American Express, InterContinental Hotels Partner on Folio Data

At a time when travel costs are rising and corporate budgets are under scrutiny, this new agreement will give American Express corporate clients new power to save by better managing business travel and entertainment (T&E) costs.

“We’re aggressively building our capability to offer our corporate card clients the folio detail they need on lodging expenses to give them extra power to analyze costs and identify new ways to save,” said Jay Cary, vice president, Interactive Product Management, Global Commercial Card at American Express. “We’re very pleased to offer clients breakdown of lodging spend from IHG.”

American Express corporate card customers can get expenditure reports by staying at IHG hotels including InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites® and Hotel Indigo®.

"We're excited to offer this folio agreement to our corporate travel customers staying at our hotels in order to help them better manage their travel expenses," said Jill Cady, vice president, Worldwide Sales Strategy, IHG. "With such a wide distribution at nearly 2,800 properties in the U.S., many of our corporate customers will benefit from this solution."

The arrangement with IHG adds to the folio agreements that American Express has in place with other top industry hotel chains. American Express’ folio agreements now cover about 71 percent of its clients’ global commercial card spend in the U.S. American Express collects folio data from nearly 12,000 hotel properties in North America and around the world.

Breakdowns of lodging expenditures can help companies evaluate ancillary spending and investigate opportunities to further manage their travel and entertainment costs. Folio data also enables companies to track the use of negotiated room rates as well as improve expense report processing.