All of this depends on your selected venue, length of stay, and extent of your planner’s services. For example, a two-night retreat with mid-tier vendors can be done on the less expensive side, whereas a full-production premium retreat can push around $5,000 + per guest. Here is the breakdown for the corporate retreat cost in California:
Category Mid-Tier Experience Luxury Experience
Venue & Lodging (per night) $450 – $750 / room $850 – $1,800 / room
Food & Beverage (per person/day) $200 – $350 $450 – $900
AV & Production (total) $5,000 – $15,000 $20,000 – $60,000+
Planning & Execution Fee 15% – 20% of event spend Full turnkey flat fee
So let’s say you are planning on having 50 guests for a two-night retreat in Southern California. For a mid-range retreat, you can do this for around $1,600 per person. If you are going the more premium route, you can do this for around $5,000 +, but keep in mind that group size, AV, vendors, and planning fees can all affect pricing.
Now that the costs are mapped out, the next step is proving the ROI of a corporate retreat to your leadership team. Here are a few measurable outcomes you should aim for when dreaming up your event: executive team alignment, retention signal (90-day eNPS or attrition delta), or decision-making retreats (for retreats built around a specific strategic call).
Are you creating a retreat budget for your team? Our corporate retreat planners will help you map out the agenda and the numbers together.