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‘Likelihood of in-year budget cuts significantly increased’: CMOs shave headcount, in-house agencies, external rosters, martech – defend paid media

Gartner’s new CMO Spend Survey underlines the battle CMOs are engaged in as they ringfence paid media spend to maintain share of voice and find incremental growth amid weak economic macros, while shaving costs off every other thing they can. Amid warnings of incoming in-year budget cuts, there’s no room for marketing teams or agencies to produce non-productive work anymore – and rosters are being tightened. Chris Howatson calls it “becoming more efficient to grow”; other industry execs see some significant tactical and strategic shifts now at play.

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Distinct, differentiated, narrower targeting: Destination NSW bids to overhaul Melbourne, Gold Coast, hit $91bn visitor spend with new brand approach

Sydney has a brand consideration problem in the domestic market, sitting third behind Melbourne and the Gold Coast as a holiday destination choice thanks to pre-conceived notions of what makes the city worth visiting. Yet if the NSW Government’s plan to increase visitor expenditure by 40 per cent to $91 billion in the next 10 years is to be realised, leaving such limited perceptions in place isn’t an option. This week, Destination NSW takes the wrappers off version 2.0 of its brand platform, ‘Feel New’, with a decidedly cultural skew on creative and content, and six new experience ambassadors in train. It’s a direct challenge to perceptions of Sydney as just an opera house, harbour and bridge – with lots of traffic – and pitch for 25-54-year-old, high-yield experience hunters. It’s a play backed by multi-year brand and attitudinal tracking, consumer insights and media targeting, says Destination NSW GM of consumer marketing, Kathryn Illy. Plus a deliberate effort to swim against the sea of sameness in tourism marketing – all aimed at flipping attitudes so more Aussies visit Sydney in the next 12 months.

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