3 Questions
What is the primary source of revenue for a retail travel agency?
Commissions
What is the two-way selling method used by retail travel agencies?
Selling services to tourists and service providers
What type of travel agency accumulates different components of tourism services?
Wholesale
Study Notes
- A wholesale travel agency accumulates different components of tourism services to design tour packages for catering to the needs of individual travelers and groups.
- A retail travel agency sells its services directly to tourists or travelers at various small locations.
- The primary source of revenue for a retail travel agency is commission which they receive from various service providers.
- A two- way selling method is followed in retail travel agencies.
Learn about the differences between wholesale and retail travel agencies, including their revenue sources and selling methods.
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