Market Demand:
Given the current demand in the incentive market it is never too early to get started on your 2018 incentive trip or sales kickoff event. The next 3 months is your ideal time to get that contract negotiated. Busy hotels such as The Breakers in Palm Beach, Fairmont Bermuda, and Ritz Aruba are already booked out into 2019 for busy dates. Many repeat conferences and company events book out 3 years ahead to secure ideal dates and meeting space, especially in the finance and insurance world.
We recommend focusing on your RFP process 18 months before your next incentive trip or sales kickoff event. The larger your room block and meeting space needs, the longer time you need to give yourself to secure space. This is especially true if your dates are not flexible. For needs over 200 rooms we recommend almost 2 years ahead of time if you are looking during a busy time in that destination. If you wait until 14 months before you are going to run into an influx of other meeting planners/internal event teams submitting RFP's which forces quick decision turnarounds (1st versus 2nd option holds), drives up prices, and makes negotiations tougher.