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Final yr was the very best yr for journey company ticket gross sales since 2019. That is based on year-end knowledge launched this week by Airways Reporting Company (ARC).
The most recent knowledge from ARC reveals that December ended with $5.7 billion in US journey company gross sales, up 5% from the identical month in 2022. That month, mixed with the earlier 11-month whole in 2023, gave companies a complete of $95.three billion in airline tickets bought in 2023.
It was the very best determine since 2019, which is the very best stage for the trade with $97.four in tickets bought. It was additionally a 16% enhance from 2022.
“2023 was a pivotal yr for air journey as U.S. journey companies and their companions responded to rising traveler demand and vital adjustments to airline distribution methods,” stated Steve Solomon, chief business officer at ARC. .
That post-pandemic setting contains a rise in ticket gross sales throughout the board: Complete passenger journey each home and worldwide will enhance in 2023, with an enormous worldwide enhance of 15%. It additionally included a big enhance in ancillary ticket gross sales, which totaled $280 million in 2023, up 71% from 2022.
Maybe most constructive for the trade, December’s $5.7 billion in whole gross sales and 2023’s $95.three billion whole for the yr include a comparatively small enhance in whole ticket costs; In response to ARC, the typical ticket worth in December 2023 was $542, about 2% larger than in 2022 ($531). The common ticket worth has elevated 13% over 2019 figures ($479), based on ARC.