We have talked about focusing on priority cities. We focused on all the categories, e-commerce, restaurants and lodging and tourist attractions, airlines, hotel and so forth to get those up. But again, with that we are getting 23% and 32% billings growth and our coverage is not where we want it to be yet, and we will continue to invest in that coverage. Look, as far as B2B goes, B2B continues to be a good story for us, but it’s just a small part €“ it’s a smaller part of the business. And we continue to invest in capabilities and we will continue to focus on B2B, but that will add not only to commercial spending, but that will also add to small business spending as well. And remember, 80% of the small business spending that we have is in the category of B2B spending.
And so we will continue to hunt for that and try and automate more and more of those billings, and it makes it easy to get on the card.
Operator: Thank you. The next question will be coming from Don Fandetti of Wells Fargo. Please go ahead.
Don Fandetti: Hi Steve. Just curious if you have seen anything that sort of raised your concern level around competition in U.S. consumer or small business. I mean it seems to us like you might be pulling away a little bit from competitors. I am not sure if your metrics suggest that or not?
Steve Squeri: Well, I mean I don’t €“ we continually look to raise the bar. And I think that there is a lot of great competitors out there. We have got JPMorgan and Bank of America and Wells Fargo and U.S. Bank and Capital One. And everybody is €“ they are all strong. And they €“ I mean they all had pretty strong results from a growth perspective. But as I said in my remarks, the more value we continue to add, the more we get our flywheel working, the harder it is to catch up. And we are not resting on our laurels. And that’s why we continue to invest. We continue to invest in value propositions. We continue to invest in capabilities. We continue to invest in service. And so are we increasing the distance between us and our competitors, I don’t know how you measure that, but I think we €“ our goal is to constantly make it hard for them to catch up.
And our goal is to make sure that we are trying to be one step, two steps or three steps ahead of them. And it’s flattering, actually that they are coming after the segments that we are in. And €“ but competition is there, and it is fierce. And for us, competition is just not U.S. consumer. It’s a small business. It’s corporate. It’s in international. And so we are fighting a lot of battles here in terms of defending our territory, but I think the team is doing a really, really good job. But we are never going to rest. And if in fact they stopped, we still keep going. So, it is really important. I think it’s one of the things that we decided a number of years ago that we would constantly refresh our products on a very regular basis and add value on an interim basis, which you have seen with our Platinum Card and our other products.
And I think that’s really helped us out quite a bit.
Operator: Thank you. Our final question will come from Lisa Ellis of MoffettNathanson. Please go ahead.
