Bang for your Buck - The effectiveness of advertising in international media |
|
Adobe PDF Format - 671K
Bang for your Buck – The effectiveness of advertising in international media finds that increased advertising in international media leads to stronger brand preference, more brand recommendations, and, crucially, more product sales.
The pan-European analysis, covering travel, luxury goods and financial services categories, employed three separate approaches to assessing the effects on sales and brand attitude shifts between consumers with high and low levels of exposure to international media.
Further, consumers who have relatively high consumption of international media attach a greater importance to brand over other drivers of choice.
This new analysis suggests that an extra ten per cent of advertising expenditure in international media, by the seven national tourist boards studied (an average of $3m per year between 2001 and 2007), could have resulted in an average of 70,000 of additional visitor trips each year. And by using survey and advertising data for over 85 brands in the airline, hotel and financial services sectors, PwC found a statistically significant, positive relationship between advertising expenditure and brand preferences.
Bookmark with: