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Discover Latest #Purchasing power News, Articles and Videos with Contenting
Purchasing power news, articles and videos from leading business publications from around the world. Find the latest news on purchasing power and other financial topics related to it.
Air travel demand at risk from inflation-driven spending cuts - BusinessWorld Online
RISING INFLATION in the Philippines, which reached 4.4% in July, is likely to reduce consumer spending on leisure travel and could weaken overall demand for air travel, according to analysts. “Persistent inflation reduces purchasing power, so it can affect demand for leisure air travel,” Enrico P. Villanueva, a senior lecturer at the University of the […]
Research: Consumers Spend Loyalty Points and Cash Differently
Do consumers treat loyalty points the same way that they treat traditional money? And, how do they choose to spend one versus the other? The authors of this article present research findings from their analysis of data describing over 29,000 unique loyalty points earning and spending transactions made during two recent years by 500 airline loyalty program consumers. They found that points users fell into four distinct categories: 1) Money advocates, who prefer cash over points, even when their value is identical in terms of purchasing power; 2) Currency impartialists, who regard points and cash interchangeably, valuing them equally based on their financial worth; 3) Point gamers, who actively seek out the most advantageous point redemption opportunities, opting to spend points particularly when their value significantly surpasses that of cash; and 4) Point lovers, who value points more than money even if their purchase power is the same or lower. This article explores the strategic implications of these findings for companies that manage loyalty programs.
Nature-related risk: legal implications for central banks, supervisors and financial institutions
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.