Corporate Air Ticket Sales in November Stable Against Previous Two Months, Says ARC
Company expresses hope for improvement with widely administered vaccines >>
by: Harvey Chipkin
Corporate travel agencies (those whose main business model is corporate or government travel) in the US sold 86.2% fewer air tickets in November than in the same month of 2019, according to the latest report from the Airlines Reporting Corp. (ARC) That figure was similar to the declines of 86.5% in October and 87.3% in September. Overall, air ticket sales through ARC-accredited agencies in November were down from the previous month. The report showed net sales totaling nearly $1.2 billion in November, down from $1.4 billion in October. Year-over-year, November sales were down 83% compared with November 2019, when sales totaled $6.9 billion. Chuck Thackston, managing director of data science and research, said passenger trips and overall bookings tend to slow toward the end of the year as holiday plans are complete and business travel winds down, “so this dip isn’t surprising.” He said that as coronavirus vaccines become more widely distributed in the coming months, “we’re hopeful to see sales and bookings rise.” Total passenger trips settled by ARC in November were down 67% year-over-year, from 21,389,364 to 6,952,741. US domestic trips were down 66% to 4.7 million, while international trips totaled 2.3 million, a 71% decrease year-over-year. The average US round-trip ticket price decreased from $496 in November 2019 to $368 in November 2020.
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