The current economic downturn has perpetuated the TMC consolidation which has been happening during the past decade.
There is a natural consolidation process which occurs in economic downturns. We have seen this taking place in the major markets we operate in; Salt Lake City, Denver and San Francisco. We have also seen the consolidation trend taking place at the national level.
Christopherson Andavo Travel’s ranking at #14 in the BTN Annual Business Travel Survey is reflective of our own growth through consolidation.
A review of the Airline Reporting Corporation (ARC) statistics as of 5-31-09 shows the following trends:
- There were 29,486 ARC locations as of 5-31-2001
- There are 16,695 ARC locations as of 5-31-2009, a reduction of 43%
- ARC sales are down 26% for the first five months of 2009
- ARC locations are down 8% for the first five months of 2009
|ARC Processing Data − YTD as of May|
|2009 / 2008||2009 / 2001|