Cuebiq and GasBuddy Foot Traffic Study Sheds Light on Customer Behavior at Pump and at Convenience Stores across the US
New York, New York (PRWEB) July 27, 2017 -- Cuebiq, a leading location intelligence company with the largest, most accurate location database in the U.S. and GasBuddy, the only smartphone app connecting nearly 70 million drivers with their Perfect Pit Stop, have conducted its second quarterly joint study examining foot traffic of GasBuddy users to convenience stores and gas stations across the U.S. in Q2 2017. As the first footfall trend report series in the fuel and convenience store space, the analysis exemplifies how location intelligence can help this massive and rapidly growing industry understand consumer habits and behaviors.
Leveraging Cuebiq’s proprietary intelligence platform and data collection methodology, the companies analyzed anonymous geo-behavioral patterns of GasBuddy’s app users, which allowed them to gain insights into its users’ offline behavior such as frequency of station visits, fueling patterns, how long they spend at a location and brand loyalty, and offered recommendations to make these insights actionable for retailers. Given the competitive retail environment in the fuel and convenience store industry, it’s critical for retailers to understand customers, competitors and the best practices that drive people into physical stores.
Key study highlights include:
Individual visit frequency increased in Q2...
Across Q2, visit frequency increased, with the number of GasBuddies visiting gas stations and convenience stores once a week or more climbing from 48 percent to nearly 53 percent. According to a recent GasBuddy survey, 74% of respondents say they stop at stations and stores for something other than fuel. To capitalize on this momentum for the next quarter, retailers can take advantage of these more frequent trips by marketing their loyalty programs and other in-store promotions to make convenience stores a destination even for consumers who are not looking to fill up.
...and dwell time decreased
Though individual visit frequency increased, the number of customers spending more than 2-3 minutes at any location (the time it takes to fill a tank of gas) decreased from 72 percent to 68 percent. For retailers looking to capture customers beyond the average 2-3 minutes it takes to fill a gas tank, well-timed and targeted mobile promotions that hit customers in the “last mile” of their journey to the gas station or c-store. Signage at the pump that clearly reflects your in-store offerings can also help bring customers inside.
June was a busy month for gas stations
The last week of June captured the most gas station visits this quarter, with GasBuddy users gearing up for the July 4 holiday. The weeks of June 4 and June 11 ranked second and third. However, Memorial Day weekend came in ninth in Q2.
Good coffee drives foot traffic!
On average in Q2, stations received 16.67 percent of their daily traffic between the hours of 5 a.m. and 10 a.m. Stations with excellent coffee ratings in the GasBuddy app receive 18 percent of their daily traffic during these hours, which is relatively 12.5 percent more than stations with below average coffee ratings.
Ricker’s captures the top spot—again
For the second-consecutive quarter, Indiana-based gas station and convenience store chain Ricker’s took the top spot with the highest ratio of footfall per station, capturing more than 4x the industry average in visits.
Methodology
From April 1 to June 30, 2017, GasBuddy and Cuebiq analyzed location visit data at more than 100 fuel and convenience store brands across the United States, equaling nearly 22.6 million trips, to understand foot traffic trends, provide geo-behavioral and consumer insights and identify the impact of key factors such as the customer experience, ratings and holiday travel on POI visits.
About GasBuddy
GasBuddy is a smartphone app connecting drivers with their Perfect Pit Stop™. With nearly 70 million downloads, GasBuddy is the leader in crowdsourced information to help drivers find the best gas prices, closest stations, friendliest service, cleanest restrooms, tastiest coffee and much more. GasBuddy is the leading source for the most accurate, real-time fuel prices at more than 140,000 gas stations in the U.S, Canada and Australia. The Company’s B2B Retailer Software-as-a-Service (SaaS), known as GasBuddy Business Pages, provide Fuel Marketers and Retailers their best opportunity to maintain their station information, manage their brand, and promote to their target consumer audience.
About Cuebiq
Cuebiq is a next generation location intelligence company, leveraging the largest database of accurate and precise location data in the U.S. Its leading data intelligence platform analyzes location patterns of 61 million monthly active U.S. smartphone users on over 180 mobile apps and 2 in 5 smartphones globally, allowing businesses to glean actionable insights about real-world consumer behaviors and trends.Cuebiq provides clients geo-behavioral audiences for cross-platform ad targeting, the industry's only SaaS based real-time campaign optimization and footfall attribution tools, and offline location analytics. Cuebiq does not collect any personally identifiable information. Its privacy-sensitive methodology has earned the company membership status with the Network Advertising Initiative (NAI), the leading self-regulatory industry association dedicated to responsible data collection and its use for digital advertising. Cuebiq is headquartered in New York with offices in San Francisco, Chicago, Italy and China.
Paul Chronister, Kite Hill PR, +1 (410) 596-9175, [email protected]
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