The Cruise Market – UK – August 2014 1. Market overview Cruising the economy The value of the cruise sector to the UK grew by 3.7% to almost £2.5 billion between 2012-13. The sector’s contribution to the economies of Europe was also up, by 3.4% to £13.15 billion, with the UK economy one of the top three recipients, after Italy and Germany. Cruise Lines International Association figures for 2013 show that the UK also remains Europe’s biggest cruise market with a total share of passenger numbers of 27.7%, during which time more than 1.79 million British holidaymakers took a cruise – up 5% on 2012. More than 11,000 jobs across the southeast of England are supported by the port and each cruise ship turnaround is estimated to contribute around £2.5 million to the local economy. The number of British jobs supported by the cruise industry continued to grow last year with 66,059 people employed – an increase of 2,000 jobs or 3.5%, and now representing 20% of the total number of jobs the industry provides Europe-wide. Source: CLIA 2014 Market forecast The cruise industry continues to experience year-on-year growth, even in spite of the recent economic troubles. Cruise lines are confident that this growth can continue, with penetration levels — when compared to the overall population size — relatively low in all regional markets. With the majority of new liners containing over 3,000 lower berths, cruise lines could be attempting to encourage their products in the mass-market, minimising costs on a per passenger basis, allowing them greater scope to target middle-income families. However, as these ships are restricted in terms of destination, depending on the port, it may discourage cruisers whose main focus is the destinations on offer. The premium and adventure cruise segments could prove more resilient. These generally smaller ships are focused on passenger experience, providing an intimate atmosphere or offering exciting destinations. As such, these cruises will always be appealing to high-income cruisers and adventurous travellers. Source: Keynote, Cruise Market 2012 The UK in a European context In the UK — Europe’s largest market and the second largest global market — 1.7 million passengers embarked on cruise holiday in 2011, an increase of 4.8% on 2010, according to the Passenger Shipping Association (PSA). As well as increasing numbers of passengers, the number of passenger nights booked increased in 2011. Key Note estimates that the number of nights booked onboard cruises by UK passengers rose by 3.7% in 2011, with the upward trend for longer cruise trips continuing. Germany is the third largest cruise market in the world, and the second largest market in Europe, with 1.2 million passengers undertaking cruise holidays in 2010, up from 1.02 million in 2009, an increase of 19.6%. According to the European Cruise Council (ECC), cruise tourism generated a total of €2.3bn of expenditure in Germany in 2010, 16% of the industry’s direct expenditure throughout Europe. German shipyards represented a total of 24.5% (€1.03bn) of the cruise industry’s total expenditure for new builds and refurbishments in 2010, and they were commissioned for ten out of 23 cruise ships on order from the end of 2010, accounting for 43% of new capacity and 45% of new investment for 2011 to 2014. Italy represented the third largest market in Europe, with 889,000 passengers purchasing cruise holidays in 2010, rising from 799,000 in 2009, an increase of 11.3%. Italy is also a major shipbuilding country, with €1.61bn spent by the cruise industry in 2010 — according to the ECC — making Italy the largest shipbuilding nation for cruise ships, with a 38.2% share of global cruise industry expenditure on new builds and refurbishments. Source: Keynote, Cruise Market 2012 Holiday spend: where do cruises fit in? The average UK household spent £12.60 a week — equivalent to £655.20 for the year — on package holidays in 2010, down by 4.5% on 2009. Of this figure, £11.60 a week (or £603.20 for the year) was spent on foreign holidays. Cruises, however, represent a small portion of this spending, with cruise holidays accounting for 4.7% all foreign holidays in 2011, up from 4.5% in 2010, according to the Passenger Shipping Association (PSA). Using the percentage from 2010, average household weekly expenditure on cruises amounts to 52 pence (p) per week (or £27.10 for the year). The top three income deciles are the only households able to spend considerable amounts on package holidays, ranging from £19 a week (£988 for the year) in the ninth income decile, to £28.40 per week (£1,476.80 for the year) for the top decile. Source: Keynote, Cruise Market 2012 Passenger numbers and ports According to the European Cruise Council (ECC), an estimated 837,000 cruise passengers embarked on their cruises from UK ports in 2010, with the majority departing from Southampton (596,500), Dover (128,000) and Harwich (34,000). However, just 541,000 cruise passengers visited ports-of-call in the UK and its dependencies. The cruise industry itself spent approximately €102m at UK shipyards, 4% of the total expenditure, mainly for the maintenance of existing cruise ships. Travel agents received an estimated €377m in commissions as a result of the cruise industry, while €426m was spent by the industry on financial and business services, such as insurance, advertising, engineering and other professional services, computer programming, support services and market research. Source: Keynote, Cruise Market 2012 Cruises and main media advertising In the year ending December 2011, Royal Caribbean Cruises accounted for the highest amount of main media advertising expenditure, spending £5.6m. In comparison, in the year ending December 2007 (the period covered in Key Note’s previous edition of this report), the Carnival Corporation was the dominant company in terms of advertising expenditure, with a total of £9.2m spent on advertising across its brands. With just two Carnival Corporation cruise lines within the top 10 leading advertisers in 2011, amounting to £4.6m, the company’s main media advertising expenditure has fallen by just under half (49.8%). In both 2007 and 2011, the highest amount of main media advertising expenditure came from readers’ offers for cruises, which are compiled and published by numerous newspapers and magazines. Reader offers accounted for 23.2% all advertising expenditure in 2011, with £9.8m spent, representing an increase of 3.2% on 2007. Saga Holidays, which specialises in cruises and other package holidays for the over 50s, entered the top ten in terms of advertising expenditure. Saga Holidays, which owns and operates 4 medium-sized cruise liners itself, accounted for 7.2% of the total expenditure on advertising in 2011, amounting to £3m. Viking River Cruises, which will operate 23 river cruise liners by autumn 2012, had an advertising expenditure of just £431,000 in the year ending December 2007, rising to £2.2m in 2011, an increase of 411.4%. This huge increase in the amount of advertising expenditure shows the significant increase in demand for river cruises, reflected in Viking River Cruise’s decision to introduce six new cruise liners in 2012. Source: Keynote, Cruise Market 2012 Facing 2014… Globally, the number of cruise passengers is forecast to be 21.3 million in 2013 – an increase of almost two per cent over 2012, while the number of European passengers who took a cruise in 2013 is predicated to be 6.4 million – a year on year growth of more than four per cent. The global number of cruise passengers for 2014 is forecast to be 21.7 million. As the cruise industry sails into 2014, it continues to invest billions of pounds in new ships. This year and 2015 collectively will see a total of 13 ocean cruise ships launched worth more than £5 billion and accommodating over 37,000 passengers. The travel trade has played a crucial role in the growth of the British market. More than 70% of cruise holiday bookings in the UK are made through a travel agent, with their expert knowledge an important factor in securing each booking. Source: http://www.breakingtravelnews.com/news/article/uk-cruise-industry-predicts-record-2014/ 2014 2. Demographics Cruise demographics: key stats Cruises are in demand throughout the social grades, with only slightly less demand among the lower social grades. Cruises are favoured most by consumers aged between 55 and 64. While the number of people aged 55 to 59 is forecast to increase by 8.3% between 2011 and 2015 according to National Statistics, this will be offset by an 8.5% decline in the number of people aged 60 to 64 over the same period. Therefore the ageing demographic in the UK may have a positive impact on the cruise market. There are considerable increases forecast in the number of people aged between 65 and 74. Although these age groups may not be the highest patrons of cruise holidays, mature consumers are increasingly fitter and healthier, which might indeed prove positive for the cruise market. Source: Keynote, Cruise Market 2012 Proportion of cruisers dips slightly In 2012, 5.6% of respondents said they had been on at least one cruise holiday in the past year, compared to 6.2% of respondents in 2008. This slight decrease (just 0.6 percentage points) is again attributable to the economic downturn, and reflects the comparatively slow growth of 4.8% in the number of passengers in 2011, according to the Passenger Shipping Association (PSA), compared with increases of 10.9% and 10.5% in 2007 and 2008, respectively. Men were more likely to have been on a cruise in the past year than women (6.3% and 4.9%, respectively), reversing the trend from the last survey (5.4% and 7%, respectively). Respondents aged 55 to 64 (8.5%), 20 to 24 (8.2%), and the 65 and over (6.9%) were the most likely to have been on one cruise holiday in the last year. While those aged between 55 and 64, and the 65s and over are the cruise market’s key demographic, the high number of 20 to 24 years taking cruise holidays could either be as part of a family holiday, or due to the increasing number of cruise holidays aimed at the younger age groups. Source: Keynote, Cruise Market 2012 Cruisers, by region and household In terms of region of residence, respondents within the South East of England — a particularly affluent area — were the most likely (10%) to have been on a cruising holiday, followed by Yorkshire and Humberside (9.7%), and the North of England (7.9%). Also, respondents in social grade A — the most affluent — were the most likely to have been on a cruise (8.2%), while social grades B to D displayed a similar propensity for cruising. Respondents in households where five or more people are present were the most likely cruisers (11%), followed by two person households (8.5%), which could indicate that family cruises are becoming increasingly popular, while cruises for couples remain an important demographic for the market. As such, the most likely cruisers in the past year were affluent men, couples and families living in the South East of England. Source: Keynote, Cruise Market 2012 The emergence of familial cruises For 2012, respondents aged between 16 and 19 were the most likely to have been on a cruise in the last 5 years (24.7%), although people within this age band are more likely to have been on a cruise as part of a family holiday, and are unlikely to have paid for the holiday themselves. The 65s and over (23.1%) and 55 to 64 age groups (15.2%) also had a high rate of penetration for cruise vacations in the last year, which is unsurprising, considering these age groups are key audiences for the cruise market. In terms of social grade, penetration rates were relatively similar throughout. The C2s and As were the most likely cruisers, with 17.2% and 16.5% penetration, respectively. Even the Ds and Es, who are likely to be on lower incomes, had a fairly high penetration in the last year, at 11.7% and 14.2%, respectively. In terms of household size, households made up of two people were most likely to have been on a cruise in the last 5 years at 20.5%. Source: Keynote, Cruise Market 2012 A rising propensity for cruising? Despite the reluctance to increase holiday expenditure next year, the number of respondents intending to take a cruise holiday in 2012 (9.7%) was higher than those that actually took a cruise in the previous year (5.6%), although not all those planning to take a cruise holiday will actually do so. The rate of penetration in 2012 was also slightly higher than in Key Note’s previous report, with only 9.2% of respondents agreeing to the statement in 2008. The intention to take a cruise next year was highest among those aged 20 to 24 (17.5%). These respondents were also one of the age groups most likely to have been on a cruise holiday in the last year (8.2%), suggesting that cruises are becoming increasingly popular amongst the younger age groups. The traditional market for cruises, those aged 55 to 64 and the 65s and over, also had a higher rate of penetration, at 13.8% and 11.1%, respectively. Source: Keynote, Cruise Market 2012 Younger cruisers In 2012, 23.2% of respondents said they intend to take a cruise holiday within the next 5 years, although not all of these respondents may do so. However, this is a positive indication for future demand, particularly as — within the next 5 years or so — the economic situation is expected to recover to some extent. Those aged between 20 and 24 are the most likely to take a cruise holiday in the next 5 years (30.1%) — a prevailing trend throughout the survey — followed by the more traditional age bands for cruising, those aged 45 to 54 (28.7%) and 55 to 64 (28%). Worryingly, those in social grade A were the least likely to consider a cruise holiday in the next 5 years (9.7%), however there were high rates of penetration among the Bs (25.4%), C1s (29.5%) and C2s (24.6%). The majority of consumers within these social grades do have the resources for cruise holidays, and often aspire to luxury holidays, a positive indication for the cruise market. Source: Keynote, Cruise Market 2012 Return cruisers Of those who indicated that they had taken a cruise holiday in the last year, in the last 5 years, or plan to take a cruise in the next year, almost a quarter (24%) indicated they would consider another cruise holiday within the next 5 years. This provides some indication as to the level of return business the cruise market can expect in the UK. The trend for cruisers aged between 20 and 24 is once again present, with 32.8% of respondents within this age group indicating that they would consider another cruise in the next 5 years, followed by those aged 55 to 64 (29.2%) and 45 to 54 (29%). Once again, those in social grade A were the least likely to take another cruise in the next 5 years (10.6%), while the Bs (25.9%), C1s (30.3%) and C2s (25.3%) were the most likely. While penetration rates are low among the top earners, the Bs, C1s and C2s still have the resources to take cruise holidays and, with the high rate of respondents in these social grades indicating they would consider another cruise holiday, this should provide a considerable number of return cruisers. Source: Keynote, Cruise Market 2012 New cruises, new markets… 3. Major companies Ten largest cruise lines, global (08-12) The cruise market is dominated by two major corporations, operating through numerous different brands. Carnival Corporation & PLC of Miami, Florida, had 98 ships at the end of 2010, with a capacity to carry approximately 191,000 passengers in lower berths. This represent a capacity increase of 20.1% on 2008. Carnival runs numerous cruise lines, including Carnival Cruise lines, Princess Cruises, Holland America Line, the Yachts of Seabourn, Cunard, AIDA Cruises, Costa Cruises, Ibero Cruises, P&O Cruises and P&O Cruises Australia. Royal Caribbean Cruises Ltd, headquartered in Miami, Florida, has 40 ships with combined passenger capacity of approximately 92,300 people. The company operates through the Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France, and TUI Cruises (as a joint venture). Source: Keynote, Cruise Market 2012 4. Celebrity Cruises (RCC) Celebrity Cruises: overview The rate of repeat business for Celebrity Cruises currently stands at 42% Source: Keynote, Cruise Market 2012 Celebrity Cruises operated 11 cruise liners at the beginning of 2012, ranging from the 92-berth vessel Celebrity Xpedition, to the newly added Celebrity Silhouette, which like the Celebrity Eclipse, Celebrity Equinox and Celebrity Solstice, can carry 2,850 passengers and weighs 122,000 tonnes. In November 2012, Celebrity Cruises is introducing its twelfth cruise ship, the Celebrity Reflection, the company’s fifth 122,000tonne liner, which had a passenger capacity of 2,850. CEO management line-up Source: http://www.celebritycruises.com/aboutceleb/ 2014 “Remember Everything” (US 2014) Celebrity Cruises will launch a new series of ads that seeks to make a more emotional connection to potential cruisers. The theme of the ads will be “Remember Everything.” Celebrity's marketing vice president Lisa Kauffman said the concept came from consumer feedback that cruisers don’t remember single highlights from their cruise as much as the totality of having a good experience. The ads will supplement rather than replace the long-running “Modern Luxury” theme that Celebrity has used in its marketing. Kaufman said the ads build on research showing consumers value the emotional benefit of their vacation, such as being refreshed and restored, being able to do as much or as little as possible or having everyone in the travel party happy. The 30-second TV spots will appear nationally starting Monday on the Bravo cable channel, with which Celebrity has a marketing partnership. They will appear on more channels in 10 cities where Celebrity has a marketing focus. In two of the ads, a female narrator reminds herself to “remember everything,” as fun or enriching experiences are depicted on a Celebrity cruise. A third ad is directed toward the family market. Kauffman said Celebrity has budgeted $16 million for the campaign, which also includes trade and consumer magazine ads and online and social media components. Source: http://www.travelweekly.com/Cruise-Travel/Celebrity-Cruises-set-to-launch-new-ad-campaign/ April 2014 Profitability: Royal Caribbean Cruises Royal Caribbean Cruises Ltd had a net income of $547.5m in 2010, an increase of 237.1% on 2009, when net income was $162.4m. This major increase in net revenue can be attributed to a poor year in 2009, due to the global economic downturn, which has affected all of Royal Caribbean’s markets. Also in 2009, Royal Caribbean Cruises received approximately $89m net costs and payments to insurers, related to a lawsuit against Rolls Royce for fraudulent activities, misrepresentation, negligence and unfair trade practices relating to the sale of the Mermaid pod-propulsion systems. Total revenues for 2010 also increased, rising by 14.6% to $6.75bn from $5.89bn in 2009. Approximately $654.1m of this increase (of the total $862.7m) is attributable to an increase in capacity, of around 11.1%. This capacity increase was due to the full year service of the Pacific Dream, Celebrity Equinox and Oasis of the Seas, which entered service in May, July and December 2009, respectively. Also the addition of the Celebrity Eclipse and Allure of the Seas — which entered service in April and December 2010, respectively — provided additional capacity. Source: Keynote, Cruise Market 2012 Future developments: Royal Caribbean Cruises Royal Caribbean Cruises Ltd has just two new ships on order for delivery between 2012 and 2015. The Celebrity Reflection is due for delivery in November 2012, and will provide an additional capacity of around 2,850 for Celebrity Cruises, at a cost of approximately $768m. In 2014, Royal Caribbean’s joint-venture cruise line, TUI Cruises, an unnamed liner is expected to be delivered. Built by STX Finland Cruise Oy, the vessel will cost around $515m and will provide TUI Cruises with a 97,000tonne liner, that has a passenger capacity of 2,500. In 2011, Royal Caribbean Cruises announced that the Voyager of the Seas will be deployed in Asia during 2012. The 137,276-tonne liner will be the largest and most amenity-filled ship to sail the region. The ship will set off on 26th May in Singapore, followed by sailings from Shanghai and Tianjin in the People’s Republic of China (PRC). The Voyager of the Seas will join Legend of the Seas, which has been deployed in the PRC since 2010. Combined, these two cruise ships will allow Royal Caribbean to offer 49 voyages out of the country in 2012. The move will also allow Royal Caribbean a leading position in the Asian market, which remains dominated by Star Cruises. Source: Keynote, Cruise Market 2012 Celebrity Cruises takes to the streets of London with taxi campaign Starting at the end of April the three month campaign features a series of liveries and superside designs across over 600 taxis, including imagery of Celebrity Cruises’ own bubble chairs available for guest to recline and relax in whilst on board. The campaign will run until 13th July with creative developed by Glasgow based creative and digital agency Front Page. Supporting the livery and superside design the campaign will incentivise Londoners to engage with the Celebrity Cruises brand as the next stop to Modern Luxury and consider a cruise holiday with the hashtag #LeaveLondonBehind which will also feature in the creative. A fortnightly ‘spotted’ social media campaign will encourage Londoners to tweet or Instagram images of the taxis with the dedicated hashtag to be in with a chance to win pairs of tickets to events taking place across the capital throughout the summer season, including Polo in the Park, Taste of London and Kew the Music. Sales-based incentives and competitions offering tickets to these summer season events will also be available to agents in the coming months. 2,500 taxis will also feature screens showcasing information about the Celebrity Cruises destinations in addition to a bespoke competition offering the opportunity to win a cruise holiday for two people via a dedicated landing page www.celebritycruises.co.uk/blackcab. Passengers can also enter the competition by tapping an NFC phone or scanning a QR code displayed on a panel inside the taxi. Artwork on the tipseats inside the taxis will also profile the competition. Source: http://www.incentivetravel.co.uk/news/cruise/19719-celebrity-cruises-takes-to-the-streets-of-londonwith-taxi-campaign April 2014 Celebrity Cruises signs partnership deal with O2 Celebrity Cruises has become the official cruise partner for the O2 entertainment venue until the end of the year. The deal will see the cruise line participating in a number of events and marketing initiatives throughout the O2 campus in London. Commenting on the partnership, Toby Shaw director of marketing and PR for Celebrity Cruises UK & Ireland, said: "There is a strong synergy between Celebrity Cruises and The O2's VIP brand offer and we are looking forward to increasing our brand profile with consumers throughout the venue as well as using it for meetings, launch events and corporate hospitality for our partners and agents in the coming months. Source: http://www.travelmole.com/news_feature.php?news_id=2010933 April 2014 Celebrity Cruises announces 2015-16 South America and Panama Canal sailings Celebrity Cruises has unveiled its new range of South America and Panama Canal itineraries for 2015-16, with 34 different destinations in 15 countries to choose from. New for this season is the opportunity for guests to spend two nights in Rio de Janeiro (Brazil) during the country’s most famous and vibrant annual event – Carnival. The 2,170-guest ship will also offer a series of 14-night itineraries sailing to destinations between Buenos Aires, Argentina and Valparaiso. Source: http://www.breakingtravelnews.com/news/article/celebrity-cruises-announces-2015-16-south-americaand-panama-canal-sailings/ April 2014 Celebrity Cruises recognised by LGBT cruise passengers Source: http://meetmeonboard.com/blog/media-release-cruizie-award-winners-announced-winning-cruise-lines-anddestinations-recognized-by-lgbt-cruise-passengers/ 2013 Solstice class ships: modern luxury firsts aboard Celebrity Equinox Celebrity Cruises has today revealed a series of brand-first enhancements to be introduced onboard Celebrity Equinox. Emerging from a scheduled dry-dock in Cadiz, Spain on Thursday, May 8, the Solstice Class ship will tout new signature spaces and experiences in time for guests’ summer vacations during Celebrity’s most immersive season in Europe. Celebrity will add two one-of-a-kind concepts to the array of guest-favourite Solstice Class features onboard: Gastrobar – A new craft beer and comfort food venue, Gastrobar will offer food and beer enthusiasts over 40 handcrafted boutique beers to choose from in addition to Celebrity's varied collection of wines and tasty cocktails with a twist, all perfectly paired with a menu of elevated bar-fare creations. Gastrobar’s upscale casual surroundings will feature inviting entertainment and music for the complete sophisticated lounge experience. Guests can find the new venue in the space formerly known as Cellar Masters. Slush – Expanding guests’ ‘cool’ beverage options, Slush – a frozen drinks venue – introduces Celebrity’s curated menu of flavor-rich and fresh frozen cocktails. Slush will feature alcoholic and non-alcoholic cocktails with perfectly balanced ingredients ranging from fresh pressed lemon juice, raspberries, cucumbers and mint to Persian lime, Florida Valencia and Hamlin orange juice with organic agave nectar. Celebrity Equinox will also expand its retail offerings with "The Studio - Fine Art Photography” – a high-end portrait studio ideal for capturing guests’ friends, family or couples vacation photos; the addition of the ever-popular Michael Kors boutique, first introduced onboard Celebrity Silhouette; enhanced upscale brand products available in stores including Chanel, Clinique, Dior, Lancôme, Estée Lauder, Desigual and UNOde50; and the ship's new Internet lounge, Celebrity iLounge, in the space formerly known as Online@Celebrity. Source: http://www.celebritycruises.com/aboutceleb/ April 2014 Celebrity Cruises World Tour 2015-16 Celebrity Cruises will offer an array of thrilling adventures and itineraries in 201516 to excite world travelers. With an enticing lineup of 261 destinations in 72 countries, Celebrity will sail to all seven continents, visit new ports of call in Alaska, Europe and Asia, and offer exciting overnight stays, many of which coincide with internationally renowned festivals. Full details of Celebrity Cruises’ 2015-16 will be revealed as each set of itineraries opens for bookings. Source: http://www.celebritycruises.com/aboutceleb/ March 2014 Celebrity Cruises unveils new exceptional ‘Suite Class’ experience Discerning guests who desire the very best in modern luxury vacations will soon be able to indulge in Celebrity Cruises' new 'Suite Class' experience. This will be fully introduced on Celebrity's state-of-the-art ships during April 2015. With exclusive new benefits including a suites-only restaurant, VIP lounge, complimentary premium beverages, plus more, the newly launched Suite Class is designed to create the ultimate luxurious experience. Guests will enjoy incredible service from the moment they arrive with their personal butler taking care of every detail. This is the only way to travel. Suite guests will also continue to enjoy a large number of benefits including: The Celebrity 'Suite Class' welcome - Guests will receive priority check-in and embarkation Legendary butler service - From unpacking guests' luggage to booking the best destination experiences on land, the Suite Class butler will be on hand 24 hours a day to ensure seamless, dedicated and personalized service. The Suite Class experience will also include a daily high-end afternoon tea service served in the guest's spacious and beautifully-designed suite. Luxurious stateroom amenities and benefits – As well as enjoying spacious suites with verandas that showcase sweeping ocean views, guests can indulge in a variety of luxury amenities including deluxe Bulgari bathroom amenities, plush robes, premium bedding and an indulgent pillow menu. A host of other extras will also be provided during the guest's vacation including reserved theater seating for all Suite Class guests. Source: http://www.celebritycruises.com/aboutceleb/ Feb 2014 About Goodman & Next Steps We trust you found this market analysis and proposal of interest Our services all share a common foundation based on as full an understanding as we can have of our client’s or potential client’s business Any media planning or design briefs are considered in relation to realistic market potential and trackable spends We want to make recommendations based on facts not feelings As well as our own experience, we now have direct access to a plethora of premium insight and planning tools including YouGov SixthSense, Key Note, IBISWorld, Trajectory Partnership and Iconoculture in addition to a powerful global news database, Nexis, so as we are tracking your markets we can update this as soon as new information is released Goodman is a fully accredited media and advertising agency based in central London. 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