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Distributors see rebound.

Publication: Business Travel News
Publication Date: 10-NOV-03 		Format: Online - approximately 610 words
Delivery: Immediate Online Access

Article Excerpt
The latest round of earnings reports from corporate travel distributors reflect the beginnings of a long-awaited rebound in corporate travel, signaling to buyers that a market shift is on the horizon. Yet, recession-style management for vendors is far from gone.

Thanks in part to "a notable improvement in the traditional travel and entertainment category," American Express Travel Related Services last month reported record third-quarter net income of $606 million on 8 percent higher year-over-year revenues. A slight rise in the average merchant payment "reflects the relative strengthening of corporate T&E...

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