8

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CHART 1

Data rounded up and may not total up to 100%

The Distribution Outlook

reflects the high degree of entrepreneurship within the distribution landscape. Eighty-two

percent (82%) of the total respondents were either agency owner/managers or Independent Contractors (see Chart 1).

ADVISOR DEMOGRAPHICS

Travel Agency Owner/

Manager

Travel Advisor –

Employee

Travel Advisor –

Independent Contractor

42%

17%

40%