Oxford Economic Papers

New Study: Disney Generates $40 Billion in Annual Economic Impact in Florida and Over Quarter of a Million Jobs

Retrieved on: 
Tuesday, November 14, 2023

For every direct job on-site at Disney, an additional 1.7 jobs are supported across Florida.

Key Points: 
  • For every direct job on-site at Disney, an additional 1.7 jobs are supported across Florida.
  • Disney revenues and off-site visitor spending contributed to $12.1 billion in total labor income in fiscal year 2022.
  • The study, which was commissioned by Disney, also reflects the economic impact of Disney Signature Experiences in Florida, including Disney Vacation Club and Disney Cruise Line.
  • If history is any indication, when Disney invests in Florida, its residents and businesses benefit.

Important Silver Demand Drivers to Effectively Double Rate of Growth Over Next Decade

Retrieved on: 
Wednesday, November 8, 2023

WASHINGTON, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Three key sectors of global silver demand – industrial, jewelry and silverware – are significant drivers for annual silver consumption and accounted for nearly three-quarters of the world’s demand for silver in 2022.

Key Points: 
  • WASHINGTON, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Three key sectors of global silver demand – industrial, jewelry and silverware – are significant drivers for annual silver consumption and accounted for nearly three-quarters of the world’s demand for silver in 2022.
  • This stands in contrast to investment demand for silver, which was a sturdy 27 percent of overall silver demand last year.
  • Their report, “Fabrication Demand Drivers for Silver in the Industrial, Jewelry and Silverware Sectors Through 2033,” was commissioned by the Silver Institute to examine and forecast the growth rates of key sectors of global silver manufacturing demand, and to gain insight into how demand will change over the next decade.
  • The consultancy found that the combined output of silver industrial, jewelry and silverware fabricators is forecast to increase 42 percent, effectively double the growth rate over the previous decade, 2014-2023.

Nearly Half of BNPL Consumers Prefer Pay-in-4 Over Credit Cards as They Look for More Choice at Checkout

Retrieved on: 
Wednesday, October 25, 2023

Additionally, the report reveals that two in five American consumers use BNPL services, with Afterpay being the most trusted BNPL offering among those who had tried it.

Key Points: 
  • Additionally, the report reveals that two in five American consumers use BNPL services, with Afterpay being the most trusted BNPL offering among those who had tried it.
  • A majority of the BNPL customers surveyed believe that it helps provide an alternative to paying high-interest credit card debt (70%).
  • Customers who use Afterpay valued its BNPL services more, over three times higher than other BNPL providers in the survey.
  • The low cost and convenience of BNPL services over credit cards is especially favored by Afterpay customers.

New Study Reports Incentive Travel Growth, Variations by Industry Sector

Retrieved on: 
Monday, October 16, 2023

LAS VEGAS, Oct. 16, 2023 /PRNewswire-PRWeb/ -- The newly released 2023 Incentive Travel Index (ITI) reports that, overall, the incentive travel industry is strong. Growth is projected through 2025 for both number of people participating in incentive trips as well as per-person spend. That said, tangible financial ROI and concerns around cost are indexing higher than previous studies, highlighting a underlying caution that stems from an uncertain geo-political, economic, and environmental backdrop. While industry-wide trends emerged, the study reflects variation by geography as well as by industry sector.

Key Points: 
  • The newly released 2023 Incentive Travel Index (ITI) reports that, overall, the incentive travel industry is strong.
  • LAS VEGAS, Oct. 16, 2023 /PRNewswire-PRWeb/ -- The newly released 2023 Incentive Travel Index (ITI) reports that, overall, the incentive travel industry is strong.
  • The Incentive Travel Index is joint initiative of the Incentive Research Foundation (IRF) and the Foundation of the Society for Incentive Travel Excellence (SITE Foundation) and is undertaken in partnership with Oxford Economics.
  • For additional key findings from the 2023 Incentive Travel Index study as well as reports from previous years, visit https://www.incentiveindex.com/ .

Air Partner Business Travel Charter Solutions: Beyond Business as Usual

Retrieved on: 
Monday, October 2, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231002755482/en/
    “While private charter is not the solution for every individual trip or group movement, given the right circumstances, the benefits of private aviation for business travel justify the cost,” said Erica Merrill, Director of Business Development at Air Partner , whose extensive background includes experience managing corporate travel accounts across multiple industries.
  • “Too many companies try to cut costs on transportation for business travel, with potentially detrimental results, including decreased productivity and missed opportunities.
  • More recently, according to a study by Oxford Economics, each dollar invested in business travel produces $12.50 in revenue and $3.80 in profits.
  • “Air Partner’s charter services are geared to work for companies by providing transportation solutions that enhance business travel for employees on the move, rather than make it a grind.”

Fujitsu global survey highlights four keys to successful sustainability transformation, providing insights from 1,800 business leaders

Retrieved on: 
Thursday, June 29, 2023

In collaboration with Oxford Economics, this seventh survey explores the current status of sustainability transformation, including how digital transformation contributes to the achievement of sustainability goals.

Key Points: 
  • In collaboration with Oxford Economics, this seventh survey explores the current status of sustainability transformation, including how digital transformation contributes to the achievement of sustainability goals.
  • The findings of this survey will help Fujitsu to address the challenges of realizing a sustainable world with customers through Fujitsu Uvance.
  • In collaboration with Oxford Economics, Fujitsu conducted this survey to clarify the state and the success factors for sustainability transformation.
  • The survey revealed that only 8% of organizations are true sustainability leaders, developing organizational capacity, implementing strategies, and delivering outcomes toward the realization of sustainability transformation.

Turning Stone Resort Casino Announces Details of $370 Million Evolution; Largest Expansion in Resort History

Retrieved on: 
Monday, July 24, 2023

Oneida Indian Nation Homelands, NY, July 24, 2023 /PRNewswire-PRWeb/ -- The Oneida Indian Nation today announced details of its $370 million capital investment in the largest evolution of Turning Stone Resort Casino in two decades. More than an expansion, this reinvestment will be a complete evolution of the region's premier resort destination with a new conference center, outdoor event spaces, hotel, and more to fully reimagine Turning Stone for generations to come. The Nation has partnered with world-renowned architecture and design firm Gensler, and will break ground on this massive two-year project early next year. Along with its $370 million reinvestment, the Turning Stone evolution will generate a $616 million one-time economic impact, create 3,600 one-time jobs and generate $22.1 million in state and local tax revenues.

Key Points: 
  • The Oneida Indian Nation today announced details of its $370 million investment in the evolution of Turning Stone Resort Casino, the largest in the resort's history.
  • Oneida Indian Nation Homelands, NY, July 24, 2023 /PRNewswire-PRWeb/ -- The Oneida Indian Nation today announced details of its $370 million capital investment in the largest evolution of Turning Stone Resort Casino in two decades.
  • Along with its $370 million reinvestment, the Turning Stone evolution will generate a $616 million one-time economic impact, create 3,600 one-time jobs and generate $22.1 million in state and local tax revenues.
  • "The Turning Stone Evolution is much more than just an expansion," said Ray Halbritter, Oneida Indian Nation Representative and Oneida Nation Enterprises CEO.

BAE Systems: New Research Highlights Defence’s Contribution to British Jobs and the Economy

Retrieved on: 
Friday, June 30, 2023

Newly-released research carried out by Oxford Economics shows the extent of BAE Systems’ contribution to the UK economy, including creating highly skilled jobs, funding world-leading research and sustaining a vibrant national supply chain.

Key Points: 
  • Newly-released research carried out by Oxford Economics shows the extent of BAE Systems’ contribution to the UK economy, including creating highly skilled jobs, funding world-leading research and sustaining a vibrant national supply chain.
  • View the full release here: https://www.businesswire.com/news/home/20230630843316/en/
    A BAE Systems apprentice at one of the Company’s Academies for Skills and Knowledge in Barrow-in-Furness, Cumbria.
  • This critical work relies on the skill, expertise and dedication of employees, contractors, trade unions and suppliers across the country.
  • BAE Systems commissioned Oxford Economics to carry out an analysis of the economic impact of its UK operations.

Checkout.com launches Intelligent Acceptance, an AI-powered optimization engine that boosts acceptance rates and increases merchant revenue

Retrieved on: 
Tuesday, June 27, 2023

"Since going live with Intelligent Acceptance, the authorization rate of payments processed on Checkout.com's rails has increased by nearly 10%.

Key Points: 
  • "Since going live with Intelligent Acceptance, the authorization rate of payments processed on Checkout.com's rails has increased by nearly 10%.
  • Intelligent Acceptance optimises across the complete payment flow, including pre-processing aspects like messaging & routing and post-processing with adaptive retries.
  • Merchants also have complete control over which stage of the transaction journey is improved and the criteria that Intelligent Acceptance optimises for, including; maximising acceptance rates, lowering transaction costs, or both.
  • Acceptance: Network Tokens can offer better acceptance rates, lower interchange fees and a more secure way to share card information.

Checkout.com launches Intelligent Acceptance, an AI-powered optimization engine that boosts acceptance rates and increases merchant revenue

Retrieved on: 
Tuesday, June 27, 2023

"Since going live with Intelligent Acceptance, the authorization rate of payments processed on Checkout.com's rails has increased by nearly 10%.

Key Points: 
  • "Since going live with Intelligent Acceptance, the authorization rate of payments processed on Checkout.com's rails has increased by nearly 10%.
  • Intelligent Acceptance optimises across the complete payment flow, including pre-processing aspects like messaging & routing and post-processing with adaptive retries.
  • Merchants also have complete control over which stage of the transaction journey is improved and the criteria that Intelligent Acceptance optimises for, including; maximising acceptance rates, lowering transaction costs, or both.
  • Acceptance: Network Tokens can offer better acceptance rates, lower interchange fees and a more secure way to share card information.