The cardholder may use the card to purchase travel-related services (e.g., airline tickets, hotel expenses, etc.) for other authorized travelers.
Profits from travel-related services grew by only 8 percent and the unit's revenues were flat.
The listings include restaurants, hotels, airlines, car rental companies, cruise lines and other travel-related services.
The demand for hotel rooms, travel agents and dozens of other travel-related services also shrank considerably overnight.
Most of its industries will be related to transport: logistics, aircraft maintenance, aviation education and technology, travel-related services, hospitality, and tourism.
About 65.5 percent of American Express's 1989 profits came from travel-related services, largely the charge-card business.
According to a Forrester survey last year of people who have used the Web to search for travel-related services, 25 percent take vacations with their children.
Hundreds of other travel-related services are being developed along the so-called information superhighway.
The division made up about 8 percent of the earnings of the travel-related services in 1988.
By the early 1990's, he had also won oversight of most of the company's travel-related services.