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5
Nov/dec 2011
micePLACES.com The Magazine
Cash Incentives Not
Always the Best Motivator
The widely held belief that cash incentive awards are always the most effective
employee motivator has been questioned in a new research review conducted
by the Incentive Research Foundation (IRF) and the Incentive Federation. 
Examining a wide variety of studies in various industries, the audit found that
non-cash awards can actually capture an employee’s imagination better than
cash – thereby
motivating them
to increase
performance.
For business
executives focused on the bottom line this study proves extremely valuable
and forces the question, “Does your company have the right award mix in
place?” To read the full report, go to
Puerto Rico Continues MICE
Development
According to offcials at the Puerto Rico Tourism Company, hotel
development and investment in the Island’s tourism industry continues to
be a major economic driver. The country currently has a €706.4 million
Euro/$1 billion USD investment in hotel construction, with 20 projects
in various stages of development aimed at bringing the island’s room
count up to 15,000 by the end of 2012. Some highlights:
• In San Juan, the San Juan Marriott Resort & Stellaris Casino is
completing a €1.5 million Euro/$2.2 million USD lobby redesign,
and the hotel recently underwent a €24.7 million Euro/$35
million USD room overhaul and €1.4 million Euro/$2 million USD
renovation on its outdoor poolside dining areas.
news
wire
• The Wyndham Garden
brand recently entered
the Puerto Rico market
with the addition of the
107-room Wyndham
Garden at Palmas del
Mar. The former Four
Points property features
557 sqm/6,000 sqft of
meeting space that can
accommodate groups
of up to 400.
• The Ritz-Carlton
Reserve Dorado
Beach Resort & Spa
is on track to open
in late 2012 in the
former setting of the
renowned Laurance
Rockefeller property
in Dorado Beach. The
low-rise, low-density
hotel will include 100
guestrooms and 14
one-bedroom suites,
including six with
rooftop pools.
• In 2013, Fairmont Hotels & Resorts will roll-out its brand in Puerto
Rico when it opens a 500-room property on the site of the former
Hyatt Regency Cerromar in Dorado. 
continued on page 6
Czech
Republic
A Stunningly
Different
Destination
Vinohradska 46, Prague 2, 120 00, Czech Republic
Phone: +420 221 580 623
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11.3.2011 11:19:21

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