Proposition Archives - Ten Lifestyle Group https://tenlifestylegroup.com/category/proposition/ Living x Ten Tue, 07 Oct 2025 08:21:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://tenlifestylegroup.com/wp-content/uploads/2020/11/Ten_360x360-150x150.png Proposition Archives - Ten Lifestyle Group https://tenlifestylegroup.com/category/proposition/ 32 32 Ten Lifestyle Group Unveils Digital Dining Revolution and AI Guardian Tool https://tenlifestylegroup.com/2025/08/19/ten-lifestyle-group-unveils-digital-dining-revolution-and-ai-guardian-tool/ Tue, 19 Aug 2025 12:20:12 +0000 https://tenlifestylegroup.com/?p=3975 We are excited to announce that our global concierge technology platform, that enhances customer loyalty for premium financial institutions and brands, has launched two groundbreaking innovations that elevate the dining experience and redefine internal quality control:

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  • Ten Digital Dining, which will increase the amount of restaurants with benefits that our members have access to, drastically and
      
  • Ten Guardian, a proprietary AI system that will improve booking response times while ensuring fantastic service quality. 


Ten Digital Dining: A Seamless, Premium Dining Service
 

Ten Digital Dining integrates OpenTable and SevenRooms with Ten’s proprietary systems to offer members direct access to over 60,000 restaurants across key markets including the UK, USA, Canada, Middle East, Mexico, Australia, and parts of Asia. This service delivers immediate table availability—even during peak times, and exclusive off-menu benefits inaccessible via standard booking channels. 

 

Key highlights include: 

  • Instant reservations at top restaurants globally, including curated options across all budgets. 
  • Priority access to prime-time bookings, with perks such as complimentary drinks, extra courses, cookbook or kitchen tours. 
  • A unified booking experience across Ten’s own assets, OpenTable and SevenRooms, making it easier than ever to find and book the perfect table for any occasion. 

 

Guardian: AI-Powered Assurance for Consistent Excellence 

With Ten Guardian, Ten has deployed a proprietary AI system that assesses all member-facing communications emails, quotes, research, and more – in real time, and retroactively for tone, accuracy, and brand alignment. Trained on Ten’s historical service data, Guardian elevates consistency, improves response times, and ensures unwavering service quality at scale. 

 

Innovation Built on a Legacy of Trust 

Leveraging over 25 years of concierge expertise, these launches mark a strategic leap forward in Ten’s evolution. CEO Alex Cheatle commented: 

“Introducing Ten Digital Dining across multiple markets and launching Guardian represents a step-change in our ability to deliver high-quality, consistent experiences with enhanced operational efficiency. These innovations combine our proven heritage with today’s technology, building the world’s most trusted concierge service at scale.” 

 

Expanding Reach, Strengthening Value 

These enhancements are already poised to increase member engagement, deepen client loyalty, and unlock new revenue opportunities. Ten’s focus now turns to scaling digital dining benefits, rolling out Guardian across services, and continuing to offer clients and members industry-leading experiences. 

These launches are not just technological enhancements but a bold step towards shaping the future of customer engagement, where convenience, trust and personalisation converge seamlessly at scale. By blending cutting-edge innovation with our heritage of excellence, we are building a new era of service that will continue to inspire loyalty and set industry benchmarks for years to come. 

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Ten Lifestyle Group PLC Wins Product Innovation Award at The Ticketing Business Awards 2025 https://tenlifestylegroup.com/2025/05/02/ten-lifestyle-group-wins-product-innovation-award-at-the-ticketing-business-awards-2025/ Fri, 02 May 2025 09:45:01 +0000 https://tenlifestylegroup.com/?p=3833 Ten Lifestyle Group plc has been named the winner of the prestigious Product Innovation Award at TheTicketingBusiness Awards 2025, recognising the launch of Ten Box Office – our groundbreaking, premium ticketing platform created for high-net-worth individuals.

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TheTicketingBusiness Awards celebrate leadership, innovation, and achievement across the global ticketing industry. In a highly competitive field of nominees including Music Glue, HandsIn, Eventori, 3D Digital Venue and Ticketek, Ten emerged as the standout winner at the 2025 ceremony, held at Emirates Old Trafford, Manchester. 

 

A New Standard in Ticketing for Premium Audiences 

Launched in June 2024, Ten Box Office is Ten’s proprietary ticketing platform, offering a seamless digital booking journey across live entertainment – including music, theatre, sport, and cultural events – without the need for a Lifestyle Manager. It is the first platform of its kind tailored exclusively for high-net-worth customers within Ten’s global concierge service, currently living in 16 markets worldwide. 

This innovation represents a shift in how premium live entertainment is accessed. Built to support global supplier API integrations and direct allocations, Ten Box Office empowers rights holders and partners to reach a premium audience through a commission-free model that ensures maximum value return. 

 

Why the Industry Recognised Ten Box Office 

At its core, Ten Box Office solves long-standing industry challenges: distribution inefficiencies, high commission costs, and limited access to premium audiences. Instead, Ten’s subscription-based B2B2C model means partners can connect with loyal, high-spending members without revenue-sharing requirements or sponsorship conflicts. 

 

Key platform features include: 

  • Interactive Booking Journeys with QR code generation, seat selection, domestic currency transactions and real-time confirmations 
  • Scalable API Integrations across global ticketing platforms 
  • Affiliate Link Hosting for traffic-driving event promotion 
  • Custom Bundling of tickets with travel or dining 
  • Data-Driven Marketing via behavioural insights and member segmentation 

 

Measurable Impact in Just Six Months 

Since launching, Ten Box Office has already shown transformative results: 

  • 26% increase in rights holder allocations, boosting revenue at higher margins 
  • 21% growth in digital bookings, demonstrating strong adoption 
  • Marketing open rates over 70%, driven by intelligent, personalised ECRM 
  • Average order values between £348 and £512, reflecting premium ticket spend 
  • +80 NPS – showcasing exceptional customer satisfaction

One Ten member shared: “The process was incredibly easy—booking London Grammar tickets while travelling with bad Wi-Fi was seamless. I’d definitely recommend it!” 

 

Reaching Audiences Others Can’t 

What sets Ten apart is its ability to introduce entertainment partners to new, high-value customer segments. By working with Ten, ticketing and event stakeholders gain: 

  • Direct access to affluent, experience-seeking customers across 3.5 million members 
  • Global reach with cross-border event marketing and travel facilitation 
  • Rapid campaign execution within 48 hours 
  • Full control over marketing visibility and reach 

This model allows rights holders to test and optimise ticketing strategies across niche and broad audiences, all within a brand-safe and compliant framework. 

 

Recognition Among the Industry’s Best 

The award was presented during TheTicketingBusiness Forum 2025, attended by global senior industry figures. Other winners included AXS Europe for Ticketing Business of the Year and Jens Teichert of vivenu as Executive of the Year. 

“Congratulations to everyone who reached the podium,” said Ian Nuttall, Co-Founder of TheTicketingBusiness. “Winners included our industry’s leaders and stand-out innovators, who should all be very proud of their achievements.” 

 

Looking Ahead 

The launch of Ten Box Office is just the beginning. With expanding API partnerships and continued geographic rollout, Ten aims to deepen its integration into the live entertainment ecosystem – offering rights holders frictionless access to new revenue streams and consumers unparalleled access to extraordinary experiences. 

To learn more about Ten Box Office or how to partner with us, please get in touch.


Quotes from the judges as to why Ten was selected as a winner:

“Nothing else like this on the market, giving fans the opportunity to book official tickets, travel and dining reservations in one place. Ticket element of the platform equal to or better than some on the market who only specialize in selling Tickets”

“A unique combination of box office and incremental retail marketing and distribution platform connecting event Rights Owners and customers seeking Tier #1, VIP and Hospitality ticketing”

“From all of the nominators in this category – Ten Box Office has transformed ticketing by seamlessly integrating travel, dining, and entertainment into a premium, concierge-level experience. Its commission-free model, global scalability, and API-driven integrations provide rights holders with direct access to high-value customers, optimising ticket sales and enhancing the fan journey. By offering data-driven insights and a frictionless digital booking experience, Ten Box Office is reshaping the way ticketing operates at a premium level. Obviously this platform sets a new industry benchmark in efficiency, customer engagement, and strategic ticket distribution, making it the standout innovation in this category. This is why I think it should be the winner in this category.” 

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Ten’s Luxury Travel Trends 2025 https://tenlifestylegroup.com/2025/03/17/tens-luxury-travel-trends-2025-2/ Mon, 17 Mar 2025 10:04:39 +0000 https://tenlifestylegroup.com/?p=3750 At Ten Lifestyle Group, our insights into luxury travel reveal three key trends shaping 2025.

As high-net-worth clients seek more personalised and meaningful experiences, staying ahead of luxury travel trends is crucial for financial institutions, private banks, and wealth managers.

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This case study explores key insights into how affluent travellers are evolving—offering businesses the opportunity to enhance their services, deepen client engagement, and differentiate their brand. By understanding these trends, corporate clients can refine their travel and lifestyle offerings, providing exclusive experiences that drive loyalty and strengthen relationships.  

Who is this case study for? 

  • B2B audience seeking insights into luxury travel trends. 
  • Key decision-makers at financial institutions, private banks, and wealth management firms. 
  • Luxury travel brands looking to align with evolving high-net-worth traveller preferences. 
  • Business leaders in private banking and financial services aiming to position themselves as thought leaders. 

 

What questions does it answer? 

  • What are the key luxury travel trends shaping 2024 and beyond? 
  • How do these trends intersect with the financial services industry? 
  • How does Ten Lifestyle Group curate exceptional travel experiences for high-net-worth clients? 
  • How can private banks and wealth management firms leverage these insights to enhance their travel and lifestyle offerings? 

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Expertise on the go: Travel and dining podcasts powered by AI https://tenlifestylegroup.com/2025/03/17/expertise-on-the-go-travel-and-dining-podcasts-powered-by-ai/ Mon, 17 Mar 2025 10:00:35 +0000 https://tenlifestylegroup.com/?p=3744 Ten Group is harnessing the power of artificial intelligence to elevate the way we deliver luxury concierge services, personalizing recommendations and optimizing booking experiences to enhance value for our members and corporate partners.

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These podcasts draw on our in-house library of world-class travel and dining guides, powered by the in-depth knowledge of our travel and dining specialists, and packed with carefully curated recommendations and insider tips. They also highlight the upscale travel and dining benefits available through the premium partnerships that elevate Ten lifestyle experiences to the extraordinary.  

By leveraging AI to transform text into high-quality audio conversation, we deliver luxury travel and dining inspiration in a new format that resonates with modern travellers. These podcasts serve as digital companions, allowing members to absorb our expert insights on the go—whether they’re commuting, packing for a trip, or exploring a new city. 

  • A Concierge Guide to London 
    Hit the streets of London for an in-depth tour of sights to see, places to stay, and of course, our expert guidance on the city’s sizzling dining scene, packed with can’t-miss experiences for first-time and return visitors alike.   

 

  • Wining and Dining on the Cape Peninsula 
     Dive into the heart of Cape Town’s food and wine heritage with our auditory journey through local gastronomy and exclusive vineyard tours, designed for fans of fine dining and  exceptional vintages in stunning natural settings. 

 

  • Haute Cuisine: the Best of Paris and the French Riviera 
    Immerse yourself in the sophistication of Parisian cuisine and decadent dining along the French Riviera with insider tips on destination restaurants and exclusive dining experiences—a dream guide for foodie Francophiles 

 

As we continue to explore the vast potential of AI, we remain committed to elevating member experiences and delivering exceptional value to our partners. Simply grab your earbuds to join us on this exciting journey and get inspired for your next adventure. 

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A Concierge Guide to London
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Wining and Dining on the Cape Peninsula
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Haute Cuisine: the Best of Paris and the French Riviera 

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Personal assistant: Ten and client launch new program   https://tenlifestylegroup.com/2023/02/24/personal-assistant-ten-and-client-launch-new-program/ Fri, 24 Feb 2023 23:04:39 +0000 https://tenlifestylegroup.com/?p=2902 Ten collaborates with a corporate client in Brazil to launch a 24/7 personal assistant program targeting high-net-worth families.

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At Ten, we strive to meet our members where they are — whether they’re on holiday in Europe and in search of an eco-minded slow travel vacation by train, or at home and simply in need of a personal assistant to arrange a car service for a loved one.  

That’s why we’re collaborating with a long-standing corporate client to launch a first-in-market concierge proposition in Brazil: a personal assistant program. Uniquely co-designed with our members, the program promises to deliver a hyper-personalized experience. The service starts with understanding what members care about most and enjoy, and executes on these desires by offering a curated collection of luxury travel partners, exclusive experiences, and specially negotiated benefits with the world’s most coveted destinations and brands. 

‘Demand for high-end travel grew after the pandemic,’ notes Angela Alves, Ten’s Americas Director. ‘We recognized this pattern in our member base, so we proposed a unique, personalized service that is attentive to this high-income, increasingly discerning consumer segment.’ 

The personal assistant service is available 24/7 through select communication options, including a dedicated digital platform and a preferred group of Lifestyle Managers reachable anytime via WhatsApp, ensuring that there is always someone ready and on-hand to meet these members’ requests.  

Time is an invaluable asset, and our high-net-worth member base heartily agrees. With the personal assistant program, they won’t need to spend time searching for luxury accommodation, calling restaurants to make reservations, or waiting in online ticketing queues. Instead, they’ll simply enjoy their vacations and indulge in the program’s member-only benefits, including special treatment at 5-star hotels, such as early check-in or late check-out, unlimited access to VIP lounges, and discounts on private jets and certified executive helicopters.  

And the upgrades don’t end with travel — our dedicated team also secures priority bookings at Michelin-starred restaurants and exclusive access to top cultural events around the world. 

In addition to arranging these luxury travel, dining, and leisure experiences, the program will also provide personalized support for everyday tasks, such as purchasing an anniversary gift from Tiffany’s or booking a last-minute, post-work massage. 

At Ten, we continuously strive to innovate our service offerings and improve our members’ concierge experience. From launching digital-first engagement solutions to forging consistently impressive supplier relationships, members remain at the heart of all we do. By partnering with our corporate client, Ten are able to get to know each member on a more intimate and personal basis, ensuring that the member gets the most of the concierge service, one request at a time. 

For more information on Ten Lifestyle group and its innovation, please visit our news page.

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Drop your pin in Australia with Ten’s new lifestyle and travel blog for Westpac  https://tenlifestylegroup.com/2023/01/17/australia-travel-blog/ Tue, 17 Jan 2023 07:24:50 +0000 https://tenlifestylegroup.com/?p=2630 A dedicated lifestyle and travel blog covering the best things to do, destinations to visit and places to eat and drink across Australia

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Until recently, all the content that Ten produces has only been available to our members behind a password-protected site. Our content is precious because it’s been carefully curated by a team of award-winning writers and editors. We tailor our content to our members, and use their behaviour and needs to inform it. Each of the articles, magazines, and guides help members plan adventures, elevate their lifestyle – and demonstrate how they can make the best use of their concierge service.  

In 2022, however, we decided to let our content out into the world – Australia to be specific. This content has the aim of telling a broader audience the story of Ten’s unique service. What’s more, it’s a service that many Australians might already have access to through our client Westpac, one of Australia’s Big Four banks.  

Enter Pindrop Adventures, a lifestyle and travel blog dedicated to helping Australians find the top things to do near them, the finest places to eat and drink locally and abroad, and the premier destinations to travel to across the continent and beyond. Our travel features are informed by our members’ behaviours as well as our on-the-ground experts in Sydney.  

The Pindrop Adventures writers know Australia well and have in-depth insider knowledge of the culinary scene and local experiences. We’ve optimised our highly curated travel blog content for SEO and gearing it to a local audience’s search behaviours. This will entice more would-be members to activate their service and turn nonmembers into leads for Westpac. 

Through our Westpac partnership, many Australians have eligible cards that offer them complimentary access to this service and they might not even know it. And for Australians who don’t bank with Westpac or one of its affiliates – St.George Bank, Bank of Melbourne, or BankSA (formerly The Bank of South Australia) – they can sign up for an eligible card to receive this service as part of their benefits.  

This travel blog is all part of an effort to provide a new generation of Australians with better ways to travel and perks they wouldn’t otherwise have or enjoy: room upgrades, spa credit, complimentary nights on their hotel stays, even everyday shopping, and restaurant benefits.  

Pindrop Adventures first launched to the world in late 2022, and we’ve already attracted an audience of organic searches. We’ll continue building backlinks and optimising our site and its content to track conversions and organic traffic as we grow our authority in this exciting initiative.  

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Ten’s New In-Person Concierge at GRU Airport https://tenlifestylegroup.com/2022/10/26/ten-now-has-in-person-concierge-at-a-vip-lounge-at-guarulhos-airport/ Wed, 26 Oct 2022 16:33:12 +0000 https://tenlifestylegroup.com/?p=2547 Ten have collaborated with one of our strategic clients to provide our first in-person concierge in Latin America at the client’s new VIP lounge in Terminal 3 of GRU Airport in Guarulhos, Brazil.  

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At Ten, it is our mission to deliver trustworthy and pioneering concierge service to our members—to meet them where they are, to anticipate their every need, and to exceed their expectations tenfold.  

Today, we are thrilled to announce our latest project driven towards that mission. We have collaborated with one of our strategic clients to provide Ten’s first in-person concierge in Latin America at the client’s new VIP lounge in Terminal 3 of GRU Airport in Guarulhos, Brazil.  

Ten’s concierge service and lifestyle managers are available at The Lounge from 6:00am to 10:00pm to assist members with any travel-related queries or requests they may have, including last-minute travel details, future holiday plans and personalized travel recommendations. Trained tourism experts and customer experience savants, our team are on-hand to ensure our members’ experience at the airport and at their final destination is exceptional. 

The Lounge’s 500m² space offers resting places and even showers where guests can relax and refresh in between journeys, so they’re ready to step off the plane and head straight to a luxurious restaurant reservation at their final destination.  

It also features super-sized interactive touchscreens for guests to engage with a variety of exclusive specially curated content by Ten. The content covers the top holiday destinations for Brazilians and the concierge’s recommendations on the best restaurants, entertainment options and cultural events — from tips on what to order at Hawksmoor in New York City to the best collections to see at Musée D’Orsay in Paris.  

Additionally, lounge guests have access to Ten’s entire Content Suite, including its DINE, WINE, and EXPLORE magazine archives, all available in English, Portuguese, and Spanish. For a sneak peek of the touchscreen content, click here to read EXPLORE 8

“The aim of the partnership is not only to present the extensive array of concierge services available to our corporate client’s valued customers,” says Angela Alves, Ten’s Latin America Director, “it is also to offer a more intimate, personalized and rich customer service experience to our members at The Lounge.”  

By partnering with our client to bring this project to life, Ten continue to expand its influence and offerings, so more people can experience the benefits of living their lives and organizing their travels with concierge. 

PT: Em parceria com nosso cliente, a Ten lançará o Concierge Presencial em uma Sala VIP no GRU Airport, em Guarulhos 

Na Ten, é nossa missão oferecer um serviço confiável e pioneiro aos nossos clientes – para atendê-los onde eles estão, antecipar todas as suas necessidades e superar suas expectativas. 

Hoje, temos o prazer de anunciar nosso mais recente projeto direcionado a essa missão. Colaboramos com um de nossos clientes estratégicos para fornecer o primeiro concierge presencial da Ten na América Latina em sua nova sala VIP, localizada no Terminal 3 do GRU Airport, em Guarulhos, Brasil. 

O serviço de concierge da Ten estará disponível no lounge das 6h às 22h para ajudar os clientes com quaisquer dúvidas ou solicitações relacionadas a viagens, incluindo detalhes de última hora para sua viagem, planos futuros de férias e recomendações personalizadas de viagem. Especialistas em turismo e estilo de vida, nossa equipe está à disposição para garantir que a experiência de nossos clientes no aeroporto e em seu destino final seja excepcional. 

O espaço de 500m² do Lounge oferece áreas de descanso e até chuveiros onde os clientes podem relaxar e se refrescar entre as viagens, para que estejam prontos para sair do avião e seguir direto para uma reserva de restaurante feita pelo concierge em seu destino final. 

Ele também possui telas interativas touchscreen para que os visitantes se envolvam com uma variedade de conteúdo exclusivo com curadoria especial da Ten. O conteúdo abrange os principais destinos de férias para brasileiros e as recomendações do concierge sobre os melhores restaurantes, opções de entretenimento e eventos culturais — desde dicas sobre o que pedir no Hawksmoor em Nova York, até as melhores coleções para ver durante sua visita no Musée D’Orsay em Paris. 

Além disso, os clientes do lounge têm acesso a todo o portfólio de conteúdo da Ten, incluindo os arquivos das revistas DINE, WINE e EXPLORE, disponíveis em inglês, português e espanhol. Acesse uma prévia do conteúdo disponível para nossos clientes, clique aqui para ler a EXPLORE 8 (em inglês). 

“O objetivo da parceria não é apenas apresentar a ampla gama de serviços de concierge disponíveis para os valiosos clientes de nossos clientes corporativos”, diz Angela Alves, Diretora da Ten para América Latina, “é também oferecer um atendimento mais íntimo, personalizado e rico de experiências aos nossos membros no Lounge VIP.” 

Ao fazer parceria com nosso cliente para dar vida a este projeto, a Ten continua a expandir sua influência e produtos, para que mais pessoas possam experimentar os benefícios de viver suas vidas e organizar suas viagens com concierge. 

SP: En asociación con nuestro cliente, Ten tendrá servicio de concierge en persona en una sala VIP en el GRU Airport

En Ten, nuestra misión es ofrecer un servicio de confianza y pionero a nuestros clientes: ir a su encuentro donde sea que estén, anticiparnos a todas sus necesidades y superar sus expectativas con creces.  

Hoy, estamos encantados de anunciar nuestro último proyecto impulsado hacia esa misión. Hemos colaborado con uno de nuestros clientes estratégicos  para proporcionar el primer servicio de concierge en persona de Ten en América Latina en la nueva sala VIP del cliente en la Terminal 3 del GRU Airport en Guarulhos, Brasil.  

El servicio de concierge y los lifestyle managers de Ten están disponibles en The Lounge de 6:00 a.m. a 10:00 p.m. para ayudar a los miembros con cualquier consulta  o solicitud relacionada con viajes  que puedan tener, incluidos detalles de viaje de última hora, planes de vacaciones futuras y recomendaciones de viaje personalizadas. Expertos en turismo capacitados y especialistas en experiencia del cliente, nuestro equipo está disponible para garantizar que la experiencia de nuestros miembros en el aeropuerto y en su destino final sea excepcional. 

El  espacio  de 500 m² del salón ofrece lugares de descanso e incluso duchas donde los huéspedes pueden relajarse y refrescarse entre viajes, para que puedan alistarse bajando del avión e ir directamente a una lujosa reserva de restaurante en su destino final.  

También cuenta con pantallas táctiles interactivas de gran tamaño para que los huéspedes interactúen con una variedad de contenido exclusivo especialmente curado por Ten.  El contenido cubre los principales destinos de vacaciones para los brasileños y las recomendaciones  del concierge sobre  los mejores restaurantes, opciones de entretenimiento y eventos culturales, desde consejos sobre qué pedir en el restaurante Hawksmoor en la ciudad de Nueva York hasta las mejores colecciones para ver en el Musée D’Orsay en París.  

Además, los huéspedes del salón tienen acceso a toda la Content Suite de Ten, incluidos sus archivos de revistas DINE, WINE y EXPLORE, todos disponibles en inglés, portugués y español. Para un adelanto del contenido  de la pantalla táctil, haga clic aquí para leer EXPLORE 8 (en inglés). 

“El objetivo de la asociación no es solo presentar la amplia gama de servicios de concierge disponibles para los valiosos clientes de nuestros clientes corporativos”, dice Angela Alves, Directora de América Latina de Ten, “sino también ofrecer una experiencia de servicio al cliente más íntima, personalizada y completa a nuestros miembros en The Lounge”. 

Al asociarse con nuestro cliente para dar vida a este proyecto, Ten continúa expandiendo su influencia y ofertas, para que más personas puedan experimentar los beneficios de vivir sus vidas y organizar sus viajes con concierge. 

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The Value of Lifestyle Services https://tenlifestylegroup.com/2021/10/01/the-value-of-concierge/ Fri, 01 Oct 2021 11:38:00 +0000 https://tenlifestylegroup.com/?p=523 “We’re able to leverage the many choices available to open up conversations with clients… so we learn more and build deeper relationships.” – Senior Relationship Manager, a global private bank

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Private banks, wealth managers and premium card issuers who offer Ten’s services to their most valuable clients are seeing their investment contribute to their bottom line.

Our personalized travel and lifestyle management service is loved by members, as it offers access to everything from travel and dining experiences to exclusive offers and events. And, with Ten corporate clients receiving a minimum of 3x ROI, it’s a win-win.

Through member cohort analysis, Ten quantified the impact of concierge services on key commercial and customer metrics, including:

  • Customer acquisition
  • Customer retention
  • Customer engagement
  • Spend on card
  • Assets under management

 

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How to drive your bank’s Net Promoter Score performance https://tenlifestylegroup.com/2021/09/30/how-to-drive-your-banks-net-promoter-score-performance/ Thu, 30 Sep 2021 15:25:00 +0000 https://tenlifestylegroup.com/?p=644 The world’s top private and retail banks are leveraging travel and lifestyle services as a customer experience strategy to enhance their NPS. Ten’s concierge services provide high-value customers with personalised access to travel, dining, entertainment, and exclusive offers, leading to greater engagement and retention.

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The world’s top private and retail banks have found that travel and lifestyle services boost the NPS of their valued customers.

Members love the personalized touch, and as a result, the service NPS is typically comparable to some of the world’s biggest and most-loved global brands. The service NPS ‘halo’ effect also lifts the bank’s customers’ NPS with an average of +15 points for the customer cohort that use the service compared to those who don’t.

We adopt a partnership approach, ensuring a smooth implementation from start to finish. The partnership commercials can be (and often are) linked to the program’s NPS performance.

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How To Reinvigorate Your Loyalty Program To Drive Customer Engagement https://tenlifestylegroup.com/2021/05/28/how-to-reinvigorate-points-based-loyalty-program/ Fri, 28 May 2021 14:34:00 +0000 https://www.tenlifestylegroup.com/?p=1482 Driving engagement and spend, loyalty programs are key to customer retention. Yet with an estimated $50 billion in points never redeemed, there’s a risk of disengagement and financial liability.  

Here’s how you can encourage point spend and enhance lifetime loyalty. 

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Is your loyalty program driving results for your business?

Brands and card issuers will launch a points-driven loyalty program with a clear purpose – to spur customer engagement and ultimately increase customer lifetime value. And it pays off: successful loyalty programs have high customer-engagement levels, typically seeing a 90% increase in purchase frequency and 60% higher spend per transaction [1].

However, not all loyalty programs have found such results easy to achieve. Senior decision-makers of these programs have shared some of the critical challenges they face:

  • Firstly, customers often don’t know what they’ve earned. Whilst points are valuable within the context of the program, customers can quickly lose track of how many they have earned, or how many they need to take advantage of the rewards the program offers.  

  • Secondly, customers often find reward offers to be limited in choice, or unappealing. Many programs have a fixed portfolio of rewards, either negotiated by the program owner or the supplier. This is usually due to a limited resource pool who cannot negotiate and sign partnerships on an international scale.   

  • Finally, 73% of customers save points instead of spending them [2]. More than 50% of accumulated points, with an estimated worth of $50 billion, are never redeemed [3]. Unclaimed rewards can create a significant financial liability on a company’s balance sheet. To compensate, some program owners turn to implementing breakage rules such as points expiration to mitigate such liability. [2].   

However, by increasing breakage, you risk alienating your engaged customers who’ve been actively spending and saving points.  

Hotel Fasano, Rio de Janeiro

 

 

Hotel Fasano, Rio de Janeiro. One of Ten’s Global Hotel Collection

So, how to reduce accrued liability of a points program whilst retaining loyalty?  

The answer is to encourage reward spending. When your loyal customers are engaged and spend, you’ll reap the benefits of a healthy loyalty program, lower accrued liability and lower the dependency on points expiring, or other forms of breakage.   

“Pay with Points” is a new feature on Ten Lifestyle Group’s (“Ten”) Digital Platform and service to encourage point spend. This feature allows members to pay for any concierge bookings with points.   

Simply by raising the visibility of what your customers have earned, expanding the choice of the rewards to include concierge experiences, and making the redemption journey seamless and easy, you can start improving your loyalty program today.   

Key Figures

56% of members prefer one loyalty program over another because it is easy to use
56%
And 50% because it offers relevant rewards [4]
50%
55% of C-suite executives reported their loyalty investments will continue to grow in the next two years [4] 
55%



At Ten, we provide unique bespoke customer experience (CX) solutions to engage and retain loyalty with our clients’ high net worth and affluent customers.   

Using Ten Digital Platform and this new Pay with Points feature, you’ll have the tools to offer more value than ever before and strengthen the brand connection with your customers.  

 

Benefits and impact of the Pay with Points program

 

Ten Pay with Points encourages reward spend through: 

  • Visibility: high visibility of accumulated points at multiple stages of the journey*, including the payment page, reminds members about their points.   
  • Choice: a wide choice of relevant rewards for the member to redeem (or purchase).  
  • Convenience: the points redemption process is simple, straightforward, and easy to understand.  
  • Flexibility: members have the flexibility to pay by card, points, or both*, making this a convenient payment method.   
  • Promotional mechanics: our technology supports special promotional campaigns, such as double-point events, to directly increase spending on the Platform.  

Ten Pay with Points delivers business value through:  

  • Boosting customer value by directly encouraging points redemption and/or spend on card via the Digital Platform (which can be configured to limit members to paying only via our clients’ approved payment methods).  
  • Having high-spending, highly engaged customers who are less likely to leave points on the table – at Ten, members spend up to 30% more thanks to regular, personalized interactions. For more information, please visit this case study on the value of concierge.    
  • Allowing each client to determine the value of the points to fit in with their business strategy. 
  • Enabling integration with a client’s existing points-based program via a secure API between Ten and the client’s points bank/platform. 
The Ritz-Carlton, Tokyo
The Ritz-Carlton, Tokyo. One of Ten’s Global Hotel Collection.

 

For more information, download this whitepaper. If you wish to have a discussion about integrating your points program with our digital platform and service, contact us.  

 

Bibliography 

  1. Customer Engagement from the Consumer’s Perspective – Rosetta Consulting 
  2. Top 5 Things To Know Before Launching a Loyalty Program – The Wise Marketer 
  3. Can Blockchain Help Loyalty Programs? – Bitcoin Magazine, Nasdaq 
  4. Loyalty Big Picture – LoyaltyOne 

The post How To Reinvigorate Your Loyalty Program To Drive Customer Engagement appeared first on Ten Lifestyle Group.

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