8 February 2024
Ten Lifestyle Group plc
("Ten" or the "Group")
Ten partners with a global collection of
luxury travel advisors
Ten Lifestyle Group plc (AIM: TENG), the global
concierge platform driving customer loyalty for global financial
institutions and other premium brands, is pleased to announce a new
partnership with the world's largest collection of international
luxury travel agencies, where Ten will offer its expertise to their
travel advisors.
The multi-year contract with Global Travel Collection
(GTC), a division of Internova Travel Group, will lend Ten's
unmatched luxury lifestyle know-how including advice and
organisation of restaurants, entertainment and shopping to GTC's
1,300 travel advisors. This will further enhance the global reach
of GTC's advisors providing premium travel services to leisure
travelers, corporate executives and the entertainment industry.
The partnership is expected to be launched in the
coming months, following a period of implementation it is expected
to be a Medium1
contract in the first full year.
Alex Cheatle, Chief
Executive Office of Ten Lifestyle Group plc, said;
"I am delighted to
be partnering with GTC, the world's largest collection of
international luxury travel agencies. This collaboration represents
a significant milestone for Ten, lending our expertise in luxury
dining, shopping and entertainment direct to the best in the luxury
travel industry, reaffirming our position as a leader across
multiple luxury consumer channels and geographies ."
1 Ten categorises
its corporate client contracts based on the annualised value paid,
or expected to be paid, by the corporate client for the provision
of concierge and related services by Ten as: Small contracts (below
£0.25m); Medium contracts (between £0.25m and £2m); Large contracts
(between £2m and £5m); and Extra Large contracts (over
£5m). This does not include the revenue generated from
suppliers through the provision of concierge services. Medium,
Large and Extra Large contracts are collectively Ten's "Material
Contracts".
- End -
For further information, please
visit https://www.tenlifestylegroup.com/ or
contact:
|
Ten
Lifestyle Group Plc
Alex Cheatle, Chief Executive
Officer
Alan Donald, Chief Financial
Officer
|
+44
(0)20 7850 2796
|
|
Singer Capital Markets Advisory LLP, Nominated Advisor and
Broker
Corporate Finance: James Moat /
Oliver Platts
Corporate Broking: Tom Salvesen /
Charles Leigh-Pemberton
|
+44
(0) 20 7496 3000
|
|
|
|
Notes to Editors:
About Ten Lifestyle Group
Plc
Ten Lifestyle Group
plc partners with
global financial institutions and other premium brands to attract
and retain wealthy and mass affluent customers.
Millions of members
have access to Ten's services across lifestyle, travel, dining,
entertainment and retail benefits on behalf of over fifty clients
including HSBC, Coutts and Royal Bank of Canada. Ten's partnerships
are based on multi-year contracts generating revenue through
platform-as-a-service and technology fees.
Ten's operations are
underpinned by an increasingly sophisticated personalisation
platform comprising industry-first, proprietary technology,
thousands of supplier relationships and 25 years of proprietary
expertise delivered from over 20 global offices.
Ten is on a mission to
become the most trusted service platform in the
world.
For further
information please go to: www.tenlifestylegroup.com.
About Global Travel
Collection
Global Travel
Collection (GTC), part of Internova Travel Group, is the
most influential collection of international luxury travel
agencies. Approximately 1,300 GTC advisors are industry leaders in
providing premium travel services to leisure travelers, corporate
executives and the entertainment industry. GTC's combined global
reach and leverage translate into value, recognition and
preferential treatment for its world traveler clients.