ARLINGTON, Va.--(BUSINESS WIRE)--Airlines Reporting Corp. (ARC) announced today that after researching more than four million airline tickets purchased for travel between the upcoming Memorial and Labor Day holidays, average ticket prices paid, compared to 2014, ranged from flat for flights to U.S. domestic destinations to a reduction in ticket prices for flights to Europe from the U.S.
At the end of last month, domestic fares averaged $453.87, a drop of 0.4 percent compared to $455.88 during the same period in 2014. Fares to European destinations fell 3 percent, averaging $1,618.64 this year vs. $1,669.36 in 2014.
After analyzing the 30 top domestic and European destinations by ticket volume, ARC found the greatest fare drops from 2014 in each category were Kona, Hawaii (-12.7 percent) and Belgrade (-24.3 percent). The highest fare increases in the domestic and European categories were New York City-JFK (+9.3 percent) and Berlin-Tegel (+10.2 percent).
"We’re seeing fares fall to Europe from the U.S. this summer chiefly because there’s been a 6 percent rise in available seats, and airlines are competing to fill those additional seats,” said Chuck Thackston, managing director of enterprise information management at ARC. “When you add the dollar’s strength versus the Euro, airlines want to capture this additional demand with lower overall fares.”
The complete results from ARC’s research are available at http://bit.ly/1Ie5fAG.
ARC powers the U.S.-based travel industry with premier business solutions, travel agency accreditation services, process and financial management tools, and powerful data analytics. In 2014, ARC settled $89.6 billion worth of carrier ticket transactions for more than 9,400 travel agencies with 13,000 points of sale. By providing world-class business services and products, ARC enables participating agencies and 200 carriers to focus on what's important—increasing their revenue. Established in 1984, ARC is headquartered in Arlington, Virginia. For more information, please visit www.arccorp.com.
©2015 Airlines Reporting Corporation (ARC). All rights reserved.