Airlines Reporting Corp. (ARC) has reported that the consolidated dollar value of airline tickets sold by US-based travel agencies decreased 3% in 2016 compared to 2015, totaling USD 86 billion versus USD 88 billion, the company said..
Results are based on monthly sales data ending December 31, 2016, from 12,632 US 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.
Total sales are equal to the total amount paid for a ticket, which includes taxes and fees.
This decrease can be partly attributed to airfare decreases throughout 2016. December 2016 ticket sales were up 1% at USD 5.3 billion against the same month last year.
Total transactions increased 5.8% in 2016 with a strong increase in cash transactions (13.6%). Cash sales also increased 6.5% with travelers paying a total of USD 9.4 billion in cash.
Electronic miscellaneous document (EMD) sales and transactions, which include fees for products and services such as upgraded seats, checked luggage, an unaccompanied minor, pet-in-cabin, also continue to increase over time. EMD sales comprised nearly USD 50 million of the year-to-date sales versus USD 19.5 million in 2015. EMD transactions increased 250% to 825,250 in 2016 versus about 236,000 in 2015.
The Airlines Reporting Corporation, in air travel intelligence and commerce, provides business solutions, travel agency accreditation services, process and financial management tools, and high-quality data. In 2016, ARC settled USD 86 billion worth of carrier ticket transactions for more than 9,400 travel agencies with 12,000 points of sale. The company is headquartered in Arlington, Virginia, with offices in Louisville, Kentucky, Tampa, Florida and San Juan, Puerto Rico.