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Tourism Economics
Market Research
Philadelphia, Pennsylvania 24,495 followers
Fusing travel industry expertise with world-class economic tools to empower organizations around the globe.
About us
Tourism Economics—an Oxford Economics company—combines deep knowledge of tourism dynamics with rigorous economics to answer the most important questions facing destinations and corporations around the world. --- Oxford Economics is a leader in global forecasting and quantitative analysis. Our worldwide client base comprises more than 1,500 international corporations, financial institutions, government organizations, and universities. Our best-of-class global economic and industry models and analytical tools give us an unmatched ability to forecast external market trends and assess their economic, social and business impact. Contact us at [email protected].
- Website
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http://www.tourismeconomics.com
External link for Tourism Economics
- Industry
- Market Research
- Company size
- 201-500 employees
- Headquarters
- Philadelphia, Pennsylvania
- Type
- Privately Held
- Founded
- 1981
- Specialties
- Economic Consulting, Analysis of Origins & Destinations, Policy Analysis, Market Assessment, Market Allocation Insights, Country Forecasts, City Forecasts, Aviation Forecasts, Hotel Data Forecasts, and Trends
Locations
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Primary
303 W Lancaster Avenue
Suite 2E, Wayne
Philadelphia, Pennsylvania PA 19087, US
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Abbey House, 121 St. Aldates
Oxford, Oxfordshire OX1 1HB, GB
Employees at Tourism Economics
Updates
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Tourism Economics reposted this
During his presentation at the 2024 Hotel Data Conference (HDC), Tourism Economics' Aran Ryan spoke about how the U.S. #economy is slowing, but it's doing so in a way that will support more sustainable growth. https://bit.ly/3WUtmlL
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Visitation to Buncombe County generated $2.97 billion in 2023—20% of the county's total annual economy. Travel serves as an economic powerhouse for destinations across the globe and organizations like Explore Asheville are a prime example of the important role DMOs play in supporting local communities. 🌎 Learn more: https://lnkd.in/ektEVHAt
Visitors to Buncombe County generated a record-breaking $2.97 billion in 2023, according to Tourism Economics and Longwoods International data. Three billion dollars equates to 20% of Buncombe County’s total annual economy. Nearly $3 billion in visitor spending benefits a wide variety of businesses – 70% of spending took place outside of lodging businesses -- in restaurants and breweries, retail shops and galleries, with tour outfitters and transportation providers. Nearly 2,000 Explore Asheville partner businesses and organizations both serve and benefit from guests to our community. We are grateful for travel and hospitality businesses and their team members for delivering quality experiences and services to customers every day. This virtuous cycle is what makes travel such an economic powerhouse, job creator and community builder for our Asheville, Buncombe County and the state of North Carolina! Other key findings on the #economicimpact of #visitors in Asheville and Buncombe County can be found in this report: https://lnkd.in/ektEVHAt
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The cruise industry is amid a renaissance. Director of Cruise Analytics Christian Savelli will join the industry to explore the latest in deployment, port dynamics, pricing and cruise passenger forecast trends. Join us on August 22 for this interactive, visual webinar using the Cruise Intelligence Platform to extract strategic and tactical insights for action. Register here: https://okt.to/L8Ay76
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Join us as Tourism Economics' Erik Evjen and Chuck Davison, CDME connect the dots between destination marketing campaigns and their measured economic impact in communities. ⤵️ Learn more: https://lnkd.in/etRvj4x2
Understanding the true economic impact of destination marketing initiatives is paramount to evolving strategy and driving advocacy. Join Tourism Economics for this dynamic session and learn how to track which digital visitors become actual visitors to your destination: https://lnkd.in/etRvj4x2
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The travel economy maintains strong momentum as we head into late summer. ✈️ Airport volumes clocked record numbers, hotel demand rebounded in Q2 and surveys suggest travel remains a priority for consumers. 📊 For example, in their Q2 Portrait of American Travelers survey, MMGY Global found nearly all income groups are showing an increase in intentions to travel. Scroll for more travel demand updates and sign up to receive our monthly newsletter for a deeper dive into key economic and industry trends: https://lnkd.in/e-2-qSYu
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The Paris Olympics are in full swing. Tourism Economics Economist Chloe Parkins joined BBC News to highlight the Game's impacts on tourism recovery in Paris and beyond. 🥇 International arrivals into Paris are expected to rise 14% above 2019 levels, compared to an 11% increase for France this year.
Chloe Parkins with BBC: Paris will benefit from the Olympics, but not immediately during the Games
oxfordeconomics.com
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The Phoenix metropolitan area welcomed 46.7 MILLION visitors in 2023, generating $22.8 BILLION in total economic impact. Learn more about the benefits travel and tourism deliver to local households, businesses and governments below ⤵️
How many visitors do you think graced the Phoenix metropolitan area in 2023? 5 million? 12 million? 20 million? You're still way off - more like 46.7 million! And with that, what do you think the total economic impact of tourism was for our city and region? Its well outside of anything in the millions, try $22.8 billion (count it!) - yes, billion. The story of Greater Phoenix in 2023 was one of remarkable growth, driven by the magnetic allure of its landscapes, experiences, people and events. The latest Tourism Economics Economic Impact study unveils how the travel and tourism sector has not only enchanted millions but has also become an economic powerhouse for the region, encompassing Maricopa and Pinal Counties. This study highlights the profound benefits that visitors bring to local households, businesses, and government, emphasizing tourism's pivotal role in shaping the region's prosperous future. This study also underscores the transformative impact sports tourism and mega-events have on our destination. In 2023 alone, Phoenix hosted Super Bowl LVII and the World Baseball Classic, in addition to a World Series appearance from our Arizona Diamondbacks, and our annual Cactus League Spring Training season. Each a spectacle in their own right, these events drew hundreds of thousands of visitors to the area. Looking ahead, the future of sports tourism in Greater Phoenix is bright, and with an impressive lineup of events on the horizon, we’re set to continue this positive trajectory. With the 2024 NCAA Men’s Final Four and the 2024 WNBA (Women's National Basketball Association) All-Star Game having just took place, in addition the 2026 NCAA Women’s Final Four and the 2027 National Basketball Association (NBA) All-Star Game, travel and tourism will continue to drive economic growth and provide unparalleled exposure for our city and region. Travel and tourism remain an undeniable anchor in the growth and evolution of the Sonoran Desert; we continue to bolster our legacy as a one-of-one destination defined by unmatched hospitality and endless opportunity, and together, we will continue to show the world that Phoenix is always a good idea. We’re always moving forward; Phoenix is ours to share and a place for all to keep.
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Tourism Economics reposted this
Are you or do you know a stellar candidate who can join our fast-growing Tourism Economics business development team. With upcoming product innovations and targetting new market expansion, come join our dynamic team at this pivotal moment!
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Travelers across the globe felt the effects of the CrowdStrike outage as it grounded thousands of scheduled flights. While operations have steadied, the risk of disruptions remains as major airlines work to recover. Read on for an in-depth look at how commercial airlines were impacted and where the effects were felt most: https://lnkd.in/gq6ZNHQ2 Explore more on the hidden costs of downtime in business: https://lnkd.in/gz4eR3Gd