Media Economist and Investment AdvisorJack Myers expects advertising and marketing targeting Hispanics to grow between 10% and 20% than in the general market. Myers said this during a function held last week by Terra in New York City. He also expects Hispanic budgets to become more integrated with general market budgets.
Myers highlighted that the emotional connection of Hispanics to editorial content and advertising is, on average, 20% higher than that of general market consumers.
Myers noted that the overall U.S. advertising market amounts to $200 billion, but that, as a whole, marketing expenditures (advertising and promotions, direct mail, Custom publishing etc…) lie at around $700 billion.
For the general online advertising market Myers expects important growth in Video Advertising (+38%) , he also expects search advertising to grow and a decline in online display.
2009 Hispanic report
For 2009, Jack Myers just published a report according to which Hispanic language advertising expenditures are forecast to decline 11.2 percent in 2009 and will rebound slightly with 2.3 percent growth in 2010 according to a new report prepared by Jack Myers Media Business Report. Network television accounts for nearly 50 percent of all Spanish language advertising and, along with online media, it has been the least impacted by the negative trends impacting the advertising industry.