The post How NFTs Are Revolutionising The Concierge Industry appeared first on Coinpedia Fintech News
HNWIs frequently rely on concierge networks to save time, travel, and access events and services that are otherwise inaccessible. Demand for concierge memberships declined through the 2010s following the 2008 recession, but the market is steadily on the rise again. A recent market report by Spherical Insights & Consulting forecasts aCAGR of 6.10% in the concierge market during the period of 2021-2030.
In a surprising upward market turn, demand for concierge services boomed following the pandemic, which saw HNWIs seek refuge in private yachts, jets and other exclusive spaces. In addition, trends show that the newly financially mature millennial generation are more willing to spend money on experiences and services rather than material items than previous generations. However, while business is booming, the structure of the industry is growing increasingly outdated.
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