Social media advertising spend by leisure, travel & tourism brands in the US stood at US$481 million by end of 2015, accounting for 4.6% of total social media advertising. During 2011-2015, social media advertising in this industry has increased at a CAGR of 34.8%. This growth is expected to continue in 2016 with brands expected to spend US$615 million, representing an increase of 27.8% over 2015. Over the forecast period (2016-2020), Socintel360 expects social media ad spend by leisure, travel & tourism brands to grow at a CAGR of 21.9% to reach US$1,360 million in 2020, accounting for 4.8% share of the market.
Reasons to Buy This report answers the following key questions: - How is social media advertising spending expected to grow over the next five years? - How much is being spent on social media advertising by leisure travel & tourism brands? - How is social media mobile advertising spending expected to grow over the next five years? - How is social media marketing budget being allocated and utilized by leisure travel & tourism brands?
Report Synopsis This report provides detailed social media advertising spend database, covering in-depth trend analysis by leisure travel & tourism brands for a period of 10 years (2011-2020). This report provides trend analysis through charts and tables. The social media advertising spend database breaks down into following five key areas - - Market Share of Social Media: This report provides social media advertising spend growth dynamics, contextualizing it with broader online advertising spend. - Budget Allocation: This report provides budget allocation by key segments including advertising, staffing, consulting, and technology. - Channel Split: This report provides breakdown of social media advertising spend by desktop and mobile channels. - Industry Split: This report provides advertising spending and growth analysis of leisure travel & tourism brand on social media advertising. - Macroeconomic, Business and Consumer Drivers: Data centric trend analysis of business environment, infrastructure, technology and consumer trends driving the growth of social media advertising spend
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