase in non-cash incentives such as travel to align both value and emotion in program participants. Argued the IRF, an unpredictable economy combined with talent shortages means organizations need to recruit, retain and motivate high performers. (2)

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SOURCE:

1 https://bit.ly/3A11O3Z
2 https://bit.ly/3BITt6e