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American Express Business Travel awarded for travel management leadership and technology innovation
Wednesday, November 16, 2005
American Express Business Travel, the travel management company, has been lauded for its industry-leading technology and travel management services by winning several top industry awards and acknowledgements from the World Travel Awards, InfoWorld Magazine and Travel Trade Gazette Asia.

The company was named the “World’s Leading Travel Company” for business and consumer travel for the second consecutive year and was recognized as having the “World’s Leading Corporate Travel Booking Website” by the independent World Travel Awards. American Express was also recognized for its innovative and superior travel technology by InfoWorld Magazine, which named the new TravelBahnSM Gateway point-of-service and Web-based reservations system tool as one of the premier 100 technology solutions in the country. In addition, earlier this quarter Travel Trade Gazette’s Asia-Pacific readers in their 16th Annual Travel Awards named American Express the “Best Corporate Travel Agency.”

“These awards underscore American Express Business Travel’s unmatched global reach, deep commitment to innovation and technology leadership, and online travel expertise,”
said Charles Petruccelli, President, Global Travel Services, American Express. “We are extremely proud and grateful to receive the industry recognition, which only further energizes our commitment to provide savings, service and control to customers of every size, worldwide.”

The 12th Annual World Travel Awards were held in London in which over 165,000 travel professionals from 200 countries voted to acknowledge the best in travel and tourism worldwide.

The world`s travel professionals have once again recognized American Express Business Travel as the world`s leading travel company, a testament to American Express` unmatched global reach and peerless customer service,” said James A. Khan, Global Sales Director, World Travel Awards. “And in the online arena, one of today`s most competitive categories, American Express also won the travel industry`s accolades, underscoring the company`s dedication to delivering industry-leading technology and innovation.”

“It is especially gratifying to win the world’s leading corporate travel booking Website award as American Express Business Travel celebrates a decade of providing online business travel,”
Petruccelli commented. “As the industry’s online pioneer, we are grateful for the opportunity to have served thousands of companies and millions of business travelers over the years. We are looking forward to the chance to serve millions more as we strive to set an even higher standard of ease, effectiveness and functionality in online travel.”

Rania Deimezi - Wednesday, November 16, 2005
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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