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The Hispanic Market Why is Booming?

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Page 1: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

The Hispanic Market Why is Booming?

Page 2: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

55"million""

Hispanics"in"the"U.S."

16""million""

Asians"in"the"U.S."

Sources:)U.S.)Census)Bureau).)2012)Na4onal)Projec4ons)(based)on)2013)popula4on)es4mates).)2012)American)Community)Survey)

)

1""common"language"

10+"languages"

Am I the only person who has noticed that term �multicultural� is increasingly becoming synonymous with Hispanic?

- Mediapost, 1/3/13

No Other Group Compares

Page 3: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

�)The Hispanic community is rapidly becoming the most

influential voice in pop culture, business, and politics; their trendsetting impact will make or break the success of those

seeking to gain brand popularity, market share and/ or win the next election. !

! �))

�))

Source:)Glenn)Llopis,Forbes)Contributor,)January)9,)2013;)The New York Times Article: January 7, 2014 �New Agency, a Spinoff, Will Aim Its Message at a Hispanic Audience��))

Page 4: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

237,771 Hispanics

24% 47% 18%

11%

Source: Census Bureau 2012 Others: South Americans, (Colombians-Venezuelan-Argentinians among others) Central America Guatemala-Honduras)

His

pa

nic

De

mo

gra

ph

ics

Cuban

Puerto Rican

Mexicans Others

SW Florida HISPANIC ORIGIN

Page 5: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

SW Florida Hispanics Are Your Growth Engine

Ft. Myers - Naples

Source: 1- Geoscape. American Marketscape DataStream 2013 Series. 2-U.S. Bureau of the Census,. 3-Collier & Lee County Public Schools. “The data herein contained will be used exclusively for advertising/media decisions related to Univision. Any

other use must be explicitly licensed from Geoscape.”; Ft. Myers DMA Produced by the Geoscape ® Intelligence System (GIS)

$5.8 Billion Projected)2017)Hispanic)Spending)Power)281,000 Hispanics)live)in)Ft.)MyersPNaples)DMA)33% Of)Total)A18P49)Popula4on)is)Hispanic)50% Hispanic)Popula4on)Growth)since)2000)86% Of)Hispanics)Speak)Spanish)at)Home)

Hispanic Student Population

Collier 47% -Lee 35%

Young Families Having Children

1

1

1

1

2 3

Page 6: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

6

Hispanics"Have"Increased""Wealth"and"Spending"Power"•  Ft.)Myers)Household)Income)

53%" 46%"

36%"36%"

6%"10%"

5%" 9%"

2000" 2014"

Hispanics"

$100K+ $75-100K

$35-75K

Under $35K

25%

31%"

34%"

13%"

22%"

2014"

NonGHispanics"

Source: Geoscape. American Marketscape Datastream 2013 Series. Produced by the Geoscape ® Intelligence System (GIS). “The data herein contained will be used exclusively for advertising/media decisions related to Univision. Any other use must be

explicitly licensed from Geoscape.”; Ft. Myers DMA

Page 7: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

Hispanic" NonGHispanic" Hispanic"Index"to"Total"

Birth)of)a)child) 5.6%" 1.3%) 276"

Buy)a)house,)condo)or)coPop) 9.4%" 5.1%) 161"

Get)married) 5.7%" 1.4%) 275"

Go)back)to)school)(for)degree/cer4fica4on)) 21.7%" 4.9%) 284"

Look)for)new)job) 20.5%" 12.0%) 153"

Refinance)home)mortgage) 1.4%" 0.8%) 163"

Plan"to"buy"new/lease"a"new"vehicle" 9.2%" 6.5%) 133"

)7)Source: Scarborough Study 2014 Release 2;

Ft. Myers DMA.

Lifestyle"changes/events"personally plan to do, next 12 months, Among"Adults"18+"

Hispanics"AnQcipate"Experiencing"Several"Life"Stage"Events"

Page 8: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

So what does Targeted

Marketing mean to you?

Page 9: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

Keys to Understanding the Hispanic Consumer 4

It’s)More)than�Speaking)Spanish�)Accultura4ng)is)an)Individual))Journey)It’s)Addi4ve,)not)Subtrac4ve)Cultural)Duality)Creates)Cultural)Appe4te)"""""""

One:"Two:"

Three:"Four:"

9)

Page 10: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

Keys to Understanding the Hispanic Consumer 4

It’s)More)than�Speaking)Spanish�)"""""""

One:"

10)

Page 11: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

Keys to Understanding the Hispanic Consumer 4

)Accultura4ng)is)an)Individual))Journey)"""""""

Two:"

11)

Page 12: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

Keys to Understanding the Hispanic Consumer 4

))It’s)Addi4ve,)not)Subtrac4ve)"""""""

Three:"

12)

Page 13: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

Keys to Understanding the Hispanic Consumer 4

)))Cultural)Duality)Creates))Cultural)Appe4te)"""""""

Four:"

13)

Page 14: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

19%" 67%" 14%"Only"Spanish"

Bilingual"

Only"English"

Spanish:)A)Choice,)Not)a)Necessity))

86% Speak Spanish

Source: Geoscape. American Marketscape Datastream 2013 Series. Produced by the Geoscape ® Intelligence System (GIS). “The data herein contained will be used exclusively for advertising/media decisions related to Univision. Any other use must be

explicitly licensed from Geoscape.”; Ft. Myers DMA Language Based on Hispanics 5+

Page 15: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

Source:)The)Futures)Company)Mul4cultural)Monitor)2013;)Base:)A18+)

)15)

has"a"beWer"understanding"of"issues"that"affect"us."95%

provides"me"with"a"feeling"of"community."94%

is"more"relevant"to"me. 96%

keeps"me"in"touch"with"my"heritage. 96%

�Hispanics in Culture�Content…

Page 16: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

SW FLORIDA LEADING SPANISH STATION

Page 17: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

17)

Latinos are Driven to Purchase Because of Your Ads

52"%"SL"TV""vs."41%"EL"TV"viewers")Purchase"Because"of"Ads"G"TV"

53%"Univision.com"vs."26%"nonGHispanics"online)

Purchase"Because"of"Ads"G"Online"

41%"SL"Radio"vs."18%"EL"Radio)

Purchase"Because"of"Ads"G"Radio"

Source: Simmons NCS/NHCS Spring 2013 Full Year Survey (May12-Jun13), Population Adults 18+; Base: “Online” defined as visited websites in the past 30 days; “Univision.com User” defined as visited website in past 30 days; “Online ad led to purchase” defined with banner ads, email ads, floating ads, full-motion video, pop-up/under, sponsored websites and webpage links – very often, often, or somewhat often. Simmons NCS/NHCS Spring 2013 Full Year Survey (May12-Jun13), Population Adults 18+; Base: “Online” defined as visited websites in the past 30 days; “Univision.com User” defined as visited website in past 30 days; “Online ad led to purchase” defined with banner ads, email ads, floating ads, full-motion video, pop-up/under, sponsored websites and webpage links – very often, often, or somewhat often

Page 18: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

Our"News"

Our"Novelas"

Our"Music"

Our"Flavor"

Our"Sports"

Our"Gossip"

�HYPER LOCAL Content…

Our"culture"

Our""Legends"

Page 19: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

Our"News"

Our"Novelas"

Our"Music"

Our"Flavor"

Our"Spots"

Our"Gossip"

�Hyper local targeting is one way to reach Hispanics by developing campaigns that are relevant to neighborhoods and how Hispanics shop and interact with their community.

Our"culture"

Our""Legends"

Dlatinos Mayo 2015.indd 79 4/23/2015 11:46:33 PM

LOCAL CONTENT

Page 20: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

20)

Bilingual-Bicultural + Millennials = “The Billenials” "

Page 21: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

Our"News"

Our"Novelas"

Our"Music"

Our"Flavor"

Our"Spots"

Our"Gossip"

Our"culture"

Our""Legends"Hispanic audiences are early

adopters of devices and over index in mobile and video consumption.

Hispanics are 1.5x more likely to buy mobile apps and digital media than non-Hispanics.

DIGITAL MARKETING

Page 22: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

DEVELOP VALUABLE CONTENT HERE

ONLINE & SOCIAL MEDIA

According to Facebook, 42% of Hispanics use Facebook in

both languages, 40% use Spanish while the remaining 17% use primarily English.

Page 23: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013
Page 24: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013
Page 25: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013

REPRESENTATIVE LIST OF CLIENTS

•  MCDONALDS •  NCH •  GERMAIN TOYOTA

•  MORGAN & MORGAN •  FUCCILLO KIA

•  PUBLIX •  KEISER UNIVERSITY •  VITAS INNOVATIVE HOSPICE

•  EDISON STATE COLLEGE •  LEHIGH REGIONAL MEDICAL CENTER

•  FIFTH THIRD BANK •  PHYSICIANS REGIONAL MEDICAL CENTER •  HODGES UNIVERSITY

•  KANNER & PINTALUGA •  FORT MYERS TOYOTA •  HARBORSIDE EVENT CENTER

•  PENDAS LAW FIRM •  DEANGELIS DIAMOND

•  NAPLES NISSAN •  FLORIDA EYE HEALTH •  DENTAL EXPRESSIONS

•  STATE FARM •  SUTHERLIN NISSAN

•  EL DORADO FURNITURE •  COLLIER AREA TRANSPORTATION •  LEE COUNTY TRANSPORTATION

•  CONSERVANCY OF SOUTHWEST FLORIDA

Page 26: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013
Page 27: The Hispanic Market Why is Booming? - Gulf Coast PRSA€¦ · SW Florida Hispanics Are Your Growth Engine Ft. Myers - Naples Source: 1- Geoscape. American Marketscape DataStream 2013