Today, American Express Business Insights, the analytics and consulting organization within American Express, released new trends and insights into the world of global luxury spending.
Based on proprietary transaction data that draws on the power and reach of the American Express global network with $111 billion of annual luxury spend, American Express Business Insights offers a first-of-its kind glimpse into the luxury market.
For details of these findings, including luxury spend performance by region and brand loyalty insights, see the enclosed luxury brief.
Business Insights services are available immediately to companies around the world. A current selection of products for U.S. businesses is available online at: americanexpress.com/businessinsights.
About American Express Business Insights
As part of the Global Merchant Services organization, American Express Business Insights provides in-depth, actionable insights into consumer and business spending at the business, industry and geographic levels, leveraging proprietary transaction data from the American Express network of approximately 90 million cards in force across more than 125 markets. American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success.