U.S. travel agency air ticket sales total $7.9 billion in July 2024
ARLINGTON, VΑ. – 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 U.S. travel agency air ticket sales 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.
ARC’s data platform is the intelligence behind air travel, connecting the industry ecosystem and powering commercial decisions for airlines and its partners. ARC 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.
The article U.S. travel agency air ticket sales total $7.9 billion in July 2024 first appeared in TravelDailyNews International.