Dec 20 2004
U.S. Hispanic Online Advertising
The Internet Advertising Bureau’s Hispanic Committee, comprising executives from companies such as Univision and Yahoo!, estimates that U.S. online advertising to Hispanics will reach $75 million this year, up 67 percent from 2003. Advertisers spent just $10 million in 2002, the bureau estimates.
Committee Chairman Peter Blacker, vice-president of multicultural and international advertising for AOL Media Networks, sees strong growth in 2005 as well. “I think the market is trending to well above $100 million for next year,” he says. “We’re seeing in our space right now sort of the go-go years of the ’90s.”
A strong selling point is the number of Hispanics who are going online at home. According to the 2004 AOL/RoperASW U.S. Hispanic Cyberstudy, 20 percent of U.S. Hispanic Internet users have been online at home for less than six months, compared with just 6 percent of general at-home Internet users. A separate report by Synovate predicts that by 2010, 62 percent of U.S. Hispanics will have access to the Internet at home – up from 45 percent this year.
Besides being a fast-growing Internet market, Hispanics also are spending slightly more time online than the general market. A 2003 study by the UCLA Center for Communication Policy determined that Hispanics spend 11.6 hours per week online, compared with 11.0 hours among non-Hispanics. The difference is greater at home, where Hispanics spend 9.8 hours per week online while non-Hispanics spend just 8.1 hours on the Internet, the study found.
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