Sachin Walls
ARC, or Airlines Reporting Corporation, is a financial backbone of travel distribution in the USA, providing services and benefits to airlines similar to those that IATA provides worldwide. It is a pioneer in e-ticket processing and settlement, serving the travel industry with financial services, data products, and ticket distribution. More than 200 airlines and railroads worldwide distribute and settle their products through ARC's system, with over $86 billion processed annually.
ARC Meaning in Airport
| Characteristics | Values |
|---|---|
| Full Form | Airline Reporting Corporation |
| Function | Provides transaction settlement between travel suppliers and resellers |
| Services | Financial services, data products and services, ticket distribution, original travel solutions, and settlement |
| Annual Transaction Volume | More than $86 billion |
| Area of Operation | USA, Puerto Rico, the US Virgin Islands, and American Samoa |
| Number of Airlines Using ARC | More than 200 |
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What You'll Learn
ARC is an acronym for Airlines Reporting Corporation
More than 200 airlines and railroads worldwide currently distribute and settle their products through ARC's system. With over $86 billion processed annually through the settlement system, ARC is the financial backbone of travel distribution in the USA.
ARC's primary function is to support the travel industry by providing transaction settlement between travel suppliers and resellers. The corporation also accredits travel agencies in the United States to sell airline tickets, and provides data information services and analysis based on archived aggregated data.
ARC accreditation gives travel agencies the ability to issue airline tickets. It also provides industry recognition and access to travel data, tech solutions, and events. ARC's system of reporting and settlement is fully electronic, accommodating everything from the largest online distribution systems to the traditional retail model agency with nearly 20,000 accredited points of sale.
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ARC provides transaction settlement between travel suppliers and resellers
ARC, or the Airlines Reporting Corporation, is a company that provides ticket transaction settlement services between airlines and travel agencies, including both traditional and online agencies, as well as travel management companies that sell their products in the United States. ARC is owned by nine major airlines and offers transactional data within various industries. In 2023, ARC processed an impressive \$95.3 billion worth of transactions for its customers.
ARC's role as a transaction settlement provider is crucial in the travel industry. It acts as an intermediary, facilitating secure and cost-effective settlement of funds between travel suppliers and resellers. This means that when a traveller books a flight through a travel agency, ARC ensures that the payment made by the traveller is securely transferred to the respective airline. This system simplifies the financial relationships between airlines and travel agents, eliminating the need for individual connections between each travel agent and airline.
The process works as follows: when a traveller purchases a ticket from a travel agent, the agent receives the payment and deposits it into their merchant account. The travel agent then uses a BSP or ARC clearing bank to transfer the funds to the respective airline. This is where ARC comes in, providing a platform for the secure and efficient settlement of these transactions.
By using ARC's settlement platform, airlines and travel agencies can create customised and effectively managed partnerships. ARC's platform is flexible and cost-effective, accommodating different distribution models, from large online distribution systems to traditional retail agency models. This flexibility allows travel agencies to issue airline tickets, access travel data and tech solutions, and build industry recognition.
In summary, ARC plays a vital role in the travel industry by providing a secure and efficient transaction settlement system between travel suppliers and resellers, streamlining the financial relationships between them. ARC's services ultimately benefit travellers by ensuring a smooth and reliable payment process when booking their trips.
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It accredits travel agencies in the US to sell airline tickets
ARC, or Airlines Reporting Corporation, is a company that provides ticket transaction settlement services between airlines and travel agencies in the United States. It is the successor to the Air Traffic Conference of America, an operating division of Airlines for America (formerly known as the Air Transport Association of America, Inc. or ATA). ARC's primary function is to support the travel industry by providing transaction settlement between travel suppliers and resellers.
One of the key services that ARC provides is the accreditation of travel agencies in the US to sell airline tickets. This accreditation gives travel agencies the authority to ticket flights worldwide on more than 200 airlines, including cash sales and service fees. It also allows agencies to book hotels, cruises, and more, depending on the type of accreditation. ARC provides a streamlined way to bill and pay for these transactions, simplifying bookkeeping for travel agencies.
In addition to ticketing flights, ARC-accredited travel agencies can also modify their business information, which is supplied to participating airlines. They have access to various tools, such as ARC's IAR and ISS products, which allow them to view their weekly sales activity and ticket details. ARC also offers credit card processing services, providing a simple and efficient way to process payments for any travel-related goods or services.
The ARC accreditation is recognized worldwide as a sign of trustworthiness and is an important tool for travel agencies to manage their relationships with global air travel suppliers. It provides access to financial solutions, revenue opportunities, and industry expertise, helping agencies to grow and remain in business. ARC also offers various participation programs and products that can be tailored to individual business needs, such as the ARC Verified Travel Consultant (VTC) program, which allows travel professionals to brand themselves as ARC travel agents, even without air ticketing abilities.
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ARC is owned by nine major airlines
ARC, or Airlines Reporting Corporation, is a pioneer in e-ticket processing and settlement. It provides financial services, data products and services, ticket distribution, travel solutions, and settlement in the USA, Puerto Rico, the US Virgin Islands, and American Samoa. More than 200 airlines and railroads worldwide distribute and settle their products through ARC's system, and it processes more than $86 billion annually.
The nine major airlines that own ARC benefit from its secure, flexible, and cost-effective settlement platform, which allows them to create customized and effectively managed partnerships with travel agencies. This platform enables the creation of partnerships that leverage New Distribution Capability (NDC).
By owning and utilizing ARC's services, these nine airlines can efficiently manage their distribution and settlement processes, increasing their sales and revenue. ARC's system of reporting and settlement is fully electronic and accommodates a wide range of distribution systems, including the largest online distribution systems and the traditional retail model agency, with nearly 20,000 accredited points of sale.
The ownership of ARC by these nine major airlines allows them to have a direct stake in the financial backbone of travel distribution in the USA and Puerto Rico, the US Virgin Islands, and American Samoa.
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It provides data information services and analysis
ARC, or Airlines Reporting Corporation, provides data information services and analysis to its clients and partners. This includes airport owners, airport operators, airlines, ground handling companies, logistic companies, authorities, universities, and other organizations.
ARC offers daily sales data from travel agencies and airlines, including future bookings. This data is delivered in a format that enhances efficiency, creates value, and enables decision-making. It can be used to make critical business decisions and provides customizable intelligence that is unique to ARC. The data is also adaptable to evolving trends and customer needs, with a secure and flexible transfer system.
Additionally, ARC provides a settlement platform for airlines and travel agencies to create customized and effectively managed partnerships. This platform is fully electronic and accommodates various distribution systems, including online and traditional retail models.
ARC's data feeds have been used to prepare the monthly Travel Trends Index for the U.S. Travel Association, providing insightful windows into near-term future air passenger trends. This includes forward-looking booking data, which helps predict future air travel patterns.
Furthermore, ARC's tools enable the creation and management of signs and markings at airports, ensuring safe operations and compliance with regulations. This includes 3D visualizations and analysis, aiding in obstacle evaluation and improved decision-making for stakeholders.
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Frequently asked questions
ARC stands for Airline Reporting Corporation.
ARC's primary function is to support the travel industry by providing transaction settlement between travel suppliers and resellers.
ARC accredits travel agencies in the United States to sell airline tickets, and provides data information services and analysis based on archived aggregated data.
ARC provides services and benefits to airlines in the USA similar to those provided by IATA to the rest of the world. It is a global pioneer in e-ticket processing and settlement, serving the travel industry with financial services, data products and services, ticket distribution, original travel solutions, and settlement.
ARC is owned by nine major airlines.
