Showing posts with label Advertising spend. Show all posts
Showing posts with label Advertising spend. Show all posts

Saturday, February 24, 2024

On that January advertising slump which stretched to February

When I spoke of the January advertising slump (here), Naji Boulos of Jicebe joked that hopefully it will not stretch till February or March. Here we are, almost end of February, and what do I see on the streets? An Istikbal 40% sale... For Christmas! Christmas! Not on one passing billboard but on - literally - a dozen. Other panels are simply empty, others still have remnants of Christmas offers that got torn down but never replaced with anything new.

I wish, really wish, I was not the messenger of doom and gloom. But seriously, how long can an ad remain before its colors get faded by the sun. Or before whatever occasion it is blasting is done and dusted. Yes, yes, I know there are a few ads here and there. But take out that massive (lovely) campaign by Omo and are we left with? Not much to be honest. Yes, there are a few billboards I shall comment on. But brands and marketing departments are counting their pennies, this is so obvious. And we are only in February - it's not like they spent everything and they are trying to scrap the bottom of the barrel. But perhaps the barrel is pseudo-empty.

Once more, I shall talk about the new ads in town. But make no mistake, when you have a 40% Christmas discount on the last week of February, this should make you think!

Tuesday, October 18, 2022

Will the 2022 numbers be better than 2021 for Lebanon when it comes to ad spend?

Artwork by Tarek Chemaly

The 2021 numbers were very, very dismal (here).

The official 4.5 USD/per person - a negligible spend if there was ever one - has been watered down to 2.5 USD/per person according to the always rational Naji Boulos. His figures make more sense truth be told than the official 4.5. The billboards are a clear indicator - campaigns last year spent months and months being hanged on the OOH (Out of Home) panels without being changed. This year - there were elections. The parliamentary ones. Yay? Well, sort of - apart from the Lebanese Forces spending 13 million Dollars on a (widely mocked) campaign (here), the spending by political parties was way less than the usual projected figures.

Many political parties are now pariahs internationally (or by their usual patrons from the outside), so the usual financial lifeline was not extended to them. Another reason is that what's with the elections happening on time was hanging by a thread many parties refrained from spending until sure the elections were actually a done deal (so investment in ads started very late). Also, the 2019 "revolution" saw politicians and political parties under a very bad light, so spewing messages glorifying those parties or politicians was not exactly seen as good tactics (oddly, the results of the elections basically brought back the same people who thought they were to be crushed, and the Lebanese Forces investment brought only a dismal gain politically).

In short, the elections were not exactly what should have been a financial gain for everyone involved including - but not limited to - advertising agencies (here) as it was obvious that this time around, and again to save budget and money, a lot of the work seems to have been done in-house (meaning inside the political parties' machinery).

And now what? Back to school came and went with basically little to tell, Independence Day judging from last year was basically little to write home about, and of course then comes the holiday ads (but am discounting end-of-year parties as restaurants and hotels stopped hiring top-tier artists who are seeing their fortunes elsewhere - much in-demand singer Elissa is celebrating New Year's Even in Saudi Arabia this year it seems).

Everything is always an "opinion" rather than a fact. There are a lot of optimists in the scene, and some are more rational (such as myself). Certainly, we all miss the times when we had to pick and choose the ads we reviewed or put on our publications when now there are too little to pick from. Or that perhaps most times we need to track them down on social media rather than outdoor spaces. After the many ads that resorted to illustration and animation to cut down costs - a technique many a company used last year - there is a slight return to live shoots even if of course everyone is trying to cap budgets (the Bellvie ad is a good example - here). 

Well, they say that such crises separate "the men from the boys" (is this a mysogynistic saying?) - then later, hopefully not much later, a new scene will emerge. A leaner, stronger one.

Monday, July 4, 2022

Advertising spend was 4,5 Dollars/person in Lebanon in 2021 (UPDATE)

Artwork by Tarek Chemaly

There. It's official.

Lebanon suffered 69% loss in ad spent between 2020 and 2021 as estimated by IPSOS.

For the full breakdown of the figures in the Arab region and the GCC please do the exclusive article in ArabAd (here). As usual, the yearly reveal of the figures creates a yes-no-maybe storm with some agreeing and other disparaging the numbers.

Still, the small miracle seems that in Lebanon, there was an ad spend of 57 million USD in 2020. This is very surprising considering how everything had already broken down by that point and things were spiraling out of control. There was a prognosis that ad spend would go down 90% in 2020 and that the projected figure was 100 Million USD or 25 USD per person (estimating Lebanon's population is 4 Million - and excluding the Syrian refugees which at one point were 1 or 1,5 million) - see here.

The figure ended up 57 million not 100 making the ad spend in Lebanon in 2020 actually 14,25 USD.

Which brings us to 2021 which witnessed -69% loss in terms of ad spend to reach 18 million - an abysmal figure if there was ever one. Or - wait for it... 4,5 USD per person.

Comparatively, KSA witnessed a growth of 96% to reach 1.520 Million Dollars. 

So here we are, the numbers are out, and they are really bleak.


Update:

This came directly from trusted source Naji Boulos

"Many ad professionals agree that the ad spend in 2021 was maximum 10 millions. Ipsos always inflate the numbers to make Lebanon look good. So in reality we are at around 2.5$ per capita."