What is the role of subsidiary services in development of travel and tourism?
Answer:
Depends on what type of subsidiary you are taking about. If a parent travel agency has subsidiaries it may be to limit liability ie one office can go bankrupt without effective the other branches, to market different branches ie student, budget, senior etc
But a travel agency might be a subsidiary of a wholesale company, consolidator. For example, most tickets especially if they are not fully priced (ie the price that you see on the airline's webpage) are not bought by a travel agency directly from an airline but are bought via a ticket wholesaler or what they call a consolidator who sells tickets for the airlines to other travel agencies.
But a travel agency might be a subsidiary of a wholesale company, consolidator. For example, most tickets especially if they are not fully priced (ie the price that you see on the airline's webpage) are not bought by a travel agency directly from an airline but are bought via a ticket wholesaler or what they call a consolidator who sells tickets for the airlines to other travel agencies.
First answer by ID1507404387. Last edit by ID1507404387. Question popularity: 1
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