ARC: Sales for May Set New Records

ARC's summary of May reporting and settlement results were released Thursday. Among the highlights was the news that total sales of $7.1 billion in May 2006 were 15 percent over the same month in 2005 and established a new record high for a four-week processing month. In addition, international fares set a new record for dollar volume in a four-week processing month at $2.8 billion, and credit card billings reached a record high with just under $6 billion for a four-week processing month. Travel agents and CTDs continued to grow their ARC reported average weekly sales per location, topping the previous record by more than $4,000 and reaching a weekly average of $82,342, which is 21 percent higher than just a year ago.

Suggested Articles

This week in the travel industry saw a number of new hotel leadership appointments, plus big ship updates from Carnival and Virgin. Here's what you need…

Business travel could be good for creativity and productivity, according to new research by CWT. Here's a look at the latest trends.

CCRA Travel Commerce Network has launched commissionable and private airfares on its TripSet.com booking engine. Get the details here.