U.S. Domestic Demand Powered Significant Year-Over-Year Growth
ARLINGTON, VA – Aug. 15, 2024 – 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.
Notes:
*Ticket Sales
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ARC accelerates the growth of global air travel by delivering forward-looking travel data, flexible distribution services and other innovative industry solutions. We are a leading travel intelligence company that possesses the world’s largest, most comprehensive global airline ticket dataset, including more than 15 billion passenger flights representing 490 airlines and 230 countries and territories. Our solutions and expertise strengthen economies and enrich lives by connecting stakeholders across the travel ecosystem. For more information, visit arccorp.com.
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