In contrast, we saw very strong growth in travel and entertainment spending across geographies and customer types, up 14% overall driven by sustained demand for travel and dining experiences.

Jul 21, 2023 / CFO / receipt, needs a key / Jeff Campbell, CFO | earnings call 2023-07-21 | transcript 000dfc56-27f8-4eae-ac80-78ef1c38704a | chars 11320-11511 | segment 11

As Steve noted earlier, we did see particularly strong growth in travel and entertainment spending in Q1 of 39%, driven by continued demand for travel and dining experiences.

Apr 20, 2023 / CFO / receipt, needs a key / Jeff Campbell, CFO | earnings call 2023-04-20 | transcript 327afe3f-6ad7-459e-be79-58499488bd97 | chars 8202-8376 | segment 8

International card services travel and entertainment growth was especially robust at 58% for the quarter.

Apr 20, 2023 / CFO / receipt, needs a key / Jeff Campbell, CFO | earnings call 2023-04-20 | transcript 327afe3f-6ad7-459e-be79-58499488bd97 | chars 9990-10095 | segment 10

As you heard Steve talk about a bit last month at an investor conference, Our SMEs have recently started to slow down spending in certain categories, such as digital advertising, so we continue to monitor spending trends.

Jan 27, 2023 / CFO / receipt, needs a key / Jeff Campbell, CFO | earnings call 2023-01-27 | transcript 545a2454-a9ae-41e4-8589-8c0229c18841 | chars 11578-11799 | segment 11

Across all customer types, T&E spending momentum remained particularly strong in the fourth quarter, while we also saw nice sequential growth in the amount of goods and services spending versus last quarter, So there were a few pockets that slowed, such as the digital advertising spend in SME that I mentioned earlier.

Jan 27, 2023 / CFO / receipt, needs a key / Jeff Campbell, CFO | earnings call 2023-01-27 | transcript 545a2454-a9ae-41e4-8589-8c0229c18841 | chars 12387-12706 | segment 12

Similar to last quarter, this strong growth was largely driven by a recovery in travel-related revenues.

Oct 21, 2022 / CFO / receipt, needs a key / Jeff Campbell, CFO | earnings call 2022-10-21 | transcript 555b41d8-12a3-4998-8beb-708d214c8751 | chars 15726-15830 | segment 15

Our spending metrics are being driven by both sustained growth in goods and services spending and by an acceleration in T&E recovery in the second quarter.

Jul 22, 2022 / CFO / receipt, needs a key / Jeff Campbell, CFO | earnings call 2022-07-22 | transcript c73db09a-b753-4a08-991c-bde691c735e0 | chars 9798-9953 | segment 9

In contrast, total T&E spending as you see on slide five, showed an acceleration in its recovery this quarter even more than we and many others would have expected, reaching 108% 2019 levels. The high demand for travel drove a steep recovery across all customer types.

Jul 22, 2022 / CFO / receipt, needs a key / Jeff Campbell, CFO | earnings call 2022-07-22 | transcript c73db09a-b753-4a08-991c-bde691c735e0 | chars 10342-10610 | segment 10

T&E spending did show a dip, in January and early February due to the Omicron variant, but spending then rebounded tremendously, reflecting pent-up travel demand and essentially reached 2019 levels for the first time since the start of the pandemic in the month of March.

Apr 22, 2022 / CFO / receipt, needs a key / Jeff Campbell, CFO | earnings call 2022-04-22 | transcript bb1402c8-3fab-4bbe-8261-9bb0ef1a5663 | chars 11705-11976 | segment 11

Also of note, global consumer T&E volumes overall were back above 2019 levels as of the first quarter, led by the growth in the U.S.

Apr 22, 2022 / CFO / receipt, needs a key / Jeff Campbell, CFO | earnings call 2022-04-22 | transcript bb1402c8-3fab-4bbe-8261-9bb0ef1a5663 | chars 12453-12585 | segment 12