Airline Ticket Sales Down, Transactions Up for US Travel Agencies
PHOTO: The Airline Reporting Corp. reveals the latest air ticket sales and transaction data from September 2016. (Photo courtesy of Thinkstock)
U.S.-based travel agencies' airline ticket sales dropped by nearly 3 percent last month and have fallen off by nearly 4 percent through the first nine months of this year, the Airlines Reporting Corporation (ARC) announced Wednesday.
Citing sales data from more than 12,500 U.S. retail and corporate travel agency locations, satellite ticket printing offices and online travel agencies, the ARC reported ticket sales for September 2016 declined 2.6 percent compared to the same month last year, falling to just under $7.1 billion.
What's more, the ARC reported the consolidated dollar value of tickets sold by U.S. travel agencies through the first three-quarters of the year is down nearly 4 percent, totaling $67 billion compared to $70 billion at this point in 2015.
Nonetheless, ticket transactions for September were up about 5 percent compared to last year at approximately 13.8 million.
Both domestic and international transactions were up from last year at 4.2 percent and 6.4 percent, respectively.
Wednesday's report reveals little change in the yearly dropoff in ticket sales. Last month, the ARC reported U.S. travel agency airline ticket sales through the first eight months of 2016 were down 4 percent compared to the same period of time last year.
However, ticket sales for August 2016 were up slightly, rising 1.8 percent to $7.1 billion compared to August 2015.
Click here for a complete statistical breakdown of last month's sales and transactions as well as where U.S. travel agencies stand through the first nine months of 2016.
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