Ten Lifestyle wins three-year contract with APAC credit card issuer

Concierge platform Ten Lifestyle Group has won a new three-year contract with an unnamed "leading c" in the Asia-Pacific region.

Ten said on Tuesday that it would take over from the client's existing in-house concierge service and external travel service provider in the first half of the 2022 financial year

The contract, which follows a successful trial of Ten's concierge and lifestyle services was expected to be a "large contract" in the 2022 financial year, with "good potential" for growth.

Ten added that the extra volume of member activity would help provide scale and buying power to improve the efficiency and quality of its existing service in the APAC region.

The AIM-listed group added it had also struck a multi-year extension of a medium-sized contract in the APAC region with an existing global client.

Both contract wins were said to have already been incorporated within the group's existing growth plan.

As of 0840 BST, Ten Lifestyle shares were down 1.45% at 102.0p.