AmEx: Most travel spending categories fully recovered

The TMC reported particularly strong travel spending among all its customer types in Q4

Jan 30, 2023

Total T&E spending on American Express products in the fourth quarter was $25 billion, up 44% year over year and down 9% compared with 2019.

Key takeaways

  • T&E spending by large U.S. and global corporates was up 86% year over year but remained at two-thirds of pre-pandemic levels;
  • In terms of total T&E spending by category, only spending on airlines was below 2019 levels in Q4.

Get the full story at BTN

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