U.S. Domestic Demand Powered Significant
Year-Over-Year Growth
ARLINGTON, Va., Aug. 15,
2024 /PRNewswire/ -- Today, Airlines
Reporting Corp. (ARC) announced that July
2024 U.S. travel agency air ticket sales totaled
$7.9 billion. This was a 5% increase
both year over year and month over month. July's total passenger
trips rebounded from June's numbers. The 24.1 million passenger
trips were a 6% increase from June and a 10% increase from
July 2023.
Results for July 2024 showed:
ARC Ticketing
Metric
|
Total
|
Month-Over-Month
Variance
|
Year-Over-Year
Variance
|
Total
Sales
|
$7.9 billion
|
+5 %
|
+5 %
|
Total Passenger
Trips
|
24.1 million
|
+6 %
|
+10 %
|
U.S. Domestic
Trips
|
15.4 million
|
+9 %
|
+12 %
|
International
Trips
|
8.7 million
|
+2 %
|
+6 %
|
Average Ticket
Price
|
$523
|
-1 %
|
-1 %
|
"Projections of waning traveler demand are not reflected in U.S.
agency sales to start the second half of the year, which is
positive news for both travel agencies and airlines," said
Steve Solomon, chief commercial
officer at ARC. "As leisure travel slows with the end of summer,
airlines will look to corporate travel to continue the momentum in
passenger trip growth."
In July 2024, 19.7% of ARC's
monthly transaction volume came from New Distribution Capability
(NDC) transactions — a 55% increase year over year. More than 950
travel agencies reported NDC transactions throughout the month.
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 July 31, 2024, from 10,365 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)