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ARC-accredited travel agency air ticket sales reached $6.8 billion in July 2022, a 69 percent increase from July 2021, according to Airline Reporting Corporation (ARC).
ARC data comes from more than 10,500 agencies in the United States. The average round-trip air ticket price for domestic travel was $555 in July, up 21 percent year-over-year, but down 8 percent from June 2022, indicating declining airfares.
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But even with lower prices, travelers tend to decrease as we begin to enter the “shoulder season,” which generally begins when kids start going back to school. From June to July, total sales were down 13 percent, passenger travel was down 8 percent, domestic travel was down 6 percent, and international travel was down 10 percent.
Now trending
International travel was up 50 percent in July from last year, with total passenger traffic at 19.9 million, an 18 percent increase. US domestic travel increased 6% from July 2021.
Steve Solomon, ARC’s chief commercial officer, said: “We are seeing monthly average ticket prices lower than usual for the year. “Looking forward to the rest of the year, we expect continued growth in business travel as the summer vacation season winds down.”
Compared to 2019, now considered a measure of pre-pandemic economic health, total sales in July 2022 are only $1.2 billion lower than in July. Ahead of the month, however, the sales total exceeded 2019’s level, on the contrary, it was seen at $7.9 billion. Sales of $7.8 billion as of June 2019.
While sales continue to close in on pre-pandemic levels, total passenger trips are still slightly behind, indicating that higher ticket prices are fueling the economic recovery, even if travelers aren’t traveling at the same rate as before the pandemic. Passenger trips totaled 19.9 million in July 2022. In the year In 2019, it reached a total of 25 million.
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