U.S. Travel Agencies' Air Ticket Sales Continue Ahead of 2013 by 4.73 Percent - WICU12 HD WSEE Erie, PA News, Sports, Weather, Events

U.S. Travel Agencies' Air Ticket Sales Continue Ahead of 2013 by 4.73 Percent

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SOURCE ARC

Ticket Transactions Rise 1.89 Percent in First Five Months of 2014

ARLINGTON, Va., June 17, 2014 /PRNewswire/ -- ARC, the financial settlement link between airlines and travel sellers, reported today that the consolidated dollar value of airline tickets sold by U.S.-based travel agencies rose 4.73 percent* year-over-year in the first five months of 2014 compared to the same period last year, totalling $40.8 billion versus $39 billion in 2013.

As the financial backbone of the U.S. travel industry, ARC enables commerce among travel agencies, airlines, and travel suppliers, and offers them secure and accurate financial settlement services. About 16,000 travel agencies and 190 airlines make up the ARC network. In 2011, ARC settled more than $82 billion worth of transactions between travel sellers and airlines. ARC also supplies transactional data to organizations, facilitating better business decisions through fact-based market analyses.

Ticket transactions through May 2014 increased 1.89 percent over the same period in 2013 to 65.4 million. Year-to-date passenger segments increased 2.6 percent to 151 million compared to 147.2 million in 2013.

More detailed information is available at https://www.arccorp.com/news/stat/2014-05.jsp.

About ARC:
ARC powers the U.S.-based travel industry with premier business solutions, travel agency accreditation services, process and financial management tools, and powerful data analytics. In 2013, ARC settled $86 billion worth of carrier ticket transactions for more than 9,400 travel agencies with 15,000 points of sale. By providing world-class business services and products, ARC enables participating agencies and 191 carriers to focus on what's important-increasing their revenue. Established in 1984, ARC is headquartered in Arlington, Virginia. For more information, please visit www.arccorp.com.

Notes for Editors:

*Ticket Sales

  • Results based on monthly sales data ending May 31, 2014 from 13,405 U.S. retail and corporate travel agent 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.

©2014 Airlines Reporting Corporation (ARC). All rights reserved.

Logo - http://photos.prnewswire.com/prnh/20110310/MM63033LOGO

©2012 PR Newswire. All Rights Reserved.

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