ARC: travel agency air ticket sales down 10 percent
Tuesday, 19 Aug, 2016
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Airlines Reporting Corp recorded a drop of more than 10% in the value of air tickets sold by US-based travel agencies in July.
Ticket sales dropped to $6.6 billion, down 10.2% compared to last year.
So far, the consolidated dollar value of airline tickets sold during the first seven months of 2016 is down 4.8% at $52.7 billion, compared to $55.4 billion for the same period in 2015.
Total ticket transactions are on a par with last year at just over 13 million.
Trade group Airlines for America recently said average domestic air fares are down by about 6% so far this year.
Electronic Miscellaneous Document sales for the month reached $2.9 million in July 2016, representing an 89% jump on the corresponding month last year.
EMD transaction volume is up 290% so far this year, ARC said.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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