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ARC Corporate Communications
4100 N. Fairfax Drive, Suite 600
Arlington, VA 22203-1629
703 816-8525
Fax: 703 816-8168
corpcom@arccorp.com
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About ARC
ARC is the premier financial transaction processing and settlement corporation that facilitates the distribution of travel products and related information in the United States, Puerto Rico, and the U.S. Virgin Islands. There are nearly 30,000 ARC accredited travel agency locations and approximately 130 participating airlines and railroads in ARC's settlement system. Using increasingly sophisticated electronic means for ticket distribution, reporting, and remittance, these points of sale are responsible for air and rail sales of nearly $65 billion a year. For more information about ARC, please visit www.arccorp.com.
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ARC SETTLES ONE PERCENT MORE SALES AND TRANSACTIONS
E-TICKETING REACHES RECORD LEVEL
Arlington, VA, February 12, 2004
- The number of ARC-settled transactions grew by one percent in
January 2004 as compared to the same month the previous year, as did the dollar volume of sales
settled by ARC. The average sales volume reported per ARC-settled location was 14
percent higher in January 2004 than January 2003.
"We continue to see a trend of stabilization and slight growth in travel agent sales," said David R. B. Collins, CTC,
ARC president and CEO. "ARC is pleased to empower that trend with its world-class settlement system for travel transactions."
In January, the percentage of ARC-ticketed transactions issued as e-tickets leaped to a new record high of 86.34 percent. The
previous high was set in November 2003 at 84.16 percent.
ARC's current and archived monthly statistics are available at http://www.arccorp.com/news/news_sales_doc_stats.html.
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