$53 Billion Six-Month Total Exceeds 2023 and 2019 Levels
ARLINGTON, VA (PRNewswire) - Today, Airlines Reporting Corp. (ARC) announced that U.S.-based travel agency air ticket sales totaled $53 billion from January to June 2024 — the highest total recorded by ARC for a consecutive six-month period.
Through the first half of the year, total results showed:
ARC Ticketing Metric | Total | Year-Over-Year Variance |
Total Sales | $53 billion | +1 % |
Total Passenger Trips | 149 million | +5 % |
U.S. Domestic Trips | 86.8 million | +8 % |
International Trips | 56.2 million | +2 % |
Average Ticket Price | $552 | -1 % |
"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 6% decrease year over year. June showed healthy increases in both domestic and international trip counts, with a 5% decrease in average ticket price explaining the year-over-year drop in total dollar sales.
Results for June 2024 showed:
ARC Ticketing Metric | Total | Month-Over-Month Variance | Year-Over-Year Variance |
Total Sales | $7.6 billion | -16 % | -6 % |
Total Passenger Trips | 22.7 million | -12 % | +2 % |
U.S. Domestic Trips | 14.2 million | -12 % | +4 % |
International Trips | 8.5 million | -11 % | -2 % |
Average Ticket Price | $526 | -3 % | -5 % |
New Distribution Capability (NDC) transactions continue to comprise a growing percentage or ARC's monthly transaction volume. In June 2024, 21.5% of ARC's monthly transaction volume came from NDC — a 14.4% increase year over year. More than 1,000 travel agencies processed NDC transactions in June 2024.
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