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Are you crazy? Let’s talk cents.

Well the title says it all…. You must be crazy if you are not taking advantage of some of the great MICE offers in  Europe and the Middle East.

Morocco

Morocco

Okay – we know how beautiful the destinations are and we may need to learn some new places in the destinations etc but that is why we work with a quality Destination Management Company (DMC) – someone who really is the expert in the destination and brings our programs to life – that is a subject for another blog….We are talking Dollars and Cents in this blog post!

  • Did you know, if you were to run or purchase a program in Europe this year compared to last year – you would save about 20% in exchange rates alone.
  • Did you know, if you were to run or purchase a program in the United Kingdom this year compared to last year – you would save about 10% in exchange rates alone.
  • Did you know, if you were to run or purchase a program in Morocco this year compared to last year – you would save about 17% in exchange rates alone.
  • Did you know, if you were to run or purchase a program in the UAE this year compared to last year it would be the same because the UAE Dirham is pegged to the USD.

So you can see, now is a great time to look at Europe and the Middle East for some fantastic meeting and incentive programs purely for financial reasons.  We could write all day on motivational and experiential reasons, but from a purely financial point of view – it makes sense to do a program in Europe and the Middle East.

MICEport has some of the most respected DMCs in the world with an average of 27 years in business as a Destination Management Company from Ireland, Scotland, England, Wales, France, Monaco, Morocco, Germany, Austria, Italy, UAE and Oman  who will create a great program for your group. Contact MICEport to see how we can bring something new to your international MICE programs as well as our hedged USD rates that we offer to clients inspireus@miceport.com

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Please note this is for informational purposes so please contact your financial department or your accountancy firm for specific requirements related to your company situation.  This is not constituted as advice but rather for illustration purposes.

 
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Posted by on July 6, 2015 in DMC, Exchange rates, Incentives, Meetings

 

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Can You Afford NOT To Have An International Meeting or Incentive!

Euro usdI want to warn you this is a mathematical blog post for international incentives and meetings, please don’t turn off because it will give you and your clients some real saving opportunities for your next international program.

Exchange rates in Europe and the United Kingdom have been dropping and now is the time to buy your international incentive/meeting!!!

As of 20th January 2015 vs 20th January 2014 The Euro vs USD and CAD enables clients in USA and Canada to receive about 15% and 8% more for their program respectively in exchange rates alone.  In the UK, the exchange rate has been a little more stable vs the USD and CAD enabling clients in USA and Canada to get about 6% and 1% more respectively in exchange rates alone!

So what does this mean in reality?

Clients Paying in US Dollars:

  • A EUR£100,000 program in 2014 cost about USD$135,600 and in 2015 the same program would cost USD$115,800 in exchange rates – a saving of US$19,800
  • A GBP£100,000 program in 2014 cost about USD$164,200 and in 2015 the same program would cost USD$151,600 in exchange rates – a saving of US$12,600

Clients Paying in Canadian Dollars:

  • A EUR£100,000 program in 2014 cost about CAD$148,700 and in 2015 the same program would cost CAD$139,000 in exchange rates – a saving of CAD$9,700
  • A GBP£100,000 program in 2014 cost about CAD$182,100 and in 2015 the same program would cost CAD$180,000 in exchange rates – a saving of CAD$2,100

MICEport’s DMCs in Ireland, Scotland, France, Monaco, Germany, Austria, Italy, UAE, Oman can ensure that that your program not only works within your budget and exchange rates but more importantly fits in with your goals and objectives of your program. Our DMCs throughout Europe and the Middle East have an average of 26 years in business.  Learn more about our DMCs at www.miceport.com.

Can you afford not to bring your incentive meeting to Europe and Scotland?

UP Next: Next Wednesday we will be covering some of the Tax benefits you can receive for meetings and incentives in international destinations.

All of the opinions in this blog are used as examples and are based on exchange rates based on 20th January, 2015 information. Rates and pricing is subject to change and is only used to exemplify potential savings.

 

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