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Date Posted: April 04, 2008.
By Bevan Springer
SAN JUAN, Puerto Rico - Exclude the Hispanic-American market
and you make a huge blunder. Americans of Hispanic descent
now spend so much that their buying power is estimated to
reach US$1.2 trillion by 2011. Reaching the potent
Hispanic-American market is one of the issues under
discussion at the Caribbean Media Exchange on Sustainable
Tourism (CMEx).
How potent is this market? Organisers of the Counterpart
International-produced CMEx, to be held May 15 to 19 at the
Holiday Inn San Juan on the Caribbean island of Puerto Rico,
say that in just three years' time, nearly one out of every
six residents in the United States is expected be of
Hispanic origin.
"It is time to aggressively tap into this upwardly mobile
and influential market," said Puerto Rican-based public
relations consultant Nelly Cruz of Nelly Cruz & Associates.
"Hispanic Americans form part of a vibrant Latin American
and Caribbean Diaspora who are interested in experiencing
the wonders of the Caribbean. But we need to communicate
with them and should perhaps start with Hispanic media
outlets in North America which now have an all-time high
audience and influence," said Cruz, a former executive with
the Puerto Rico Tourism Company, the hosts of the
conference.
Cruz will join seasoned researcher Raul J. Lopez, president
of the Los Angeles-headquartered Phoenix Multicultural, in
reviewing US Hispanic demographics, exploring shifts in
socioeconomics and detailing consumer behavior in the travel
industry. "The Travel Industry Association of America
recently valued meetings and travel among minority groups at
US $92 billion. In addition, the lodging industry invested
more than $13.6 million in advertising targeting
Spanish-speaking Hispanics in the US. These are two
compelling reasons for all professionals related to the
travel industry to pay close attention to US Hispanics and
their travel preferences," said Lopez, who is a native of
Cuba and an American national.
The analysis of the Hispanic market will go beyond
demographics and will highlight the cultural nuances,
preferences and proven methods for targeting these
consumers. "I look forward to discussing behavioral
differences within Hispanic groups and delving into relevant
topics such as destination selection, family travel and
countries of origin," said Lopez.
"Embracing the Diaspora, Linking Communities" will dominate
CMEx XII, a four-day event which will attract some of the
best minds in the region and beyond in the lively
interactive format that is a hallmark of the CMEx series.
The innovative symposium returns to Puerto Rico for the
third year attracting representatives of the travel and
tourism industry, government officials, media, youth
delegates and development specialists to examine ways of
using tourism to improve the health, wealth, environment and
culture of destinations.
The upcoming CMEx meeting, produced by Counterpart
International, is supported by Almond Resorts, American
Eagle/Executive Airlines, Association of Caribbean Media
Workers, The Barbara Pyle Foundation, Bahamas Ministry of
Tourism, Bay Gardens Resorts, Bermuda Department of Tourism,
Black Entertainment Television (BET J), Caribbean
Broadcasting Union, Caribbean Tourism Development Company (CTDC),
Caribbean World News Network, Choice Hotels International,
Coco Resorts, Counterpart Caribbean, Harry Edwards Jewellers,
Jamaica Tourist Board, Puerto Rico Tourism Company, Ruder
Finn, SpeakEasy M.E.D.I.A. and Spirit Airlines.
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