REG - Ten Lifestyle Group - Ten partners with collection of travel agencies

Ten LifestyleAnnouncement

08/02/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240208:nRSH4038Ca&default-theme=true

RNS Number : 4038C  Ten Lifestyle Group PLC  08 February 2024

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 Medium(1) 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/
(https://www.tenlifestylegroup.com/)  or contact:

 

 Ten Lifestyle Group Plc                                             +44 (0)20 7850 2796

 Alex Cheatle, Chief Executive Officer

 Alan Donald, Chief Financial Officer

 Singer Capital Markets Advisory LLP, Nominated Advisor and Broker   +44 (0) 20 7496 3000

 Corporate Finance: James Moat / Oliver Platts

 Corporate Broking: Tom Salvesen / Charles Leigh-Pemberton

 

Notes to Editors:

About Ten Lifestyle Group Plc

Ten Lifestyle Group plc (http://www.tenlifestylegroup.com)  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
(http://www.tenlifestylegroup.com/) .

About Global Travel Collection

 

Global Travel Collection (https://www.globaltravelcollection.com/) (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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTBIGDDGXGDGSR