Corporate Retreat Frequently Asked Questions
What is a corporate retreat?
A Corporate Retreat is an internal event that brings together a specific team to celebrate achievements, discuss strategy, plan ahead and promote team bonding in an area located outside the office. These can include team building activities, private dinners, presentations and breakout sessions, all stitched together to form an engaging and collaborative occasion.
How do I choose a hotel for a retreat?
First, understand the numbers attending your retreat, what their travel requirements are (do they need to have access to a train station nearby etc.), the style of venue that you wish to use and finally, what your venue budget is. Having these factors taken into account will help to narrow down which hotel is the best fit for your retreat.
How do I plan a corporate retreat?
Using an event agency such as Red Blaze can massively help with the planning of your event, as organising an event such as this can be time consuming and at times, confusing. You can find more information on planning your own retreat on our corporate retreat planning page, or head to our corporate retreat planning checklist to download your own pdf checklist.
What is the difference between a retreat and an offsite?
A Corporate Retreat and a Team Offsite are essentially the same thing. They share the same goals and objectives, just with different names. An event such as this can also be called a Strategy Event, Team Trip, Company Retreat, Corporate Offsite, or Team Away Day.
How much does a retreat cost?
A Corporate Retreat can vary in cost depending on your requirements. For example, a retreat with more days will cost more than a single day event, and opting for more premium enhancements such as private dining or exclusivity can push your budget up even higher. As a rule of phumb, a 1-night Corporate Retreat with all inclusions can cost anything from £500 to £1,500 per person.
Are corporate retreats tax deductable?
Yes, however this is dependant on whether you define a clear documented business objective. The retreat must show to add value to the business and to the attendees in order to promote its case on being tax deductable. Increasing elements such as strategic sessions, meetings, thought leadership experiences and motivational speakers, whilst reducing elements of downtime, leisure and entertainment will help you build an appropriate business case.
