Definition of Wholesale
Wholesale refers to the selling of travel products such as flight tickets, hotel accommodations, and tour packages to intermediaries at a reduced rate. This intermediary then resells these products to their customers, earning a commission or fee in the process.
Wholesale travel products are typically sold to travel agents, tour operators, and online travel agencies who then package and resell these products to their customers. By purchasing these products at a discounted rate, intermediaries are able to offer competitive prices to their customers while still making a profit.
In addition to offering reduced tariffs, wholesalers may also provide additional services such as marketing support, training, and access to exclusive products or destinations. This can help intermediaries differentiate themselves from competitors and provide added value to their customers.
Overall, wholesale is an important part of the travel industry, allowing intermediaries to offer a wide range of travel products at competitive prices while still earning a profit.
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