on Waitwhile
Consumer Frustration with Lines Increases, Impacting Business Loyalty
Waitwhile's latest study, "State of Waiting in Line 2024," reveals the growing impact of customer service expectations on business performance and loyalty. As customer expectations for speed and convenience rise, the study shows physical queues as a significant barrier to satisfaction, with frustration levels increasing by 126% year-over-year.
According to the report, 80% of consumers avoid businesses with lines, with nearly 40% opting for competitors or abandoning their purchase. Retail experiences the longest wait times, with a 61% increase since 2022, leading to dissatisfaction and lost revenue.
To address these issues, Waitwhile's CEO suggests adopting virtual queues and appointment scheduling. This approach could turn waiting into engaging experiences, fostering customer loyalty and business growth.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Waitwhile news