- Who is typically travelling on the bus Typically person Travelling High to middle end business people During the holidays it's Students (not as important)
- Do Chinese travel alot yes. More economic growth means more travel.
- Travel Time of typical bus journey Travel 3 - 6 hours
- How many times do they see the advert Advert 3 time or more during the ride
- This increases retention rate vs TV advert or Internet Captive audiences increase effectivity of advert
Who advertises Coke, Pepsi, China Mobile & China Telecom, [Hitachi mentioned at the start]
Idea for the company? To be effective in advertising we want 3 Elements 1) Captive Environment 2) Audience must have spare time to view 3) *best interpretation* China is large geographic area and you want advertisement that covers this area within it's network.
- Where is growth in next decade In next 6 months focusing on airport travel buses & tour buses
- High speed trains Looking at that market
- Another initiative Onboard Magazine Looking at putting magazines in buses within the network.
- Similarly as people can put ads onto TVs they will be able to put adverts in to the magazines yes, the adverts will be on a provincial basis and are looking at local businesses to put ads in.
Astronomic Growth Three factors contributed to growth 1) Robust development of Chinese Economy 2) Focus on Airport travel buses 3) Increase in geographic coverage - added airport travel buses
- Raised Guidance for the full year As we enter into more market and *interpret* will beat our guidance.
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