US travel agencies set air ticket sales record


The most important journey market on this planet is transferring much more than standard in 2024, with journey companies within the US reporting file air ticket gross sales to begin the yr.

In accordance with Airways Reporting Corp (ARC), American journey company air ticket gross sales hit an all-time excessive in January, reaching a whopping US$8.9 billion (round AU$13.6 billion) – the equal of practically US$300 million (AU$450 million) on daily basis, together with taxes and charges. 

This was a seven per cent enhance on January 2023 and the very best January complete ever recorded.

The ARC knowledge reveals there have been 25.6 million passenger journeys all through the month, with a mean fare of US$546 (AU$837) – for round-trip home flights solely.

Ancillary gross sales for the month grew an enormous 37 per cent yr over yr to US$27.9 million (by means of a 39 per cent enhance within the variety of transactions).

IATA plane
travel agencies
Journey companies are experiencing file air demand

“January’s outcomes signify a promising begin to air journey in 2024 as we method the primary busy journey interval,” ARC chief business officer Steve Solomon stated. 

“We’re already seeing a spike in ticket transactions to in style spring break locations like Cancun, Miami and Fort Lauderdale. 

“Enterprise journey additionally had a stable month with company journey company settled journeys growing seven per cent yr over yr.”

The file spend on air journey continued into February, with ARC reporting one other US$8.9 billion spent on fares (up six per cent). 

ARC knowledge reveals there have been 25.6 million passenger journeys all through the month, with a mean fare of US$573 (AU$878).

Like in January, ancillary gross sales surged, this time by 34 per cent y-o-y to US$29 million (by means of an enormous 47 per cent rise in transactions). 

Onboard plane
Journey companies are serving to fill planes within the US

ARC knowledge reveals the large spike in air journey was pushed by robust home journey demand.

“Individuals proceed to prioritise home journey within the early a part of the yr, with year-over-year journeys to US locations outpacing these of worldwide journeys,” Solomon stated. 

“Airways are seeing strong demand from each company and leisure travellers, signalling the continued well being and anticipated development in air journey for 2024.”

Information is predicated on month-to-month gross sales studies from round 10,370 US retail and company journey company areas, ticket printing workplaces and on-line journey companies. Outcomes don’t embody gross sales of tickets bought instantly from airways.

In Australia, airfares (home) fell in 2023 after reaching file highs in late 2022, with prices across all fare types dropping by a mean 13.4 per cent in December 2023 (in comparison with December 2022), in line with knowledge from the Australian Competitors and Client Fee (ACCC).

January gross sales

ARCJAN

February gross sales

ARC





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