India arrival 2015: Gross Revenue Rank is 38 (5’203’138.96€) GOP Rank is 38 (497’300.13€) Net Margin is 9.98% 2015 vs 2014: Gross Rev increased by 49%. Ranking difference of +5 GOP increased by 40%. Ranking difference of vs 2012: Gross Rev increased by 29%. Ranking difference +5 GOP decreased by 8%. Ranking difference +2 Net Margin: Compare to other destinations managed: => Norway: Gross revenue Rank is 42 (3’970’040 €) in Gross Rev decreased by -41% between 2012 and 2015 => Russia: Gross revenue Rank is 41 (4’083’601€) in Gross Rev decreased by -26% between 2012 and 2015

241 in in in 2015 Our hotels 691 hotels in India 50% of the total Gross revenue in India is the result of the 38 top properties Hotel contracted: 2014 vs 2015 YTD: -> The number of allotment increased by 80% -> The number of Room night sold increased by 25% -> The utilisation % decreased by 0.71%

Main cities Business in 48 cities 82% of the total GOP is coming from the 7 main cities: New Delhi, Mumbai, Bangalore, Mumbai airport, Chennai, Goa, Gurgaon

Destination 1: Mumbai, New Delhi

Destination 2: Chennai, Mumbai airport

Destination 3: Goa

Destination 4: Bangalore, Gurgaon

10 Top markets 2015 YTD No Room NightsGross Value EURNet Value EURGross Operating Profit EURNet Margin %Market share UNITED KINGDOM11,4311,209,7161,093,862112, %22.87% UAE6,043559,802558,53063, %10.58% INDIA4,562378,445 31, %7.16% HONG KONG/MACAU/SINGAPORE/TAIWAN3,173312,750309,82726, %5.91% AUSTRALASIA (EXCLUDING FRENCH POLYNESIA)2,782289,649255,79546, %5.48% Europe - Generic2,304234,102232,47223, %4.43% JAPAN2,374228,873203,70118, %4.33% TURKEY2,395211,963211,90222, %4.01% USA AND CANADA2,174206,414196,17317, %3.90% SPAIN2,037197,292190,02817, %3.73% By RM Market54,8695,288,6595,065,265529, %100.00%

Top markets booking windows These 10 top markets are responsible for 72% of the total RN in 2015