Airlines
Reporting Corporation (ARC), the data platform intelligence behind air
travel announced that U.S.-based travel agency air ticket sales totaled $53
billion from January to June 2024, the highest recorded by ARC for a
consecutive six-month period.
In the first half of 2024, passenger trips increased by five percent,
U.S. domestic trips showed an eight percent increase, international trips a two
percent increase, and average ticket prices revealed a one percent decrease.
“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 six percent decrease year
over year. June showed healthy increases in both domestic and international
trip counts, with a five percent decrease in average ticket price explaining the
year-over-year drop in total dollar sales.
New Distribution Capability (NDC) transactions continue to
comprise a growing percentage of ARC’s monthly transaction volume. In June
2024, 21.5 percent of ARC’s monthly transaction volume came from NDC — a 14.4
percent increase year over year. More than 1,000 travel agencies processed NDC
transactions in June 2024.
For the latest travel news, updates and deals, subscribe to the daily TravelPulse newsletter.
Topics From This Article to Explore
Read More
