Traditional Culture Encyclopedia - Travel guide - Two forms of deposit payment for travel agencies

Two forms of deposit payment for travel agencies

Making deposits and obtaining bank guarantees. The two forms of deposits paid by travel agencies are deposits and bank guarantees. Travel agency quality deposits refer to special funds paid by travel agencies and managed by the tourism administrative department to protect the rights and interests of tourists. They have legal effects. Travel agencies should report to the tourism administrative department. Within the scope of designated banks, select the bank where the quality deposit is deposited.