Traditional Culture Encyclopedia - Tourist attractions - Hello, what does the rebate in the travel agency mean?

Hello, what does the rebate in the travel agency mean?

In travel agencies, rebate refers to a marketing method in which travel agencies purchase tourism products quantitatively from tourism suppliers, and after the suppliers confirm the sales, they return part of the payment according to the agreed proportion, amount, products and other conditions to reward the buyers of tourism products. Simply put, rebate is the incentive commission paid by the travel agency to customers, and the payment of this rebate should be regarded as the operating cost of the travel agency. In accounting, sales expenses are usually debited and bank deposits are credited to record the payment of kickbacks.