Company Also Announces $3.2 Billion USD in Renewed Client Business
Global Business Travel Company President Shares Thoughts on ‘The New Normal’ and the Industry Rebounding
American Express Global Business Travel today announced it has won through November 2010 more than $2.3 billion in new managed travel business(1) with clients spanning from small and mid-sized companies to large market, multinational and global businesses worldwide. Transaction volumes are also on the rise and have seen double-digit growth globally. For client contracts up for re-signing, it was also reported that renewed client business accounted for $3.2 billion year-to-date.
New “Spend Sights” Reports Show Companies Continue to Spend on Air Travel and Dining while Consumers Invest in their Homes with Furniture and Home Furnishing Purchases
American Express Business Insights today released its series of Q3 2010 Business Insights Spend Sights reports, which analyze changing patterns in spending across various categories, US cities and consumer groups. Based on actual, aggregated spending data between July 1 and September 30, 2010, the Business Insights Spend Sights provide a snapshot into the spending areas seeing improvement, and those yet to rebound. The reports cover sectors such as luxury retail, dining and entertainment, and travel during the third quarter of 2010 as compared to the third quarter of 2009.