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AMEX Business Travel continues with stong pace
Tuesday, May 08, 2007
More than $1 billion in new business won globally in the first 100 days of 2007 as American Express Business Travel reported. The sales success signals strong demand for the Company’s innovations in global servicing, data management and online technology, as well as business travel procurement and process management expertise.

The Company also revealed an organizational investment that globalizes and expands its internal field effectiveness unit. The enhanced infrastructure will enable American Express to more readily cultivate and share its best practice disciplines for client relationship management across geographies and within localities, thereby delivering a more consistent program management experience to clients. The newly global field effectiveness team, headed by David Herrick, General Manager, Business Travel Europe, Middle East and Africa, follows recent moves to form global Account Sales and Advisory Services units.

Further, the Company revealed continuing strong demand for its Web-based commerce platform, AXIOM, with 350 clients signed since its U.S. launch in November 2006.

“As decision-making moves to C-level finance and purchasing executives, companies worldwide have become more sophisticated in their approach to travel; to maximize ROI, ensure traveler care, strengthen corporate controls and capitalize on business growth. And they are looking to accomplish these aims with a global partner,” said Charles Petruccelli, President of American Express Global Travel Services.

“Some years ago we ‘globalized’ our service delivery and supplier relations units to enhance the traveler’s experience and augment American Express’ travel procurement expertise. More recently, we introduced the global Advisory Services consultancy to help companies rationalize and exert greater control over traditional travel purchasing (air, hotel, car rental, meetings). And with AXIOM we now enable companies to more effectively purchase across a host of additional business services. The global field effectiveness team further ensures we deliver on our value-creation promise as corporate travel purchasing appetites go global,” added Petruccelli.
Michael Verikios - Tuesday, May 08, 2007
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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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