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:
| 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
[email protected]
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.
SOURCE Airlines Reporting Corporation (ARC)
