Amex Business Travel sees $24.6bn sales in ’07
American Express Business Travel has reported $6.3 billion in new and renewed contracts for 2007.
Renewals contributed to a global retention rate of 98% and sales from newly signed clients in its Global Business segment represented an increase of 55% compared to 2006.
American Express drove $24.6 billion in travel sales during 2007, according to the global travel management company.
It also delivered more than $1 billion in travel and entertainment savings for North America-based middle-market, large-market and multinational clients in 2007.
The European region reported a near 20% increase in new sales and more than $1 billion in renewed contracts.
A recent client survey revealed the top priorities companies are focused on in 2008 – the environmental impact of a travel programme, meetings expense management and globalisation.
President of American Express Global Travel Services Charles Petruccelli said: “Given current economic conditions and outlook, the solutions that we offer are even more attractive to our customers.
“Our ability to demonstrate the savings potential through a differentiated managed travel and entertainment program is the reason clients want to partner with us – our commitment to deliver unparalleled service and deliver on those savings are the reason they stay with us.
“We continue to look for new ways to raise the bar and enhance the value we deliver to our customers both online and offline.
“This year, we will be exploring new opportunities and innovations that provide the next generation of end-to-end total travel and expense management solutions for our clients, including continued expansion and upgrading of our AXIOM web-based solution, the introduction of a web-based meetings management solution, and more.”
by Phil Davies
Phil Davies
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