Amex Travel Posts Record Bookings as Chase Rivalry Heats Up
Photo Credit: The entrance to the American Express Centurion Lounge at LAX, Tom Bradley International Terminal. American Express
Skift Take
If you think the competition between Airbnb and Booking.com is hot, what about the rivalry between American Express Travel and Chase Travel? You'll be hearing lots more about it in years to come.
American Express Travel, the card company's luxury-oriented leisure travel portal, posted "record high bookings" in the third quarter as travel rebounded.
CEO Stephen Squeri said during a call with analysts Friday that cardmember spending overall —beyond trip bookings on the travel site — jumped of 9% year-over-year because of "strong retail spending and a bounce back in travel."
The company delivered the news in a presentation that accompanied its earni
