What is the purpose of an ARC report in a travel agency?

An ARC report, or Airline Reporting Corporation report, serves a critical function in a travel agency by accurately accounting for the sales of airline tickets and other travel documents. This report provides detailed data about the financial transactions related to air travel, such as ticket sales, refunds, and exchanges. It helps travel agencies keep precise records of their financial activities, ensuring compliance with airline revenue reporting standards.

The importance of this report lies in its ability to facilitate the settlement of funds between agencies and airlines, ensuring that commissions are properly accounted for and that financial reconciliations can be completed efficiently. The availability of this detailed sales data also aids agencies in monitoring their business performance related to air travel, ultimately impacting their strategic decisions and operational management.