Intermediaries recorded further retail value growth in 2017, led by several major operators in the category. Local players such as Hanatour Service, Modetour Network and InterPark INT Corp achieved strong performances, while global brands such as Hotels.com (Expedia Inc) and Agoda (The Priceline Group) increased their retail value share, thus supporting growth in intermediaries in 2017.
Online travel agencies are expected to record the best performances over the forecast period, while offline sales of traditional travel agencies will register a weaker performance. However, online sales of traditional travel agencies will also perform significantly as they rapidly adopt new technologies in order to attract more customers.
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