BUSINESS CLASSIFICATION, SHARE (%) AGENCY/ADVISOR POSITION, SHARE (%) The shift that one had been seeing in advisor profiles in the last two years has now settled. Approximately two out of three advisors are ICs. This share has been similar across the past few Outlooks. ADVISOR’S PROFILE 19% 17% 60% 4% Retail travel agency with a storefront location Retail travel agency with an office/non- storefront location Independent contractor/advisor working with a host agency or franchise or consortium Independent contractor/advisor working on your own 17% 6% 14% 45% 19% Owner Manager Employee Independent Contractor (IC) ICs who identify themselves as owner CHART 24-25 | 43