American Express Sees Flights Propping Up Record Spending Volume On Cards
Skift Take
Credit card members are flying and eating out like never before, driven by Millennial and Gen Z's propensity to travel. Hotels are lagging airlines in terms of growth.
March was a record month for American Express, with the credit card company recording its highest ever spending volume following a surge in people booking flights and eating out.
Travel and entertainment as a spend category increased 39 percent in the first quarter of this year, compared to the previous year’s quarter, which was impacted by the Omicron variant.
That card spending, which includes restaurants, outside of the U.S. increased by 59 percent.
Its Resy restaurant booking platform saw a r
