Qatar Investment Authority and Certares lead group investing $900 million for 50% stake in joint venture; American Express retains 50% ownership Investment creates additional capacity for products, technology and servicing capabilities
According to the American Express Meetings & Events 2014 Global Meetings Forecast, following two years of modest budget and activity increases, flat or slight declines in meetings spend per organization are expected across all regions heading into 2014.
American Express Travel released findings from a recent survey of its travel counselors, which queried the experts on travel trends for 2014. The survey of nearly 200 travel counselors sought to uncover the impact the Internet has had within the travel professional community as well as the latest trends in customer buying behavior. The survey shows not only an increase in customers booking and spending more with travel professionals, but that perceived challenges, such as the Internet, have in fact bolstered the industry.
Business travelers are taking to the skies just as much as in previous years, but they are increasingly taking time out for themselves, according to new research released by American Express Global Business Travel
Summer travel plans are up 17% from last year, according to the latest American Express Spending & Saving Tracker, as more than two-thirds (69% vs. 59% in 2012) of consumers plan to get away in the next three months.