The Out of Home Media Association Aotearoa (OOHMAA) today announced 2021’s revenue is up 24 percent year-on-year (YOY), with the total revenue rising to $119.3m, despite a tough year of extended lockdowns throughout the country.
Digital revenue continued to climb and experienced a three percent increase YOY, accounting for 67 percent of 2021’s revenue.
Natasha O’Connor, OOHMAA General Manager, told us “After two years of learning to live with Covid, Aotearoa has proved it can work within Covid restrictions. Auckland experienced a long and tough lockdown; however, revenue still increased every quarter YOY bar Q1.There are a number of driving forces at play that we believe will result in a strong Out of Home market in 2022 and beyond. Although in its infancy, pDOOH is predicted to be a significant source to Out of Home’s growth over the next few years along with the launch and refinement of Out of Home’s Audience Measurement System, the ongoing increase of Urbanisation, the continuation of media fragmentation and advancing technology. As an industry, we are optimistic that with so many positive forces in play, 2022 will see Out of Home continue to reaffirm its place as an essential channel for advertisers”
2021 will be known as the year of recovery for Out of Home media. As the country moved between the alert levels over the past two years, communities adjusted to the restrictions and returned faster each time restrictions were lifted. Since the country entered the new Traffic Light Framework, it has been observed that audiences returned to pre-Covid numbers in all cities by the end of 2021 except Auckland, which was approximately ten percent down on pre-Covid levels.
Also contributing to the growth of Out of Home is the phasing out of third-party cookies. A late 2021 survey carried out by the established AI advertising enterprise Alfi revealed that since the phasing out of third-party cookies from the global browser market, marketers have been repositioning their spending to the Digital Out of Home sector.
The OOHMAA (previously OMANZ) is a not-for-profit, professional, cohesive industry body representing key Outdoor Media display companies who collectively contribute approx. 85% of total out of home advertising industry revenue.
OOHMAA’s key focus is to educate and raise awareness of the role of Out of Home media within the community, to build and sustain relations with its key stakeholders, to develop best practice industry standards and to provide services to its members.
OOHMAA is governed by a board of directors who are all committed and passionate about raising the profile of out of home advertising in the New Zealand market.
Members of OOHMAA adhere to a Code of Practice and abide by the regulatory frameworks in which they operate. OOHMAA media display members: JCDecaux, oOh! Media, Media5, QMS, Ad-Vantage Media, VAST and Bekon Media.