Business and Finance
Business and Finance
Fri, January 24, 2025
[ Fri, Jan 24th
] - MSN
[ Fri, Jan 24th
] - Fortune
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[ Fri, Jan 24th
] - Bill Williamson
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[ Fri, Jan 24th
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[ Fri, Jan 24th
] - MSN
[ Fri, Jan 24th
] - tbsnews
[ Fri, Jan 24th
] - MSN
Amex customers have been spending big on first-class and business-class seats
- American Express Co. saw an acceleration in spending growth by its card members during the fourth quarter, as travel and entertainment were particularly hot categories. Amex's fourth-quarter spending growth of 8% compares with 6% in the prior quarter.
American Express (Amex) customers have significantly increased their spending on luxury travel, particularly on first-class and business-class seats, according to recent data. This surge in high-end travel expenditure reflects a broader trend of consumers prioritizing experiences over material goods, especially as travel restrictions have eased. The data indicates that Amex cardholders are not only booking more premium flights but are also spending more on luxury accommodations and exclusive travel experiences. This shift is part of a larger economic recovery pattern where affluent consumers are driving demand for luxury services, contributing to a robust recovery in the travel and hospitality sectors.
Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/amex-customers-have-been-spending-big-on-first-class-and-business-class-seats/ar-AA1xNjh2 ]
Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/amex-customers-have-been-spending-big-on-first-class-and-business-class-seats/ar-AA1xNjh2 ]
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