$53 Billion
Six-Month Total Exceeds 2023 and 2019 Levels
ARLINGTON, Va., July 18,
2024 /PRNewswire/ -- Today, Airlines Reporting
Corp. (ARC) announced that U.S.-based travel agency air ticket
sales totaled $53 billion from
January to June 2024 — the highest
total recorded by ARC for a consecutive six-month period.
Through the first half of the year, total results showed:
ARC Ticketing
Metric
|
Total
|
Year-Over-Year
Variance
|
Total
Sales
|
$53 billion
|
+1 %
|
Total Passenger
Trips
|
149 million
|
+5 %
|
U.S. Domestic
Trips
|
86.8 million
|
+8 %
|
International
Trips
|
56.2 million
|
+2 %
|
Average Ticket
Price
|
$552
|
-1 %
|
"Travel demand remains strong for both domestic and
international trips, with average ticket prices down year over year
for the first six months," said Steve
Solomon, chief commercial officer at ARC. "Both corporate
and leisure travel spending are experiencing similar growth rates
and airlines look to continue this momentum through the end of
summer and into the fall."
June 2024 travel agency air ticket
sales totaled $7.6 billion — a 6%
decrease year over year. June showed healthy increases in both
domestic and international trip counts, with a 5% decrease in
average ticket price explaining the year-over-year drop in total
dollar sales.
Results for June 2024 showed:
ARC Ticketing
Metric
|
Total
|
Month-Over-Month
Variance
|
Year-Over-Year
Variance
|
Total
Sales
|
$7.6 billion
|
-16 %
|
-6 %
|
Total Passenger
Trips
|
22.7 million
|
-12 %
|
+2 %
|
U.S. Domestic
Trips
|
14.2 million
|
-12 %
|
+4 %
|
International
Trips
|
8.5 million
|
-11 %
|
-2 %
|
Average Ticket
Price
|
$526
|
-3 %
|
-5 %
|
New Distribution Capability (NDC) transactions continue to
comprise a growing percentage or ARC's monthly transaction volume.
In June 2024, 21.5% of ARC's monthly
transaction volume came from NDC — a 14.4% increase year over year.
More than 1,000 travel agencies processed NDC transactions in
June 2024.
More detailed information is available on ARC's sales statistics
page.
About ARC
ARC's data platform is the
intelligence behind air travel, connecting the industry ecosystem
and powering commercial decisions for airlines and our partners. We
manage the world's most comprehensive airline ticketing dataset,
comprised of over 12 billion annual passenger flights operated by
more than 480 airlines in over 235 countries. ARC's trusted
reporting and settlement services process more than $95 billion in U.S.-based agency air sales
annually. ARC leads industry collaboration between airlines,
agencies, corporate buyers and other partners to enable a thriving
air travel retailing ecosystem. For more information,
visit arccorp.com.
Contact:
Randy
Spoon
rspoon@arccorp.com
Notes:
*Ticket Sales
- Results are based on monthly sales data ending June 30, 2024, from 10,353 U.S. retail and
corporate travel agency locations, satellite ticket printing
offices and online travel agencies. Results do not include sales of
tickets purchased directly from airlines.
- The average ticket price (USD) is for a round-trip ticket
settled through ARC for an itinerary that included only U.S.
domestic travel.
- Passenger trips include the total number of passengers taking a
trip from one airport to another using direct or connecting
flights. Newly issued trips are added, and refunded trips are
deducted to provide a net view of traveling passengers.
- U.S. domestic passenger trips include the total number settled
through ARC where the itinerary is wholly within the U.S.
International passenger trips include the total number settled
through ARC where some or all the travel occurs to airports outside
the U.S. or originates outside the U.S.
- Total sales are equal to the total amount paid for a ticket,
which includes taxes and fees.
© Airlines Reporting Corporation (ARC). All rights reserved.
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SOURCE Airlines Reporting Corporation (ARC)