Incentive Travel Market Size and trends
The global incentive travel market is estimated to be valued at USD 49.33 Bn in 2025 and is expected to reach USD 100.56 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 10.7% from 2025 to 2032.
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Various factors such as increasing spending of corporations on rewards and recognition programs, growing need for engaging and motivating employees, and rising demand for premium events and experiences are expected to drive the demand for incentive travel programs. Additionally, the demand for premium events and experiences as part of incentive travel is on the rise. These factors are expected to support continued incentive travel market expansion between 2025 and 2032.
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