Quick News Bit

ARC: May Air Ticket Sales Top $8B, First Since January 2020 | Business Travel News


Airlines Reporting Corp.-accredited travel agency air ticket sales for May 2022 totaled $8.4 billion, an 8.2 percent month-over-month increase, ARC reported Thursday. That total represents the first time monthly sales have topped $8 billion since January 2020.

Leisure agencies currently are leading sales into the summer months, but international sales also showed strength in May, even prior to the U.S. eliminating the need for Covid-19 testing prior to arrival. Month-over-month May results showed international trips increased 6 percent, total passenger trips decreased 1 percent, and U.S. domestic trips decreased 1 percent.

“Demand remains strong for air travel heading into the summer travel season,” ARC VP of global customers and data products Steve Solomon said in a statement. “Now that the U.S. inbound international testing requirement has been dropped, we anticipate international passenger trips to continue their upward trajectory.”

International trips settled by ARC in May increased 82 percent year over year to 8.4 million, while U.S. domestic trips increased 28 percent to 14.3 million. Total passenger trips settled in May increased 43 percent year over year to 22.8 million.

U.S. round-trip air ticket costs continued to increase in May and averaged $628, up from $585 in April, which had been the highest average ticket price recorded in the past seven years, according to ARC. Electronic miscellaneous document sales, which include fees for such ancillary products as upgraded seats and checked bags, increased 145 percent year over year in May to $17.1 million. The number of EMD transactions increased 64 percent to just over 244,700 over the same period.

RELATED: ARC: April Average U.S. Airfare Highest in Seven Years

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment