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In general, 33% of all businesses expect their 3rd quarter 2008 Gross Sales to be less than the same period in 2007:
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> |
Retailers are not optimistic that their 3rd Q 2008 gross sales and certification numbers will increase. There is no good news in terms of 3rd quarter forecasts from Retailers. |
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> |
Independent Instructors are also not optimistic that their 3rd quarter 2008 certification numbers will increase as compared to last year. |
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> |
In contrast, dive resorts or tropical operators, wholesalers and dive liveaboards are all just about equally split as to an increase, decrease or revenues being the same for the 3rd quarter. |
Summary:
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> |
In general, confidence is not high for the 3rd quarter of 2008. Canadian businesses (18%) reported the most confidence in the 3rd quarter. |
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> |
Overall, the only businesses that have a somewhat optimistic outlook for the 3rd quarter are respondents that are located within the Mountain Time Zone. This is the only positive forecast found in the survey, as they expect dive tvl. sales to either increase or remain the same for the 3rd quarter of 2008 as compared to same period in 2007.
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Cline Group, Creators of: |
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> |
Cline Consumer Studies and Market Size Estimations, Valuations Reports
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> |
The Cline Diving Industry Studies
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> |
The Dive Pool Tour
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Strategic Branding & Marketing For: |
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> |
The Bahamas Tourism Board (BMOT) |
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> |
Bonaire's Tourism Board (TCB)
|
|
> |
Barbados's Tourism Board
|
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> |
The Dutch Caribbean Diving Alliance
|
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> |
BONHATA/Bonaire Htl. and Tourism Association
|
|
> |
Mini-B North America |
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> |
Sand Dollar Resort, Bonaire
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> |
Stuart Cove's Dive The Bahamas |
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Cline's Diving Industry Survey Results
Second Quarter 2008 Dive Business Survey
Cline's Second Quarter 2008 Dive Industry Survey is in and a total of 317 dive businesses responded to this survey, and indicated the following results:
- All dive businesses saw, on average, a 1.2% increase in their gross revenues for the 2nd quarter 2008 versus the same period in 2007.
- Retailers specifically were down slightly and reported a -.1% decrease in their overall gross revenues in the 2nd quarter for the year.
- New certifications were up slightly at .3% specifically for retailers, but independent instructors showed -4.2% decrease in certifications.
- Dive tvl. sales were down -2.5% specifically for retailers.
- Dive equipment sales were also off, -2.5% specifically for retailers.
- 91% of the retailer respondents were from the USA.
- 96% of the retailer respondents were the facility owner or manager.
- Lastly, Presidential Candidates received the following votes if retailers had to choose today: John McCain 40%, Barack Obama 20%.
Each business category responded as follows for their Gross Income change in the 2nd quarter 2008 versus the same period in 2007: (for categories over 7 respondents):
|
Business Classification |
2nd Q 08 % Change
|
Number Reporting
|
|
Dive Retailers |
-.1% |
157
|
|
Independent Dive Instructors |
-.7% |
55
|
Dive Resort or Resort-Based Dive Operators
|
+6.5% |
26
|
Dive Tvl Agents/Wholesalers
|
+2.0% |
8 |
|
Dive Related Manufacturers |
+2.2% |
23
|
Dive Liveaboard Boat or Day Boat Dive Related Media, Publication, Web All Other Industry Professionals |
-11.4% -3.2% +14.4% |
11 7 24
|
|
All Averaged/Total Respondents |
+1.2%* |
317* |
|
* Above overall reported averages are adjusted averages for all business classifications, including those that were too small in number to include in this above table. Total number of businesses and reported overall average includes categories too low to calculate accurate category averages, but their responses were applied to the overall averages and totals.
The following Businesses Responded to this survey:
Business Classification |
Total Respondents |
% of Whole |
|
Dive Retailers |
157 |
49.7% |
|
Independent Dive Instructors |
55 |
17.3% |
|
Dive Resort or Resort-Based Dive Operators |
26 |
8.2% |
Dive Wholesaler/Agent or US Booking Office
|
8
|
2.5%
|
|
Dive Related Manufacturers |
23 |
7.2% |
Dive Liveaboard Boat or Day Boat
|
11
|
3.5%
|
Dive Related Media, Publication, Website
|
7
|
2.2%
|
Dive Training Organization
|
6
|
1.9%
|
|
Other Industry Professionals |
24 |
7.6% |
|
Total Respondents |
317 |
100% |
|
> For the second quarter in a row, Dive Retailers residing in the Pacific Time Zone responded with the largest decrease in gross revenues for the 2nd quarter of 2008. While dive retailers in the Eastern Time Zone posted the highest gross increase as shown:
Retailers' Time Zone (shows counts) |
Gross Revenues
|
New Certifications
|
Dive Tvl Revenues
|
Equipment Revenues
|
|
Mountain Time Zone (8)* |
.25%
|
6.3%
|
-.43%
|
-1.4%
|
|
Eastern Time Zone (77) |
1.6% |
-2.7%
|
-3.2%
|
-2.4%
|
|
Central Time Zone (47) |
-2.3% |
5.4%
|
-5.2%
|
-2.4%
|
|
Pacific Time Zone (17) |
-4.8% |
-2.1%
|
-4.7%
|
-6.1%
|
|
* Caution should be exercised when interpreting data from fewer than 20 retailers. Mountain Time Zone specifically has a very low count, making the probability of high error rates likely.
> In keeping with retailers depressing results for the 2nd quarter, there is very little optimism for their 3rd quarter outlook. In terms of forecasting, 40% of all retailers responded that they expect their gross revenues to decrease in the 3rd quarter. Certifications, dive tvl and equipment sales are all equally projected to be depressed in the 3rd quarter of 2008:
|
Retailers' 3rd Q Forecasts |
3rd Q Increase
|
3rd Q Decrease
|
3rd Q Same
|
|
|
Gross Revenues |
29.1% |
40.0%
|
28.5%
|
|
|
Dive Certification Numbers |
26.1% |
39.2%
|
29.1%
|
|
|
Dive Tvl Revenues |
15.2% |
36.7%
|
36.7%
|
|
|
Equipment Sales Revenues |
24.1% |
39.2%
|
31.0%
|
|
|
> All respondents indicated the following when asked if they had to choose today from the two Presidential front-runners: John McCain 40% Barack Obama 20% No Answer 40% To See a Web-Version of this report, click here.
See previous reports here: http://www.clinegroup.net/diving/dive-research-set.html
Dear %%First%% %%Last%%, If you want to continue receiving these updates, no action is required on your part. However, if you want to be removed from this list, just click on the unsubscribe link at the bottom of this message. Thanks for subscribing to the diving industry's only independent diving research newsletter. This quarterly email newsletter is sent out to the industry at no charge, in an attempt to disseminate diving research to our industry's professionals.
I hope you will read each one, send me questions or challenges. Thanks again for subscribing, and I look forward to hearing your comments from time-to-time.
Best Regards, William Cline President Cline Group Advertising & Marketing, Est. 1990.
The Diving Industry's Only Marketing, Advertising and Research Firm with 17 years of marketing diving worldwide. Find out how we can help your company at http://www.WilliamCline.com |