1. 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 +3 2015 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 2015. Gross Rev decreased by -41% between 2012 and 2015 => Russia: Gross revenue Rank is 41 (4’083’601€) in 2015. Gross Rev decreased by -26% between 2012 and 2015

2. 241 in 2016335 in 2014315 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%

3. 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

4. Destination 1: Mumbai, New Delhi

5. Destination 2: Chennai, Mumbai airport

6. Destination 3: Goa

7. Destination 4: Bangalore, Gurgaon

8. 10 Top markets 2015 YTD No Room NightsGross Value EURNet Value EURGross Operating Profit EURNet Margin %Market share UNITED KINGDOM11,4311,209,7161,093,862112,23710.26%22.87% UAE6,043559,802558,53063,15811.31%10.58% INDIA4,562378,445 31,9908.45%7.16% HONG KONG/MACAU/SINGAPORE/TAIWAN3,173312,750309,82726,7048.62%5.91% AUSTRALASIA (EXCLUDING FRENCH POLYNESIA)2,782289,649255,79546,54718.20%5.48% Europe - Generic2,304234,102232,47223,51710.12%4.43% JAPAN2,374228,873203,70118,3849.02%4.33% TURKEY2,395211,963211,90222,78910.75%4.01% USA AND CANADA2,174206,414196,17317,1478.74%3.90% SPAIN2,037197,292190,02817,4529.18%3.73% By RM Market54,8695,288,6595,065,265529,68210.46%100.00%

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