Economic Pulse: BIA’s Monthly Quick Take for April 2024 Author: Nicole Ovadia, VP, Forecasting and Analysis, BIA Advisory Services April is one of my favorite months. As we emerge from the cold of Winter, I find an extra spring in…
At BIA, we are, like most of you, assessing the new year and planting our feet firmly to get ready for opportunities and challenges. And, we are discussing our thinking with all with you in the podcast series we’re doing…
The Quick Serve Restaurant (QSR) category, including well-known national brands and less-known regional and local favorites, will spend nearly $4.5 billion in local advertising this year, as reported in BIA Advisory Services' latest vertical industry report, "Insights into Local Advertising…
AirBnB, the home and apartment on-demand rental service, said yesterday it will lead a $13 million investment in Resy, a New York-based restaurant reservation service founded by entrpreneurs Gary Vaynerchuk, Ben Leventhal and Michael Montero. All have deep online marketing…
SMBs in the Entertainment* vertical are more committed to digital media than the average SMB, according to data from Wave 19 of Local Commerce Monitor (LCM), our survey of small and medium businesses. These SMBs allocated 42.1% of spending to…
LivingSocial – which has played Avis to Groupon’s Hertz in the prepaid space – has been in retrench mode under new CEO Gautam Thakar. Today, it announced a new Card Linked Offer (CLO) loyalty program for restaurants called Restaurants Plus.…
SMBs in the entertainment vertical love video advertising. We're talking movie theaters, event venues, catering, on-demand performers*, etc.. As is conducive to their craft, they're big fans of online video, particularly website and YouTube videos. They're also big on cable…
Yelp is acquiring Eat24, the online delivery and pickup service that competes with GrubHub, Delivery.com and other national and regional players for order-taking, food search and discovery. The service is being acquired for the equivalent of $134 million ($75 million…
Priceline is sort of like eBay -- a company known for its origins in auctions, but more recently focusing on distinct, "buy it now" niches. It has recently fleshed out its core travel brand by moving up the value chain…
All eyes are on "local" this morning on Wall Street, with GrubHub's IPO off to a great start. The company has placed 7.4 million shares priced at $26, or $192.4 million. The shares closed at $34. We've been watching GrubHub's…
All eyes are on "local" this morning on Wall Street, with GrubHub's IPO off to a great start. The company has placed 7.4 million shares priced at $26, or $192.4 million. The shares closed at $34. We've been watching GrubHub's…
According to BIA/Kelsey's Media Ad View Plus, radio garnered nearly $14.7 billion in advertising revenue in 2012, representing over 11% of total advertising spend, placing it in fourth place behind direct mail, newspaper and television. Unlike other media, radio advertising…
Canada's Yellow Pages Group has deepened its investment in verticals with its recent acquisition of Restaurantica, one of Canada's largest online dining communities. Terms of the deal were not disclosed, but a report by Paul Steep at Scotia Capital suggests…