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 | 2001 | |
| ARC Locations | 16,695 | 18,084 | 29,485 |
| Total Sales | $28,007,936,882 | $37,714,073,290 | $34,052,812,000 |
| Total Transactions | 59,622,069 | 68,926,509 | 80,982,177 |
| % Change | |||
| 2009 / 2008 | 2009 / 2001 | ||
| ARC Locations | -8% | -43% | |
| Total Sales | -26% | -18% | |
| Total Transactions | -13% | -26% | |
