Event trends and data
At-a-glance event averages
Cost
$1,500+ per person, per event
Duration
2-3 days
Events per team
2-4 per year
Most-booked destinations
#1 - San Francisco, CA
#2 - Austin, TX
#3 - New York, NY
BoomPop customer survey data
How many company-wide events do you plan annually?
29% = 2 events
27% = 1 event
15% = 6+ events
What is the goal of your next in-person offsite or retreat?
58% = Balance of work and fun
30% = Mostly to relax and have fun
9% = Mostly focused on work
How early do you start booking venues?
37% = 2-4 months
30% = 1-2 months
24% = 4+ months
Common event types
#1
Team offsites and retreats
#2
Company and sales kickoffs
#3
Client summits and events
Our insights on event trends and best practices
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When COVID-19 lockdowns and travel restrictions began to lift, many companies planned events with the simple motivation of gathering their teams in-person. Often, this was the first time co-workers might have met face-to-face after working together for 2+ years, and the potential impact of an event was obvious and palpable.
In the time since, motivations related to events have evolved. Many leaders and teams still appreciate the simple power of gathering in-person, but with more nuanced and purposeful intentions that are tied to their company’s goals.
In a survey of our customers, about 58% stated that their events are a combination of work and fun. We believe the majority of corporate events are most successful when blending socialization, learning, collaboration, and focused productivity.
Common goals we see from customers
Building team morale, cohesion, and engagement
Improving communication, processes, and workflows
Spurring creativity and new solutions
Strengthening client or network relationships
Preventing burnout through wellness and relaxation
Developing trust within leadership teams
Providing a perk or incentive to boost retention
Offering learning and development opportunities
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If you’re planning events that require teams to travel, it’s important to provide value to employees and create value for your organization so that the investment is worthwhile.
The best way to accomplish this is through your event content.
When it comes to event content, we believe variety is key. Even an event hyper-focused on training should still include opportunities for fun, and even a relaxation-oriented getaway should include moments to reflect on personal and professional goals tied to your workplace.
As event strategies within organizations mature, we’re seeing more and more investment into unique and varied event content.
Event content trends
Increased interest in group community service experiences and giving back
More focus on expert speakers and facilitators who provide tangible value
Custom and curated programming that connects with your company culture
Learning and development opportunities that go beyond typical workplace training
A rise in sessions focused on inclusion, mental health, and employee wellbeing
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Across all company types and sizes, we believe most remote and hybrid employees expect to attend 2-4 corporate events per year that require travel, or about 1 event per quarter.
For small companies like startups, events generally bring the entire team together. For larger companies, events in a single year are generally split between team-specific and business unit-specific events.
Assuming a company has 4 in-person events per year, 2 would generally be specific to a small team (e.g. North American sales team retreat, North American sales team training offsite) and 2 would include a broader set of attendees (Global sales kickoff, go-to-market team onsite).
Events with a large number of attendees generally occur in early Q1 or late Q3/early Q4, as travel is less expensive during these times and they don’t overlap with the summer or holiday vacation season.
Large companies generally host a wide variety of events, some of which tend to be scheduled for specific times of the year, and some of which can be more flexible.
Events generally set at the same time every year:
Q1: Company kickoffs, sales kickoffs
Q3/Q4: Annual planning, holiday parties, leadership summits
Events that occur any time of year:
Offsites and retreats
Co-working events
Workshops and trainings
Client events
Incentive trips
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There are a variety of ways to measure the impact of an event, and we walk through them in more detail in this blog post. Here, we’ll briefly break down the two most commons methods.
Post-event feedback surveys
Most companies send a detailed attendee survey immediately following an event. These surveys can be used to gain insight on how attendees regarded specific things like accommodations, dining options, and activities. They can also be used to collect sentiment related to how the event impacted things like engagement, sense of camaraderie, social connections, clarity on goals, and more.
You can find a detailed breakdown of post-event surveys on our blog.
Benchmark and general pulse surveys
Following an offsite or retreat, many companies see positive impacts in their general employee pulse survey. Especially for remote and hybrid teams, meaningful in-person gatherings often boost scores related to engagement, connectedness, clarity, and a sense of purpose at work.
You may want to time your pulse surveys thoughtfully as a benchmark to help track the impact of events. We encourage companies to set goals for their event which are tied to specific metrics they already track. Do you want teams to feel better aligned with the company’s mission? Do you want to ensure teams are collaborating and communicating well? An event can be oriented to meet these specific goals, and changes in surrey results pre-vs.-post event can help measure whether your strategy was successful.
You can find more information about creating employee pulse surveys on our blog.
Optimizing your event budget
In the current economic climate, staying within your budget—and making the most of it—is top of mind for all of our customers.
Aside from BoomPop’s Budget Optimizer, there are a variety of ways to ensure you save money on your event.
Our planners work with you to find opportunities for maximum savings based on your unique needs, priorities, and limitations.
Here’s how to set your budget up for success.
Tips for saving money on every event
Plan as early as possible
Planning early (meaning 4-6 months in advance or more) ensures you have the widest variety of quality options available to you at the lowest possible prices.
The closer your event date comes and the fewer available options you have, the more likely you are to overspend for quality accommodations and travel.
Choose a destination wisely
A convenient location, especially one that doesn’t require your team to fly, will make a significant impact on your spending. But considering flight costs is just one small part of choosing your destination.
You should also consider the activity and dining options in proximity to your accommodations. The more walkable and convenient your destination, the more money you’ll save. Ground transportation adds up quickly and also eats up valuable time you could spend on more meaningful activities.
Align your budget with your priorities
One of the reasons we believe pre-event preference surveys are so important is because they allow you to determine where your money will be best spent.
Find what would make the event most impactful for each unique team and design your budget around their priorities and preferences. Why book a 5 star hotel with an endless list of amenities for a team who’d rather be out exploring nature all day?
Your event experts
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