Amex GBT sees more SMEs needing business travel help
The company reported a 10% increase in SME transactions in the quarter and a 17% increase in revenue, to $571 million
American Express Global Business Travel says its push to make it easier for small businesses to manage their travel needs has paid off. The company reported double-digit transaction growth in the small- and medium-sized business segment in the third quarter.
“Our biggest opportunity remains in the SME segment, and this represents a total opportunity of approximately $950 billion of travel spend,” said Paul Abbott, Amex GBT CEO. He said 70% of the SME segment is not in a managed travel program.
The company reported a 10% increase in SME transactions in the quarter and a 17% increase in revenue, to $571 million.
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