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Pop-Up Supporting DocumentsShakedown Presents Pop-up Concert Results Summer 2020 Prepared for: Shakedown Presents Prepared by: Intercept Insight, LLC PO Box 2078 Avon, CO 81620 970.331.1086 www.interceptinsight.com Table of Contents Table of Contents Objectives …………………………………………………………………………………………………………………………………………………………..1 Methodology …………………………………………………………………………………………………………………………………………………….2 Overview and Summary …………………………………………………………………………………………………………………………………..3 Highlights …………………………………………………………………………………………………………………………………………………………….4 Detailed Findings Attendee Details ……………………………………………………………………………………………………………………………...6 Recommendation (Net Promoter Score)………………………………………………………………………………………….10 Event Performance……………………………………………………………………………………………………………………………12 Media/Awareness …………………………………………………………………………………………………………………………….16 Spending Habits ………………………………………………………………………………………………………………………………..18 Attendance/Revenue Generation ……………………………………………………………………………………………………..21 Accommodations ……………………………………………………………………………………………………………………………..23 Geographical Data …………………………………………………………………………………………………………………………….26 Demographical Data ………………………………………………………………………………………………………………………….28 Favorite Summer-time Activities …………….…………………………………………………………………………………………34 Vail Visitation……………………………………………………………………………………………………………………………………..36 End of Report INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 The Town of Vail had invested in the third party research company, Intercept Insight, LLC, to conduct research during Shakedown Presents Pop-up Concert Series to help quantify decisions and increase performance related to the concert series. With this insight, the Town and Shakedown Presents are able to evaluate the economic contributions from the event, develop objectives to increase the overall performance, market effectively, and provide sponsors with valuable data regarding the events. The Town of Vail and Shakedown Presents identified several objectives for this study. Objectives: Attendee details (e.g. reason for visiting Vail, prior visitation, loyalty) Intention to return Quantify recommendations Evaluate event performance Estimate spending habits Estimate revenue generation Understand media effectiveness/awareness Obtain demographical and geographical data Determine accommodations, nights stayed, town stayed in, etc. Music genre preferences Lifestyle categories Covid Precautions Objectives 1INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 The Town of Vail and Intercept Insight designed a core set of questions intended to meet the objectives of the study, including event specific questions. Once the survey was approved, the questions were programmed into a survey design tool, and uploaded on handheld devices (iPads). The surveys were conducted in-person using the handheld devices to collect the data. In-person intercepts were conducted during the majority of the Concert Series throughout the various venue locations. Surveyors were hired and trained to conduct the intercepts in a way so that a random representative sample of the population was being collected. Those surveyed must have been 18 years of age or older. After the daily sample was collected, the data was downloaded using a statistical software, and prepared for analysis and reporting. Methodology 2INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 It is important to remember that this is a tool for gathering attendees’ opinions and feedback. Many of the results are pres ented in terms of percentages. Intercept Insight, LLC encourages readers to consider the overall direction that is suggested rather than only the statistics. Note that the margin of error is different for every single question response on the survey depending on the sam ple sizes, proportion of responses, and number of answer categories for each question. As a general comment, it is sometimes more appro priate to focus attention on the general trends and patterns in the data rather than on the individual percentages. The Town of Vail engaged Intercept Insight, LLC for research services during the 2020 Shakedown Presents Pop -up Concert Series. These services included strategy and execution, survey development, programming, analysis, staffing, and reporting. There were approximately 1,904 people in attendance over the course of the events. 114 surveys were completed, which provides a 8.9% margin of error at a 9 5% confidence interval with the data collected. 35% of the respondents came to Vail specifically for this event, and 71% of the respondents are “Very” or “Extremely likely” to return in the future. These events combined achieved a Net Promoter Score of 72, with 76% of the respondents classified as “Promoters”. Overall Satisfaction was high with a mean satisfaction rating of 4.8 on a scale of 1 to 5, where 1=Not at all satisfied and 5=Extreme ly satisfied. Of those who came to Vail for this event, 88% were locals and 12% were overnight guests. 68% of the attendees were from Colo rado. The average number of nights stayed by those staying in paid lodging in Vail was 3.1 nights. These events produced approximately 286 room nights in Vail, with an average nightly rate of $241.The estimated gross revenue generation for the Town of Vail from the Shakedown Presents Pop-up Concert Series was approximately $209K (+/-20%). Newspaper and word-of-mouth were the most effective outlets for generating awareness. 56% of the respondents walked upon the event. 46% attended with their spouse/significant other, and 25% attended by themselves. The average family included 1.4 ch ildren, and the average age of children under 18 in attendance was 10.6. The average age of the respondents was 50.5. Hiking, mountain biking, and road biking were the most common summer-time activities among the respondents. The most frequently selected lifestyle categories were: Outdoor Enthusiast, Traveler, and Sports Enthusiast. Overview and Summary 3 INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 Estimated Attendance –1,904 Total completed surveys –114 Sample size provides statistical validity with an error rate of 8.9% at a 95% confidence interval Estimated revenue generated for the Town of Vail -$209K (+/-20%) Net Promoter Score –72 Overall Satisfaction –4.8 (using a scale of 1 to 5, where 1=Not at all satisfied and 5=Extremely satisfied) 35% of the attendees came to Vail, CO specifically for these events “Newspaper” was selected most when asked, “How did you hear about, and/or where did you see advertising for these events this year?” On average, 71% are “Very” or “Extremely likely” to return in the future Average nights stayed in paid lodging within Vail –3.1 Average group size of those lodging within Vail –2.0 Estimated number of room nights generated –286 Estimated average nightly rate within Vail -$241 Average age of respondents –50.5 | Average age of children under 18 –10.6 Favorite summer-time activities –Hiking, Mountain Biking, and Road Biking Lifestyle categories –Outdoor Enthusiast, Traveler, and Sports Enthusiast Highlights 4 INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 Attendee Details Attendance 35% of the attendees came to Vail specifically for this event in 2020. In 2020, of those who came to Vail for the event, 80% were locals, and 12% were overnight guests. 6INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 20% 40% 60% 80% 100% Came for event Heard about it after arrival 35% 65% Shakedown Presents Pop-up Concerts -Reason for Visiting Vail 2020 N = 114 0% 20% 40% 60% 80% 100% Local In-State Overnight Out-of-State 88% 10%2% Shakedown Presents Pop-up Concerts -Came to Event by Market Segment 2020 N = 40 Attendance 7INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 20% 40% 60% 80% 100% Not at all Likely Not Very Likely Somewhat Likely Very Likely Extremely Likely 2%5% 22% 46% 25% Shakedown Presents Pop-up Concerts -Intention to Return 2020 N = 11471% of the respondents are 'Very' or 'Extremely likely' to return in the future. 0% 20% 40% 60% 80% 100% 1 day 2 days 3 days 4 days 5 days 6 days 7 days 8 days 9 days 10 days 45% 15%14% 6%7%4%2%2%1%5% Shakedown Presents Pop-up Concerts -Attendance 2020 N = 114 Average number of concerts attended -3.2 Attendance 8INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Yes No Unsure I am not aware 29% 46% 20% 5% Shakedown Presents Pop-up Concerts -Do you plan to attend a ticketed Shakedown Presents concert? 2020 N = 114 Recommendation Recommendation The Net Promoter Score is calculated via the following question: “On a scale of 0 to 10, where 0=Not at all likely and 10=Extremely likely, how likely are you to recommend this event to a friend or family member? Those who rate a ‘9’ or ‘10’ are called “Promoters”. Those who rate a ‘7’ or ‘8’ are called “Passive Supporters”, and those who rate ‘0’ to ‘6’ are called detractors. The Net Promoter Score (NPS) is calculated by subtracting the percentage of Detractors from the percentage of Promoters. 10INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 72 -50 -30 -10 10 30 50 70 90 0% 20% 40% 60% 80% 100% 2020 Net Promoter ScoreRecommendation DistributionAxis Title Net Promoter Scores Promoters Passive Supporters Detractors NPS Shakedown Presents Pop-up Concerts - Increase Recommendation Nothing Nothing Nothing Nothing Nothing Nothing Nothing More advertising More advertising Free beer Event Performance Hierarchy of Customer Satisfaction Needs Basic Requirements Met Promised Requirements Met Satisfaction Scores from 4.5 –5.0 Attractive Surprises Met Satisfaction Scores from 1.0 –3.4 Satisfaction Scores from 3.5 –4.4 The Customer Delight Principle was designed to identify shortcomings within a business and to improve satisfaction. Satisfac tion can be measured along a continuum and can be broken out into three major points: •Discontentment –customers needs are simply not being met. •Merely Satisfied –meeting customers needs, but not doing enough to distinguish among competition. •Delighted –meeting and exceeding the customers needs and expectations Terry Keiningham and Terry Varva, 2001,The Customer Delight Principle, Google Book Search, viewed 6/23/2008, http://books.google.com/books?id=ot8oD9B2Ck8C&dq=cus tomer+Delight+Prinicple&pg=PP1&ots=VOXp3xEU0J&sig=9 VbRewC5X8MN3xs2vDpmuS9muNk&hl=en&sa=X&oi=book_ result&resnum=1&ct=result 12 Attribute Satisfaction 13INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 97%94%99%95%99%98% 4.8 4.7 4.8 4.7 4.8 4.8 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 0% 20% 40% 60% 80% 100% 120% 140% Overall satisfaction Knowledge of the staff/volunteers Friendliness of the staff/volunteers Parking/access Quality of the music Location Shakedown Presents Pop-up Concerts -Attribute Satisfaction Ratings Percentage who rated a '4' or '5' 2020 Mean Rating 2020 One Change Comments 14 INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 Shakedown Presents Pop-up Concerts -One Change Comments Too expensive Put it at Solaris Play music people know More seating More seating More seating More seating More seating More seating More open layout More drink options More alcohol available More advertising not a lot of people here More advertising More advertising Have more of them Free beer Drinks Beverage stand Advertise more Media/Awareness Media/Awareness 16INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Walked Upon Newspaper Friends/Family Poster Concierge Social Media Other Website Shakedown website 56% 18% 10%8%7% 3%2%1% Shakedown Presents Pop-up Concerts -Media/Awareness (Multiple Response) 2020 Spending Habits Spending Habits 18INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 This graph demonstrates the spending habits of those who came to Vail, CO specifically for this event and stayed in paid lodging. The accommodation spend is equal to only those who stayed in paid lodging in Vail, CO. $0 $50,000 $100,000 $150,000 $200,000 Lodging Spend Dining Spend Retail Spend Activities Spend Total Spend $68,788 $33,594 $15,142 $3,962 $121,485 Shakedown Presents -Estimated Spending by Overnight Visitors Staying in Paid Lodging (Only those who came to Vail for the Event) Lodging revenue is based on only those who stayed in paid lodging within Vail Spending Habits 19INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 $0 $25,000 $50,000 $75,000 Dining Spend Retail Spend Activities Spend Total Spend $17,604 $32,600 $5,132 $55,337 Shakedown Presents -Estimated Spending by All Other Overnight Visitors (Only those who came to Vail for the Event) $0 $10,000 $20,000 $30,000 $40,000 $50,000 Dining Spend Retail Spend Activities Spend Total Spend $16,586 $10,441 $4,848 $31,875 Shakedown Presents -Estimated Spending by Local/In-state Day Visitors (Only those who came to Vail for the Event) Attendance and Revenue Generation Estimated Attendance and Revenue Generation 21INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 This graph represents the estimated Total Attendance, Total People (Came for Events), and Gross Revenue Generation for the Town of Vail. The Total Attendance is equal to the total number of people estimated to be in attendance. This estimate is based on the number of people entering the areas of the venues, and the percentage of those who came to Vail for the events. Total People (Came for Events) accounts for the percentage who came to Vail for the events, and is the sample set used for the estimated Gross Revenue Generation. 2020 Estimate Gross Revenue Generation -$209K (+/-20%) 1,904 668 $208,696 $(200,000) $(100,000) $- $100,000 $200,000 $300,000 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2020 Shakedown Presents -Estimated Attendance and Revenue Generation Total Attendance Total People (Came for Event)Gross Revenue Generation Accommodations Accommodations 23INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 20% 40% 60% 80% 100% Paid Lodging Friends/Family 2nd Home Timeshare Primary Residence Other (Please specify) Day Trip VRBO, Airbnb, Etc. 24% 4% 13% 4% 32% 2% 12%11% Shakedown Presents Pop-up Concerts -Accommodations 2020 N = 114 0% 20% 40% 60% 80% 100% 1 - 2 3 - 5 6 - 7 8 - 10 11 - 14 15+ 42% 32% 19% 2%3%2% Shakedown Presents Pop-up Concerts -Nights Stayed Categories (All Accommodations) 2020 N = 59 Average nights stayed (all accommodations) -3.7 Average nights stayed (paid lodging in Vail) -3.1 Accommodations 24INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Vail Avon Other Beaver Creek Keystone Minturn 83% 6%6%2%2%2% Shakedown Presents Pop-up Concerts -Town Stayed In (All Accommodations) 2020 N = 65 Geographical Data Geographics 26INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 20% 40% 60% 80% 100% Colorado Texas California 68% 6%3% Shakedown Presents Pop-up Concerts -Top Three States of Origin 2020 N = 114 0% 20% 40% 60% 80% 100% Local In-State Day In-State Overnight Out-of-State International 32% 12% 27%26% 3% Shakedown Presents Pop-up Concerts -Market Segment 2020 N = 114 Demographical Data Demographics 28INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 78% of those attending with “Family (including children)” attended with children under 18. The average number of children under 18 in attendance per family was 1.4. The average age of children under 18 in attendance was 10.6. 0% 20% 40% 60% 80% 100% Self Spouse or significant other Friends Only Friends and Family Family (including children) Family (not including children) 25% 46% 14% 4%8%4% Shakedown Presents Pop-up Concerts -With Whom Attended 2020 N = 114 0% 20% 40% 60% 80% 100% Yes No 78% 22% Shakedown Presents Pop-up Concerts -Attended with Children < 18 (Asked only of those who attended with 'Family (including children)') 2020 N = 9 Demographics 29INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 20% 40% 60% 80% 100% Married w/ children living at home Married w/ children not living at home Married w/o children Single w/ children living at home Single w/ children not living at home Single w/o children 25%29% 13% 1%7% 25% Shakedown Presents Pop-up Concerts -Family Status 2020 N = 110 0% 20% 40% 60% 80% 100% Own Rent 81% 19% Shakedown Presents Pop-up Concerts -Own vs. Rent Primary Residence 2020 N = 108 Demographics 30INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 20% 40% 60% 80% 100% High School Some College Associates Degree (2 year) Bachelor's Degree (4 Year) Post Graduate Degree 6%2% 12% 58% 22% Shakedown Presents Pop-up Concerts -Education Level 2020 N = 108 0% 20% 40% 60% 80% 100% 6%7%6%10% 34%24%14% Shakedown Presents Pop-up Concerts -Income Categories 2020 N = 71 Demographics 31INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 20% 40% 60% 80% 100% Male Female 55% 45% Shakedown Presents Pop-up Concerts -Gender 2020 N = 114 0% 20% 40% 60% 80% 100% 18 - 20 21 - 24 25 - 34 35 - 44 45 - 54 55 - 64 65+ 2%1% 16%16%20% 28% 17% Shakedown Presents Pop-up Concerts -Age Categories (Does not include children < 18) 2020 N = 103 Average age of respondents -50.5 Average age of children < 18 -10.6 Demographics 32INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Outdoor Enthusiast (camping, hunting, fishing) Traveler Sports Enthusiast (hiking, biking, skiing) Music Festival Enthusiast Wine & Foodie Health & Fitness Craft Beer Enthusiast Arts & Culture (dance, music, theatre) Investment & Money Home Enthusiast (gardening, pet owner, avid reader) Tech Enthusiast Hobbies & Interests (collector, crafts, home shop) 43% 25%22% 15%14%14% 9%8%6%4%2%2% Shakedown Presents Pop-up Concerts -Lifestyle Categories (Multiple Response) 2020 Favorite Summer-time Activities Favorite Summer-time Activities 34 INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 74% 43% 20% 15%13%13%12%11%11%8% Shakedown Presents Pop-up Concerts -Favorite Summer-time Activities (Multiple Response) 2020 Vail Visitation Vail Visitation 36 INTERCEPT INSIGHT, LLC | PO Box 2078 Avon, CO 81620 | www.interceptinsight.com | 970.331.1086 0% 20% 40% 60% 80% 100% Yes No 86% 14% Shakedown Presents Pop-up Concerts -Summer Visitation 2020 N = 77 0% 20% 40% 60% 80% 100% Yes No 71% 29% Shakedown Presents Pop-up Concerts -Winter Visitation 2020 N = 77 End of Report MARKETING + PR MEDIA NUMBER IMPRESSIONS NOTES Facebook 50 posts 32 organic 18 promoted 74,927 55,887 12,597 117 shares 2,253 likes 170 comments Instagram 29 posts 140 stories 6 IGTV videos 2,383 likes 2,196 views 5,780 followers Radio | KZYR 80 :60 second commercials + 2 interviews 1.2m Media Sponsorship Signage 4 @ 24 x 36”Attendees at Betty Ford Alpine Gardens + Pop-Up events Coroplast printed signs on A-Frames PR 5 press releases 11 stories in print @ Vail Daily = 275 –440k Staff reports + community editorial JULY 1 –SEPT 30 *With the exception of some social media posts onsite at specific events, all Pop-Up and Lower Bench marketing and PR efforts and messaging were combined for greater impact under the Shakedown Presents umbrella of live music offerings in Vail. Pop-Up Street Music Budget Breakdown (July - September) Item Shows Expenses Total Expense Town Investment July 20 $ 2,000.00 $ 40,000.00 $ 10,000.00 August 11 $ 2,500.00 $ 27,500.00 $ 10,000.00 September 10 $ 2,500.00 $ 25,000.00 $ 30,000.00 Total In-Town Shows 41 $ 92,500.00 $ 50,000.00 Average Costs Associated Per Show Tent $ 150.00 Stage $ 150.00 PA $ 350.00 Engineer Labor $ 250.00 Labor $ 250.00 Lodging $ 300.00 Advertising/ Media $ 100.00 Artists/Hospitality/Management $ 1,500.00 AVG Expenses Per Show Total $ 3,050.00 Total Profit or Loss $ (42,500.00)