“And I think with our Tock acquisition and so forth, I think we will continue to punch above our weight from a restaurant perspective.”

In context

“come a bigger part of your business and grow? Like should we expect acceleration in that spending from here? Thanks. Stephen Squeri: Yes. So let me talk about restaurant spending. So when you look at -- before we made our foray into sort of the restaurant reservation business here with Resy, restaurant spending was not our biggest T&E category. Our biggest T&E category and still our fastest-growing T&E category right now is restaurants. And our expectations are that we will continue to gain share in that restaurant space. If you look at it, we've -- just over the last five years, we've grown twice what the industry growth rate has been from a restaurant perspective. Yes, there was a little bit of a decel this quarter, but I guess 8% to 7%, but I'm not really all that concerned about that. And I think with our Tock acquisition and so forth, I think we will continue to punch above our weight from a restaurant perspective. I'll just give you a high level on airline. I don't think there's really a lot of change whether it's from a corporate perspective or a consumer perspective from airline, I mean, you went from 5% to 6%. I mean that's not in some cases, it can just be a little rounding up or a little rounding down quarter-to-quarter. But airline is still strong. And as we said, we saw international bookings -- I mean I didn't say this, but we saw international bookings in the third quarter from our travel business actually be at the highest levels since before the pandemic. So our Card Members are still looking to travel. They are looking at -- when you are traveling internationally, you tend to spend a little bit more than when you're traveling domestically. So I don't think there is much to read into the”