The booking platform Hôtelia connects travellers with hotels. Based on the case data, it has concluded that it does not control the room nights before they are transferred to the travellers and that it acts as an agent. In 20X1, travellers pay 500,000 for room nights through the platform, of which Hôtelia remits 425,000 to the hotels. What revenue does Hôtelia recognise for 20X1?
- Amount paid by travellers
- 500,000
- Amount remitted to hotels
- 425,000