Radio advertising can be more cost-effective than other forms of advertising, such as TV or print advertising. This is because producing a radio advertisement requires less time, effort, and resources than creating a television commercial, for example. A small business with a limited advertising budget can use radio advertising to promote its products or services without breaking the bank.
The Out-of-Home (OoH) Advertising market is expected to reach a total ad spending of $434.70 million in 2023. The largest contributor to this market is Traditional Out-of-Home Advertising with a market volume of $321 million in 2023. The average per capita ad spending in the OoH Advertising segment is estimated to be $0.31 in 2023.
According to recent research, 80% of youth view transit advertising as an effective medium. This is due to its unique ability to creatively deliver messages and target specific audiences through geotargeting. Additionally, unlike online or broadcast advertising, transit ads cannot be ignored or turned off, ensuring maximum reach and frequency. 69% of the youth believe that transit media has a positive impact on them. They get to see advertisements that they would have otherwise missed and with daily exposure, these ads are retained in their memory, leading to a higher recall rate.
The media inventory in rapid transit systems is growing at a rate of 15%-20% per year due to infrastructure development in India. In Mumbai specifically, the inventory has increased by 25%-30% in buses, 35% in autos, 20% in taxis, and 15% in local trains.
The research found that frequent flyers are highly responsive to airport advertisements, with 80% noticing the media and 42% taking action, such as visiting a website or learning more about a product. 19% of frequent flyers even purchased a product they saw advertised at the airport. The study also shows that airport campaigns drive foot traffic, with 84% of frequent flyers likely to visit a restaurant and 50% likely to visit a clothing store. The research confirms that the longer a traveller spends at the airport, the greater the exposure to advertising, with 74% of frequent flyers arriving more than an hour before their flight.
Railway advertising and branding have become a popular marketing strategies for businesses looking to reach a wider audience in 2023. With the increasing number of commuters using trains for transportation,…
Outdoor advertising is good for any business that wants to reach a wide range of people and raise awareness about its products or services.
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