Airlines Reporting Corp. (ARC) has reported that the consolidated dollar value of airline tickets sold by US-based travel agencies increased 3.4 percent in 2017 compared to 2016, totaling USD 88.5 billion vs. USD 85.6 billion, the company said.
December 2017 ticket sales were up nearly one percent at USD 5.4 billion compared to USD 5.3 billion in December 2016.
The sales increase can be partly attributed to the decrease in the average ticket price, increase in passenger trips and strong economic conditions throughout 2017. Overall, in 2017 the average price to fly a domestic roundtrip itinerary dropped about one percent to USD 483 compared to 2016, continuing the trend of decreasing average ticket prices since 2015. The number of passenger trips settled by ARC for US travel agencies also increased 3.5 percent to 268,906,109, up from 259,717,133 in 2016.
The Airlines Reporting Corporation (ARC) is the premier driver of air travel intelligence and commerce in the travel industry with business solutions, travel agency accreditation services, process and financial management tools and high-quality data. In 2017, ARC settled USD 88.5 billion worth of airline ticket transactions for more than 7,000 travel agencies with 12,000 points of sale. Established in 1984, ARC is an ISO 27001 certified company headquartered in Arlington, Virginia, with offices in Louisville, Kentucky, Tampa, Florida and San Juan, Puerto Rico. For more information, visit www.arccorp.com and www.twitter.com/arctalk.