Top Story

e4m_logo.png

Home >> Out-of-home >> Article

Amusement parks increasing ad spend on Outdoor Advertising – Sanjeev Gupta

26-April-2016
Font Size   16
Share
Amusement parks increasing ad spend on Outdoor Advertising – Sanjeev Gupta

The Indian amusement parks industry is at a nascent stage which is expected to grow at a rate of 20% annually. According to the 'Indian Association of Amusement Parks & Industries’ (IAAPI), for a population of 1.2 billion in the country, there are only 120 amusement parks and 45 family entertainment centres (FECs). This indicates that the growth potential of Indian amusement and theme park industry is substantial and therefore, the investment on advertising has also gone up. The latest ad spend suggests that during the summer season, these parks have significantly increased their budget on outdoor advertising to tap into the interest of families and youngsters.

Anticipating this demand, Sanjeev Gupta, MD, Global Advertisers, says, “Amusement parks have now become a new source of entertainment for discerning Indian families, given the fact that they have more disposable income and are ready to spend on leisure. As per the data, this sector is going to touch $1.8 billion with nearly 500 new parks by 2020. With this kind of potential, we are hopeful to see great demand of outdoor advertising in the near future."

 He further added, “Recently, we executed the outdoor campaign for Snow World, Adlabs Imagica and Water Kingdom. They have varied messages to communicate to their potential customers - such as introducing summer packages, launching new rides, celebrating special days such as women’s day or festivals, adding new themes such us snow village - through an outdoor campaign. We have witnessed 15-20 percent increase in the engagement of hoardings by the entertainment parks in this summer season."

 50 million people visit these parks annually in India and this sector is expected to grow by 10-15 per cent (CAGR). Consequently, this number is likely to touch around 75-80 million in a few years. With the help of outdoor advertising along with other media such as TV, Radio and Digital promotions, this sector can expand its reach further.   

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Though business has picked up, the private FM industry expects festive ad spends to be subdued compared to 2016