Last month, the Airlines Reporting Corp (ARC) reported that its certified travel agency plane ticket sales totaled $5.4 billion. From February 2021 to February 2022, this figure has increased by an astounding 253%. It's also a 48% increase month over month.
ARC is a global leader in air travel intelligence and distribution, delivering channel-agonistic technologies and insights to assist the global travel network connect and flourish. It's a reputable airline settlement solutions provider, having processed more than $97 billion in airline and agency transactions in 2019. It just published some market findings from the United States.
Due to the ever-changing circumstances of the worldwide health crisis, ticket costs have fluctuated throughout the last year, according to the business. Last summer, it noted a substantial reduction in domestic US economy fares, which fell nearly 30% between July and September, although there was some equilibrium coming into 2022.
In November 2021, pandemic sales reached a high of $4.4 billion. The omicron variety, in particular, quickly took its toll on the industry, delaying recovery. Despite this, when looking at ARC's report, the market appears to be back on track. Total passenger travels increased by 21% between January and February 2022, according to the data. When broken down further, domestic trips in the United States climbed by 17%, while international trips increased by 28%.
Average daily revenue totalled $14,277, according to data from 234 airlines and 10,728 retail agency sites. Furthermore, the average round trip ticket cost $464, up 34% from the previous year.