ARLINGTON, USA, 16 January 2015: ARC, the financial settlement link between airlines and travel sellers, reported Wednesday that the consolidated dollar value of airline tickets sold by US-based travel agencies increased 4.02% year-over-year in 2014 compared to 2013.
Results were based on monthly sales data ending December 31, 2014, from 12,862 US retail and corporate travel agent locations, satellite ticket printing offices and online travel agencies.
Figures confirm that travel agencies, despite the dominance of direct online bookings between airlines and consumers, still represents a substantial USD89.6 million business.
Ticket sale revenue rose to USD89.6 billion from USD86.2 billion the year before.
Ticket transactions increased 2.39% in 2014 reaching 146 million. Passenger segments also increased in 2014 by 2.68% to 377.7 million, compared to 363.9 million in 2013.
ARC powers the U.S.-based travel industry with business solutions, travel agency accreditation services, process and financial management tools, and powerful data analytics.
In 2014, ARC settled USD89.6 billion worth of carrier ticket transactions for more than 9,400 travel agencies with 13,000 points of sale.
SOURCE Airline Reporting Corporation.