American Express Reports 6% Increase in Hotel Spend as Affluent Travelers Prioritize Luxury and Experiences
🏨 Apr 28, 2026: American Express reveals strong Q1 results driven by premium customers. Luxury retail spending rose 18%, hotel spending increased 6%, and bookings via Fine Hotels & Resorts surged 50%. Airline spending slowed in March-April due to geopolitical tensions, but affluent travelers prioritize experience-led spending. Fine dining spend rose 20%. Amex's curated hotel programs expanded, enhancing premium distribution. AI improves service efficiency. High-value segments drive growth despite travel uncertainty.
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