Connect with us

Technology

Global Loyalty Programs Business Intelligence Report 2024: Key Players are Leveraging Web3 Capabilities to Innovate their Offerings

Published

on

DUBLIN, Feb. 23, 2024 /PRNewswire/ — The “Global Loyalty Programs Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics – Q1 2024 Update” report has been added to  ResearchAndMarkets.com’s offering.

Global loyalty market is expected to grow by 11.1% on an annual basis to reach US$150.97 billion in 2024

This report provides a detailed data-centric analysis of the loyalty market opportunities and risks across a range of industry categories. With over 50 KPIs at the country level, this report provides a comprehensive understanding of loyalty market dynamics, market size and forecast, and market share statistics.

In value terms, global loyalty market has recorded a CAGR of 12.4% during 2019-2023.The global loyalty market will continue to grow over the forecast period and is expected to record a CAGR of 9.5% during 2024-2028. The global loyalty market will increase from US$135.90 billion in 2023 to reach US$217.37 billion by 2028.

The global loyalty program industry is poised for accelerated growth over the medium term. Inflation and higher food prices have been driven by the adoption of loyalty schemes in markets like Europe and Africa. This trend is projected to further continue in 2024, supporting industry growth. Innovation in the sector is also rising significantly, with firms forging strategic alliances to launch Web3 loyalty programs for better customer engagement.

Quick service restaurants (QSR) and food delivery platforms are also betting on loyalty schemes to aid business growth. This trend is gaining widespread momentum across regions, including Asia Pacific, North America, and Europe. Overall, the publisher maintains a robust growth outlook for the global loyalty program industry over the next three to four years.

QSRs are planning to drive business growth by leveraging the popularity of loyalty schemes in 2024

The adoption of loyalty programs has increased significantly over the last 12 months and the trend is projected to continue further over the medium term. To tap into the growing popularity, QSRs are expanding their loyalty schemes to drive business growth in the global market.

McDonald’s, in December 2023, revealed that the firm is planning to open 10,000 new outlets in the global market by 2027. Furthermore, the firm is also planning to double its sales from the loyalty program to US$45 billion. By 2027, McDonald’s aims to have 250 million loyalty members. Currently, the program has 150 million members, who are generating more than US$20 billion in sales annually for the QSR.

Domino’s, another leading QSR in the global market, is also planning to launch a loyalty program in more global markets to drive business growth. The firm, in 2024, aims to launch a loyalty scheme for its customers in the United Kingdom. The firm has been able to increase the purchase frequency by 1.7 times in the first year of the scheme launch in the United States. The QSR aims to replicate the success in the United Kingdom too.

The expansion strategy adopted by these QSRs will further support the competitive landscape in the fast-growing sector, driving innovation and market growth over the next three to four years.

Businesses are leveraging Web3 capabilities to innovate with their loyalty program offerings

A rising number of businesses, across industry verticals, are seeking to leverage Web3 capabilities to innovate with their loyalty programs and build better engagement for their customers.

Visa, in January 2024, announced the launch of a Web3 loyalty service involving gamified giveaways and other experiences. The solution will enable brands to create digital wallets, which will be used for storing reward points and experiences on behalf of the consumers.

Moonbeam Network, a platform for creating applications that can interact across different blockchains, has revealed collaborations with DUX, a provider of Web3 infrastructure, and Grupo RAO, the biggest Japanese food delivery service in Brazil. Together, the firms plan to introduce an innovative Web3 Loyalty Program in Brazil.

Lufthansa, the German airline carrier, entered into a strategic partnership with Polygon in September 2023. As part of the collaboration, the airline aims to launch an NFT-powered loyalty program, which will gamify the flight experience for flyers. Notably, the airline carrier will enable flyers to collect NFTs, which can be utilized for rewards like accumulating miles and accessing the lounge.

Going forward, in 2024, the publisher expects more global firms to launch Web3-powered loyalty programs. This will drive the trend of strategic partnerships in the sector, while also aiding the competitive landscape over the medium term.

Supermarket loyalty programs are gaining widespread adoption among consumers globally

Food inflation has reached multi-year highs across many European nations. Consumers, throughout 2023, have been reeling under the impact of higher inflation and food prices. Consequently, to drive consumer spending, supermarkets have been leveraging loyalty programs.

Tesco and Sainsbury’s have made changes to their loyalty program to better meet the demands of their consumers. These programs have also resulted in higher sales numbers for firms like Tesco. Nearly, 21 million households have a Tesco Clubcard in the United Kingdom.

For Tesco, these 21 million households are responsible for 80% of the sales. Tesco holds a significant 27.4% of the market share. More than 8,000 products are offered under its Clubcard Prices scheme. Sainsbury’s, on the other hand, offers 6,000 products under its loyalty scheme.

In France, Netto also launched a digital loyalty card in September 2023. The digital loyalty card provides access to offers and electronic vouchers. The launch is part of the firm’s strategy to lessen the impact of higher food prices faced by consumers. The adoption of loyalty programs is also strong in the African markets. Naivas, one of the leading supermarket chains in Kenya, signed up its two millionth loyalty member in November 2023. The firm is leveraging loyalty programs to retain customers and drive sales growth. It has achieved an annual profit of more than Sh2 billion.

This title is a bundled offering provides detailed 20 reports, covering global insights along with data centric analysis at global and country level:

Global Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Argentina Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Australia Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Brazil Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Canada Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)China Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)France Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Germany Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)India Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Indonesia Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Italy Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Mexico Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Nigeria Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Philippines Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Russia Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)South Africa Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)Thailand Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)United Arab Emirates Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)United Kingdom Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)United States Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)

For more information about this report visit https://www.researchandmarkets.com/r/cdqw0x

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/global-loyalty-programs-business-intelligence-report-2024-key-players-are-leveraging-web3-capabilities-to-innovate-their-offerings-302070115.html

SOURCE Research and Markets

Continue Reading

Technology

Florida Southern College Celebrates Ben and Missy Albritton Citrus and Horticulture Complex Greenhouse Raising and Miller Planetarium Rededication

Published

on

By

LAKELAND, Fla., Oct. 26, 2026 /PRNewswire/ — Florida Southern College celebrated two significant investments in science education and historic preservation on Thursday, Oct. 22, with the Ben and Missy Albritton Citrus and Horticulture Complex Greenhouse Raising, as well as the Miller Planetarium Rededication. The celebration highlighted the College’s commitment to agricultural education, scientific discovery, and preserving its distinctive Frank Lloyd Wright-designed campus.

The event welcomed Florida Senate President and Florida Southern alumnus Ben Albritton and his wife, Missy Albritton, along with state and local officials, College leadership, alumni, and community partners. The program included the unveiling of a dedication inscription honoring the Albritton’s, a greenhouse raising ceremony for the new greenhouse complex, and a ribbon-cutting ceremony for the newly modernized Miller Planetarium.

The Albritton Citrus and Horticulture Complex will strengthen Florida Southern’s longstanding connection to Florida’s citrus industry and agricultural education. As a student, Ben Albritton studied horticulture at the College, where faculty members helped him recognize his potential as both a student and a leader. The complex honors the Albrittons’ connection to Florida Southern and their commitment to education, agriculture, and public service.

During the greenhouse raising, invited guests signed a steel beam that will become a permanent part of the new complex. The ceremony recognized the collaborative efforts of the College, state leaders, and community supporters in advancing agricultural education. Once completed, the four new greenhouses will provide opportunities for hands-on learning, experimentation, and scientific inquiry.

State funding is also supporting improvements to Polk Science, including structural upgrades, historic preservation, and restoration of its greenhouse. Complementing these investments, a private donor gift will support renovations to existing laboratories, strengthening facilities for scientific instruction and research.

“We are particularly grateful to the State of Florida and specifically the Polk County legislators who made these opportunities possible for students, schools, and the entire community,” said Dr. Jeremy Martin, President of Florida Southern College. “We are also honored to recognize Ben and Missy Albritton, whose longstanding relationship with Florida Southern and commitment to Florida agriculture and public service make today’s celebration especially meaningful.”

The celebration continued at the Miller Planetarium, where President Jeremy Martin led the rededication and ribbon-cutting ceremony. The planetarium’s modernization includes significant upgrades to projection and audiovisual technology, transforming the historic facility into an immersive learning environment for students, K-12 school groups, families, and visitors.

The program recognized Senator Colleen Burton and Representative Jennifer Canady for their advocacy in securing state appropriations for Florida Southern over the past several years. The restoration also received support from the State of Florida, the National Park Service’s Save America’s Treasures grant program, and a private donor. These investments helped preserve the planetarium while equipping it with modern technology to inspire new generations of learners.

“The reopening of the Planetarium fulfills a dream decades in the making,” said Dr. Keith Berend, chairman of the College’s Board of Trustees. “As a student here in the late 1980s and early 1990s, I remember hoping to see this day.”

Dr. Berend also emphasized the significance of the greenhouse complex in carrying forward Florida Southern’s agricultural legacy.

“Florida Southern has a proud history in citrus education, including what was once the nation’s only bachelor’s degree dedicated to citrus. Seeing that legacy carried forward for a new generation is especially exciting,” he said.

Together, the Albritton Citrus and Horticulture Complex and the Miller Planetarium connect Florida Southern’s legacy with new opportunities for scientific exploration, student learning, and community engagement.

Founded in 1883, Florida Southern College is the oldest private college in the state. The College maintains its commitment to academic excellence through 70+ undergraduate programs and distinctive graduate programs in business administration, education, nursing, and physical therapy. Florida Southern has a 14:1 student-to-faculty ratio, is an award-winning national leader in engaged learning, and boasts 30 NCAA Division II National Championships. In the U.S. News & World Report’s 2025 “Best Colleges” guide, Florida Southern ranks #11 among “Best Regional Universities in the South,” #12 in “Most Innovative Schools,” and #24 in “Best Value Schools.” The College is also highlighted in The Princeton Review’s 2026 Best 391 Colleges guide and the “Fiske Guide to Colleges 2025.” The 2025-2026 Colleges of Distinction guidebook praises Florida Southern’s AACSB-accredited Barney Barnett School of Business and Free Enterprise alongside the College’s School of Education and its Ann Blanton Edwards School of Nursing and Health Sciences. Home to the world’s largest single-site collection of Frank Lloyd Wright architecture, Florida Southern houses 13 Wright-designed structures.

View original content to download multimedia:https://www.prnewswire.com/news-releases/florida-southern-college-celebrates-ben-and-missy-albritton-citrus-and-horticulture-complex-greenhouse-raising-and-miller-planetarium-rededication-302920011.html

SOURCE Florida Southern College

Continue Reading

Technology

The Island of The Stars, La Palma, Hosts Artemis II Commander Reid Wiseman

Published

on

By

CANARY ISLANDS, Spain, Oct. 26, 2026 /PRNewswire/ — From the iconic sound of Sir Brian May’s legendary Red Special guitar and the extraordinary voices of Andrea Bocelli and Sarah Brightman to the groundbreaking discoveries of Nobel Prize-winning scientists, from NASA’s Artemis II astronauts preparing for humanity’s return to the Moon to historic tributes to Stephen Hawking and Jane Goodall, STARMUS VIII — The Search for Truth brought together an extraordinary constellation of scientific minds, legendary musicians, explorers and visionary thinkers for six unforgettable days in the Canary Islands.

Held across Tenerife and La Palma from 17 to 22 October 2026, the eighth edition of STARMUS transformed the islands into a global stage for scientific discovery, artistic excellence and some of the most important conversations shaping humanity’s future.

Founded by astrophysicist Dr. Garik Israelian and legendary Queen guitarist and astrophysicist Sir Brian May, STARMUS once again demonstrated its unique ability to bridge science, music and society, bringing complex scientific ideas to audiences through extraordinary encounters, performances and shared experiences.

In an extraordinary exchange in La Palma with Reid Wiseman, Commander of the Artemis II mission to the moon, astrophysicist and Starmus co-founder Garik Israelian asked him how it felt to be at the Starmus VIII Festival in La Palma when “15 years ago we were here with Neil Armstrong Alexei Leonov, Jim Lovell, Charlie Hewitt, Buzz Aldrin, lots of scientists, Brian May….” Commander Wiseman responded, “I am here in La Palma and Alexei Leonov was one of the first people to talk to me before I launched to the International Space Station in 2014, and then Jim Lovell sent us a greeting when we went around the far side of the moon in 2014 on Artemis II…amazing to be connected through all those years.”

Media Contacts:

US: Dan DuPont, dupont0708@gmail.com, +1 202 380 7558

UK/EU: Nicole Ettinger, nicole@ettingerpr.com, +44 7515 394107

Spain: Carlos Esteban, cesteban@llys.global, +34 699 55 2854

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-island-of-the-stars-la-palma-hosts-artemis-ii-commander-reid-wiseman-302920013.html

SOURCE Starmus Foundation

Continue Reading

Technology

COLUMBIA DISTRIBUTING COMPLETES ALASKA TRANSACTION WITH RNDC, ESTABLISHING A FOUR-STATE PACIFIC NORTHWEST TOTAL BEVERAGE PLATFORM

Published

on

By

WILSONVILLE, Ore., Oct. 26, 2026 /PRNewswire/ — Columbia Distributing today announced it has completed its transaction with Republic National Distributing Company (RNDC) to acquire certain beverage distribution assets in Alaska, marking Columbia’s official entry into the state and completing the final component of the letter of intent announced by the companies in April.

The closing represents a major milestone in a long-term strategy Columbia set out to build: a multi-category, multi-state total beverage platform across the Pacific Northwest. With direct operations now spanning Alaska, Oregon, and Washington, along with its recently completed strategic partnership with Hayden Beverage in Idaho, Columbia has brought that vision to life, creating a connected four-state route to market and a more complete one-stop solution for supplier and retail partners across the region.

“This is a huge moment for Columbia because it represents exactly what we set out to build,” said Chris Steffanci, President and CEO of Columbia Distributing. “Our long-term vision has been to create the strongest total beverage platform in the Pacific Northwest—a multi-category, multi-state strategy that gives our partners a more complete solution across the region. With Alaska, that vision is now coming to life. We can offer suppliers and retailers a connected, capable, and increasingly seamless route to market across Alaska, Idaho, Oregon, and Washington.”

The Alaska transaction expands Columbia’s direct service territory to more than 835,000 square miles and adds nearly 1,500 customer accounts. It also brings Columbia into a market with an experienced local team, strong customer relationships, and an established beverage distribution network.

Columbia sees significant untapped potential in the Alaska business and plans to bring renewed investment, leadership, resources, and market focus to the state. The company will pair the Alaska team’s local knowledge and relationships with the culture and ways of working that drive Columbia’s performance in its existing markets, empowering people, moving with urgency, holding one another accountable, and maintaining a relentless focus on customers, brands, and execution.

“What has impressed me most is the energy and ambition of the Alaska team,” Steffanci said. “They know the market, they believe in the brands, and they are hungry to grow, compete, and win. They do not need us to teach them Alaska. Our responsibility is to give them the leadership, investment, tools, and support to show what they can do.”

“At Columbia, we trust our people, empower the teams closest to the market, and expect everyone to take ownership of results,” Steffanci continued. “That culture and the way we work across our company will bring new energy and momentum to Alaska. We are not entering the market to maintain the status quo—we are here to build, grow, compete, and raise the standard. This team is ready to be unleashed, and I believe the market is going to feel the difference very quickly.”

The expansion is the latest step in the deliberate strategy Columbia has pursued to build a broader total beverage business across multiple categories and markets. On June 30, the company completed its acquisition of certain RNDC wine and spirits distribution rights in Oregon and Washington. In September, Columbia completed a strategic partnership with Hayden Beverage, creating long-term alignment with Idaho’s leading locally based beverage distributor. The Alaska transaction completes the geographic footprint Columbia envisioned across the four-state Pacific Northwest market.

Together, these transactions create a platform designed around what suppliers and retailers increasingly need: one partner capable of representing multiple beverage categories across multiple states while still maintaining the local knowledge, relationships, and market-level execution required to succeed in each community.

Columbia’s expanded platform spans beer, wine, spirits, cider, non-alcoholic beverages, and emerging beverage categories. For supplier partners, it provides greater regional scale, category expertise, operational capabilities, and a more cohesive route to market. For retailers, it provides access to a broader portfolio backed by strong sales, delivery, merchandising, revenue management, and account execution capabilities.

“This is what total beverage means to us,” Steffanci added. “It is not simply adding categories or adding geography. It is about building a one-stop solution that connects categories, capabilities, people, and markets in a way that creates more value for our partners. We now have the platform we envisioned across the Pacific Northwest, and our focus turns to executing against that opportunity.”

Columbia is working closely with the Alaska team, suppliers, customers, and business partners to support a smooth transition. Columbia will communicate additional information about the operational transition, portfolio, and go-live timing directly to affected stakeholders.

Columbia appreciates RNDC’s partnership and the work of teams across both organizations to complete the transaction. Financial terms were not disclosed.

About Columbia Distributing

Since 1935, Columbia Distributing has helped build some of the best-known brands in the beverage business. Today, Columbia is one of the nation’s leading total beverage distributors, with a portfolio spanning beer, wine, spirits, cider, non-alcoholic beverages, and emerging beverage categories.

Columbia’s more than 3,200 teammates serve approximately 24,000 retail customers and deliver more than 80 million cases annually. With direct operations across Alaska, Oregon, and Washington and a strategic partnership with Hayden Beverage in Idaho, Columbia offers supplier and retail partners a connected four-state, multi-category route to market across the Pacific Northwest.

Columbia’s success is built on its people, its brands, and a deep-rooted commitment to execution, service, and creating sustainable growth for its teammates, customers, suppliers, shareholders, and communities. For more information, visit www.coldist.com.

Contact: Steve Gibbs
Steve.Gibbs@coldist.com | 206-920-6799

View original content to download multimedia:https://www.prnewswire.com/news-releases/columbia-distributing-completes-alaska-transaction-with-rndc-establishing-a-four-state-pacific-northwest-total-beverage-platform-302919977.html

SOURCE Columbia Distributing

Continue Reading

Trending