In this Skift article, Dan Peltier reports that some of the traditionally biggest-spending US state DMOs spent less in 2015 than in previous years.
The Big Idea:
Depending on individual circumstances, a state DMO coming in under its annual marketing budget may or may not be a good thing; so neither a big budget nor a large spend guarantees the desired results.
Key points:
- US state tourism budgets have grown every fiscal year since 2010.
- Average FY 2016 budget is about $20.1M.
- Budget and spending are often two different things, in both absolute and relative terms.
- Actual spending in FY 2015 - Top 10 states:
- Hawaii $76.9M (-6.2%)
- Florida $74.8M (+7.7%)
- California $60M (-6.8%)
- Illinois $54.6M (+2.6%)
- Texas $49.4M (+14%)
- Michigan $29.0M (-10.2%)
- New York $25M (-18.5%)
- Arizona $24.6M (+6%)
- Virginia $18.8M (+1.0%)
- Louisiana $14.9M (+4.1%)
It would be interesting to integrate some "results" metrics with these numbers. Will add to to-do list.