Outdoor Ad Revenue Grows 8%

June 20, 2007

This article is included in these additional categories:

Automotive | Financial Services | Out-of-Home | Real Estate | Travel & Hospitality

Outdoor advertising industry revenue sustained last year’s strong growth trend, accounting for $1.6 billion in the first three months of 2007 – an increase of 8% compared with the year-earlier period, according to the Outdoor Advertising Association of America.

“The industry’s growth has remained consistent and is significantly better than the total ad industry, which decreased 0.3% in the first quarter of this year,” said OAAA CMO Stephen Freitas.

Other Q1 data reported by OAAA:

  • Outdoor media performance was up in nine of the Top 10 advertising categories for the first quarter of this year.
  • The Communications category posted the largest gain in ad spending, with 20.0%.
  • The greatest spending was in the Local Services and Amusements category, which grew 11.5%.
  • The Insurance and Real Estate category remained strong with a 14.7% increase over the first quarter of 2006, stimulated by agents eager to compete in a cooling housing market.
  • The Automotive Accessories & Equipment category surged by posting strong gains of 13.1% after several quarters of decreased spending.
  • The Automotive Dealers & Services Category was up 6.1% for the quarter.
  • The Restaurants (9.7%), Public Transportation, Hotels & Resorts (3.4%), Retail (0.6%), and Financial (0.1%) categories also experienced increases.
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