Amex GBT sanguine about China market prospects

American Express Global Business Travel, or Amex GBT, a software and services company for travel, expense, and meetings and events, is bullish about its prospects in China and will step up investments in the country, a senior executive said.

Tessa Mowat, vice-president and head of Global Travel Partner Network and Joint Ventures of Amex GBT, said China's high-level opening-up as well as its huge market potential make the country strategically important for multinational companies, which garner great business opportunities for the company.

"We're really excited to see that the renewed opening-up of China and business travel, particularly for multinational and global customers, certainly kicked off at the beginning of last year with acceleration into the second half of 2023," Mowat said.