LUXURY CONCIERGE SERVICE MARKET ANALYSIS

Luxury Concierge Service MarketSize and Trends

The global luxury concierge service market is projected to surpass US$ 731.4 million by the end of 2030, in terms of revenue, growing at CAGR of 5.5% during the forecast period (2022 to 2030).

Market Trends

• One of the key trends is an increase in technological development such as use social media to give customized services to customers by leading service provider to improve their positions in the market. Luxury groups of hotels, resorts, and restaurant chains are using social media channels for the better understanding of the requirements of their clients, in order to provide better services and meet the client’s demand. For instance, according to the European Journal of Applied Economics report in August 2021, most of the people across the globe are using social media channels such as Instagram, in order to source information and to get customized service, and luxury concierge service providers are also using those platforms to understand the clients’ requirement.