Amex says business travel rebound is gaining momentum

Business travel is staging a comeback after stagnating for two years following a collapse during the early days of the coronavirus pandemic, according to credit card company American Express.

Travel spending by S&P 500 clients in the month of March was “well over 50 per cent” of its level in 2019, the year before the pandemic hit, Jeff Campbell, Amex chief financial officer, told the Financial Times.

The business travel recovery stalled briefly at the beginning of this year as the Omicron virus variant surged around the US. But travel and entertainment spending — which includes flights, hotels and restaurants