Over the last few years, the trend has leaned towards expanding the client base. Where earlier the ideal ocean cruise client was an older demographic, we have seen an increase in millennials and multi-generational family groups using travel as a means to spend more time with each other. Advisors are now open to looking at a vari- ety of client segments from incentive/conference groups (74%), to even wedding parties (73%). Affinity/club groups (87%) will see a more targeted approach in the next few years with advisors across the last few TMR Outlooks saying that they hope to expand their base in this segment. PAST PERFORMANCE & OUTLOOK BY CLIENT SEGMENTS DISTRIBUTION TRENDS 54% 55% 65% 67% 70% 74% 77% 77% 79% 79% 79% 81% 83% 84% 89% Sold in the past Couples Seniors Multi-generational family Empty nesters Luxury/affluent Nuclear families Millennials Leisure groups Solo travelers Reunions Weddings Students/Gen Z Corporate clients Incentive/conference groups Affinity/clubs 87% 74% 72% 79% 73% 82% 85% 83% 86% 87% 84% 86% 84% 84% 83% Plan to sell in the next 24 months 12 | CHART 4