Global Trends Point to Falling Ticket Prices and Increasing Capacity
ARLINGTON, Va. – Dec. 15, 2016 –Airlines Reporting Corporation (ARC) in partnership with Expedia, Inc. (NASDAQ: EXPE), today released a comprehensive study of worldwide air travel trends: New Heights for Air Travel: Understanding the Realities of Dropping Ticket Prices and Surging Capacity. Expedia and ARC together conducted an original analysis of hundreds of millions of airline tickets to spot trends that can be used to book air travel with intelligence in 2017.
ARC contributed detailed insight and ticket information to the study garnered from its data repository housing almost 12.5 billion passenger flights. Some of the revelations this fourth study from ARC and Expedia included:
The complete ARC-Expedia study is available free at http://bit.ly/2gJc1tP.
Chuck Thackston, ARC's managing director of enterprise information, commented: "Overall ticket prices continue their multi-year decline and we see nothing in the near-term data to suggest a change in this trend, especially with the increase in airline seat capacity. As a company that has visibility into what travelers are actually buying, and the ability to apply sophisticated algorithms to make that information valuable and useful, ARC is delighted once again to partner with Expedia for this study. And what all the data show is no matter how you look at it, it's a great time to fly."
"For today's traveler, this confluence of circumstances – more planes, lower prices, more destinations – is exceptional," said Greg Schulze, senior vice president, Expedia commercial strategy and services. "It means that the barriers to booking a dream trip are lowered. It also means that everyday travel – flights to see the family, work trips – are likely to be easier to book at a lower price. Expedia and ARC enjoy access to a wealth of data. Together, we are showing travelers that the travel possibilities for 2017 are almost limitless."
The Airlines Reporting Corporation (ARC) is the premier driver of air travel intelligence and commerce in the travel industry with leading business solutions, travel agency accreditation services, process and financial management tools and high-quality data. In 2015, ARC settled $88.3 billion worth of carrier ticket transactions for more than 9,400 travel agencies with 13,000 points of sale. Established in 1984, ARC is headquartered in Arlington, Virginia, with offices in Louisville, Kentucky, Tampa, Florida and San Juan, Puerto Rico. For more information, please visit www.arccorp.com and www.twitter.com/ARCtalk.
About Expedia, Inc.
Expedia, Inc. is the world's largest online travel company, with an extensive brand portfolio that includes leading online travel brands, such as:
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|Airlines Reporting Corporation||Expedia, Inc.||HL Group|