1. TRUE FLEXIBILITY

3. B2B model – leisure clients AgentFocus Air + Tours FIT

4. Travel agents: Dinosaurs or still important? 995 in Quebec – 9083 agents Almost 2000 in Ontario – almost 15 000 agents ----------------------------------------------------------------------------------- Quebec: 1 agent per 891 inhabitants USA: 1 agent per 4324 inhabitants

5. Worldwide Over 185 countries USA : #1 seller

6. ALIO’s MASSACHUSSETTS Travel product in 37 CITIES AND TOWNS – OVER 700 accommodation choices offered – FIT and Ad Hoc groups

7. Our Massachussetts suppliers Direct contracts XML dynamic real-time connectivity with 3 rd party receptives & bed banks

8. Late spring/early fall Travel in 2015 – our numbers for New England & New York State Down 8.3% First YOY decrease since 2009 Roughly 25% currency swing

9. Current travel trends? Millennials (18-34yrs) Specialized agents River cruises, soft adventure combined with quality accommodation Culinary with very local twist