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Amex Sees Double-Digit Growth in Int’l Customer Spending

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Travel and entertainment spending by American Express U.S. commercial customers increased 3 percent year over year in the second quarter, as spending by international commercial customers showed strong growth during the period, the company reported.

U.S. commercial customer T&E spending for Amex totaled $28 billion in the second quarter, equal to the previous quarter and up from $27 billion in the second quarter of 2023. On goods and services, Amex U.S. commercial customer spending was up 1 percent year over year to $104 billion.

Total spending by small and midsized commercial customers, inclusive of T&E and goods and services, was up 2 percent year over year in the quarter, while spending by large and global corporations in the U.S. was flat.

Amex CFO Christophe Le Caillec noted in an earnings call that “we are not in a high growth spend environment, particularly in the U.S.,” though spending volumes are tracking in line with the company’s expectations. He also noted “slower growth in certain T&E categories versus the prior quarter, such as airline and lodging.”

T&E spending by international Amex customers, both consumer and commercial, increased 11 percent year over year to $27 billion. International SME and large corporate spending, inclusive of T&E and goods and services, was up 14 percent year over year, compared with a 13 percent year-over-year increase for international consumer business.

“We continue to see double-digit growth in spending from international consumers and from international SME and large corporate customers, and we are also seeing double-digit growth across all regions,” according to Le Caillec.

Amex reported total revenues of $16.3 billion for the second quarter, up 8 percent year over year. The company’s net income for the quarter was $3 billion, up from $2.2 billion in the second quarter of 2023.

RELATED:ย Amex Q1 results



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SBTi OKs Amex GBT Emissions-Reduction Goals

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The Science Based Targets initiative has validated American Express Global Business Travel’s plans to reduce carbon emissions, the travel management company announced Thursday.

Amex GBT has pledged to reduce 80 percent of its Scope 1 and 2 emissions by 2030 from a 2019 base year, and to reduce Scope 3 emissions by 30 percent in the same timeframe. Additionally, the TMC committed to “engaging 67 percent of its airline suppliers by emissions, covering use of sold products, to set science-based targets by 2028.”

On a longer-term basis, Amex GBT committed to reduce Scope 1, 2 and 3 emissions by 2050 by 90 percent from a 2019 base.

The SBTi is an initiative of several climate-related groups that assists companies in setting science-based greenhouse gas emissions-reduction targets to achieve net-zero goals. The group requires companies to submit plans to achieve such goals within 24 months of a net-zero commitment. Validation is no certainty; earlier this year, the groupย removed the commitments of scores of companiesย for failure to develop plans for sufficient mitigation

Marriott Internationalย secured similar validationย earlier this year.ย 



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AS Training works with TProfile on tech-focused apprenticeships

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Students will develop technical skills and knowledge on courses



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Aurora Expeditions appoints Greg Cormier as CMO

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Aurora Expeditions appoints Greg Cormier as Chief Marketing Officer to lead global growth, focusing on digital experience and North America.

SYDNEY, AUSTRALIA โ€“ Aurora Expeditions, a pioneer in responsible and immersive small ship exploration, has announced the appointment of Greg Cormier to the role of Chief Marketing Officer.

Based in Toronto, Cormier will be responsible for driving global growth for the brand, with a particular focus on the enhancement of the companyโ€™s digital experience as well as growing market share in North America.

Bringing more than 20 yearsโ€™ of experience in brand and digital marketing, Greg will work closely with the Aurora Expeditions global marketing and sales teams to support the scaling of operations as Aurora prepares to welcome its third purpose-built small ship in 2025.

โ€œI am thrilled to have joined Aurora Expeditions at this pivotal moment for the brand,โ€ commented Cormier. โ€œWith two modern, small expedition ships and a third launching in 2025, Iโ€™m excited to build on the incredible work that has already been done and lead the team into this next chapter of global growth and expansion.โ€

Aurora Expeditions recently released its Arctic and Beyond 2026 season of voyages, including its first expeditions to Southeast Asia as well as its new Small Ship Cruise product, sailing in the Mediterranean, Atlantic Coast, British Isles and more.

Aurora Expeditions is an Australian-owned adventure travel company that has pioneered experiential travel for over 33 years. A Certified B Corporationโ„ข๏ธ and proudly carbon neutral, at the heart of each experience is a commitment to the protection and preservation of our planet.

Founded on the guiding principles of adventure and endless exploration, our carefully curated small-ship voyages offer immersive activities, more time off ship and thoughtful enrichment programs in some of the planetโ€™s most remote and incredible places.

Auroraโ€™s two purpose-built small ships, Greg Mortimer and Sylvia Earle are designed for global discovery. The companyโ€™s third ship, Douglas Mawson, will set sail in December 2025.


George Diamantopoulos

George is the News Feed Manager, Content Creator, and Social Media Manager at the TravelDailyNews network of online newspapers. At the same time, he is completing his studies in the Department of Business Administration at the Athens University of Economics and Business.





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