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News Roundup
This is a roundup of news and other interesting pieces that I’ve come across over the last few days. I thought they are worth sharing so I hope you enjoy reading them.
Amex Sees Growth in Spending by Business Customers Slowing Down
American Express saw volumes on its cards slow faster than expected in the third quarter as small business and corporations alike pulled back on their spending on the firm’s cards. Total network volume jumped 7% to $420.2 billion, the lowest level of growth in ten quarters, according to data compiled by Bloomberg. That missed estimates as spending by commercial services customers climbed just 1% in the period.
Amex reported $15.4 billion in revenue, topping analyst estimates and surpassing the $13.6 billion it generated in the same period a year prior. That was aided by a 20% increase in net card fees, with Amex saying fee-based cards accounted for more than 70% of all new accounts it added in the quarter. Read more
120-year-old subway station is NYC’s hottest ticket
New Yorkers are clamoring to get a peak at the splendid Old City Hall subway station that served the city from 1904 to 1945. But, the only way to get a good look is via tours offered solely to members of the New York Transit Museum. They go on sale three times a year and sell out in minutes. Read more
Miami Art Week Night Party and Musical Performances
Chase Sapphire Reserve cardmembers can purchase one ticket to a show-stopping A-List musical performances for Friday, Dec. 8 and/or Saturday, Dec. 9. Premium signature cocktails and food curated by Krüs Kitchen and Los Felix in partnership with restaurant discovery platform, The Infatuation. Read more
Hilton launches its LXR luxury brand in Italy
Guests at Grand Hotel Gardone Lake Garda, LXR Hotels & Resorts, will enjoy a glamorous Italian lakefront experience, marked by bespoke, personalized service and authentic culinary and wellness offerings. The property will be located on the banks of Northern Italy’s Lake Garda, famed for its crystal-clear waters, and will offer guests panoramic views of the picturesque lake and surrounding mountains. Read more
Two Iconic Las Vegas Properties Are Undergoing a ‘Resort Refresh’
With so many visitors checking in and out of the city’s world-renowned resorts on a daily basis, there’s almost always a property undergoing some type of refresh to keep guests comfortable. One of the Strip’s most luxurious resorts, Bellagio, is completing a $110-million transformation of all 819 guest rooms and 104 suites within its Spa Tower in October. Inspired by the beauty and tranquility of Italy’s Lake Como, the remodeled rooms showcase why the AAA Five Diamond property is considered one of Las Vegas’ premier destinations. Read more
Google Wallet catches up to Apple Wallet for digital IDs
Android-owning U.S. residents living in Arizona, Colorado, and Georgia who want an official digital copy of their license are in luck: Google Wallet now allows them to add their digital IDs, and you can do so right now. Google first announced Google Wallet in May 2022, promising during its I/O keynote that it would soon enable digital IDs to substitute for a driver’s license. Since then, only one state — Maryland — has supported the feature, and we began to wonder if the feature would ever expand. Read more
Guru’s Wrap-up
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