Travel Spending Is Going Places for Card Companies

American shoppers’ leisure lives are working laborious for card firms proper now.

American Express on Friday reported that spending on its playing cards for travel-and-entertainment nearly matched the prepandemic 2019 stage in March. While giant company journey spending and worldwide shoppers nonetheless aren’t again to these ranges, U.S. shoppers aren’t being held again by the state of the world today and helped lead the restoration: In the primary quarter they spent 20% extra on T&E, adjusted for alternate charge strikes, than in the identical quarter of 2019, AmEx reported.

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