Amex GBT Stays Patient on China to Recoup Missing Revenue
Skift Take
There's still some way to go for the world's biggest corporate travel agency. Recovery is in its sights, and clinching JP Morgan is a major win, but as we've seen so far in 2022, a lot can happen over the next six months, with high hopes on China.
American Express Global Business Travel is banking on a “steady and modest” recovery in the second half of the year, in particular from eventual trips to and from what has been a frustratingly locked-down China.
In June, its corporate travel transactions had only returned to 76 percent on the same period in 2019 — that was up 14 percentage points on March 2022.
The climb back was revealed in its second-quarter
