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STR Global

Client Breakfast Briefing

Grand Connaught Rooms

29th October 2013

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STR Global Client Event @2013 STR Global www.strglobal.com

Our participants

As of September 2013

+30,000 hotels

+3.9 m rooms

+800 hotels

+160,000 rooms

+600 hotels

+100,000 rooms

+47,000 hotels

+6.4m rooms

+8,000 hotels

+1,1 m rooms

+5,000 hotels

+1 m rooms

+400 hotels

+120,000 rooms

STR Global Client Event @2013 STR Global www.strglobal.com

Global performance

RevPAR YTD September 2013 (USD)

- 4.1%

+ 5.4%

+5.1%

+ 0.6%€

STR Global Client Event @2013 STR Global www.strglobal.com www.strglobal.com

Europe +4.4%

+0.6% YTD 13

YE 12

RevPAR % Chg €

STR Global Client Event @2013 STR Global www.strglobal.com

Europe Room Supply and Demand %Chg

-8%

-6%

-4%

-2%

0%

2%

4%

6%

8%

2005 2006 2007 2008 2009 2010 2011 2012

Supply % Chg Demand % Chg

12 months moving average YE 2005 to September 2013

Nov ‘10

6.8%

Jul ‘09

-7.3%

Sep‘13

2.8%

Jun’12

2.1%

STR Global Client Event @2013 STR Global www.strglobal.com

Europe Occ and ADR %Chg

-14%

-12%

-10%

-8%

-6%

-4%

-2%

0%

2%

4%

6%

8%

2005 2006 2007 2008 2009 2010 2011 2012

Occ % Chg ADR % Chg

12 month moving average YE 2005 to September 2013

Sep ‘13

1.8%

May ‘11

5.7% Jan ‘11

5.4%

Jul ‘09

-8.4% Nov ‘09

-11.5%

Sep ‘13

-0.4%

STR Global Client Event @2013 STR Global www.strglobal.com

Europe actual performance

0 €

20 €

40 €

60 €

80 €

100 €

120 €

0

200,000,000

400,000,000

600,000,000

800,000,000

1,000,000,000

1,200,000,000

1,400,000,000

1,600,000,000

1,800,000,000

2005 2006 2007 2008 2009 2010 2011 2012

Supply Demand RevPAR

12 month moving average YE 2005 to September 2013

STR Global Client Event @2013 STR Global www.strglobal.com

Europe Classes Occ and ADR

0 €

50 €

100 €

150 €

200 €

250 €

300 €

60%

65%

70%

75%

80%

85%

Luxury Upper Upscale Upscale Upper Midscale Midscale/Economy

Occ 12 Occ 13 ADR 12 ADR 13

+1.8 +2.3 +1.8 +1.1 +3.9

-2.7 -2.0 -0.7

-1.9

-0.3

YTD September 2012 & 2013

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European Countries RevPAR % Chg

YTD September 2013 (local currency)

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

East North South West

STR Global Client Event @2013 STR Global www.strglobal.com

• -18.0 % Warsaw

• - 6.8% Madrid

• - 6.6% Tel Aviv

• - 6.2% Vienna

• - 5.7% Helsinki

Top and Bottom 5 Markets, YTD September 2013 (local currency)

Europe Markets RevPAR % Chg

• + 7.7 % Edinburgh

• + 9.7% Budapest

• + 10.3% Dublin

• + 11.7% Copenhagen

• + 16.6% Vilnius

STR Global Client Event @2013 STR Global www.strglobal.com

P&L 2012 GOPPAR % Chg

15.8

18.6

23.6

26.3

26.8

23.8

22.3

17.2

16.1

13.8

0 5 10 15 20 25 30

POLAND

CZECH REPUBLIC

RUSSIA

HUNGARY

IRELAND

MOSCOW

SAINT PETERSBURG

PRAGUE

AMSTERDAM

LONDON

EUR

CZK

RUB

RUB

EUR

HUF

RUB

CZK

PLN

Top 5 Countries and Markets in Europe (Local Currency)

GBP

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Eurozone Demand & GDP

Quarterly 2004 – 2015F (GDP Source: Oxford Economics)

-15.0

-10.0

-5.0

0.0

5.0

10.0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014f 2015f

Demand GDP

STR Global Client Event @2013 STR Global www.strglobal.com

Europe Pipeline Top 5 Countries

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Georgia

Tajikistan

Belarus

Kazakhstan

Azerbaijan

Pipeline as a % of existing supply

STR Global Client Event @2013 STR Global www.strglobal.com www.strglobal.com

United Kingdom +1.5%

+2.5% YTD 13

YE 12

RevPAR % Chg £

STR Global Client Event @2013 STR Global www.strglobal.com

RevPAR % Chg

Sept YTD GBP

1.4

%

SEEngland

9.6

%

Scotland

5.4

%

NWEngland

5.6

%

NIreland

0.9

%

NEEngland

-1.7

%

London6

.6%

E Midlands

6.8

%

Yorkshire

5.0

%

WMidlands

4.4

%

Wales

5.4

%

SWEngland

-1.3

%

EEngland

STR Global Client Event @2013 STR Global www.strglobal.com

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

Occ ADR

Key Cities – UK Occ and ADR % Chg

YTD September 2013 GBP

STR Global Client Event @2013 STR Global www.strglobal.com www.strglobal.com

Regional UK -0.6%

+4.4% YTD 13

YE 12

RevPAR % Chg £

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Regional UK Classes Supply and Demand % Chg

0%

2%

4%

6%

8%

10%

12%

Luxury Upper Upscale Upscale Upper Midscale Midscale/Economy

Supply Demand

YTD September 2013

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Regional UK Classes

£0.0

£50.0

£100.0

£150.0

£200.0

£250.0

£300.0

60%

65%

70%

75%

80%

85%

Luxury Upper Upscale Upscale Upper Midscale Midscale/Economy

Occ 12 Occ 13 ADR 12 ADR 13

YTD September 2012 & 2013 Occ and ADR in GBP

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London +2.2%

-1.7% YTD 13

YE 12

RevPAR % Chg £

STR Global Client Event @2013 STR Global www.strglobal.com

£133

£110

82.3%

0

10

20

30

40

50

60

70

80

90

100

£0

£20

£40

£60

£80

£100

£120

£140

£160

2011

ADR RevPAR Occ

YTD September 2011 vs YTD September 2013

London Occupancy, ADR and RevPAR

£136

£112

82.3%

0

10

20

30

40

50

60

70

80

90

100

£0

£20

£40

£60

£80

£100

£120

£140

£160

2013

ADR RevPAR Occ

‘13YTD

Supply

growth

4%

STR Global Client Event @2013 STR Global www.strglobal.com

London Classes Supply and Demand % Chg

0%

2%

4%

6%

8%

10%

12%

Luxury Upper Upscale Upscale Upper Midscale Midscale/Economy

Supply Demand

YTD September 2013

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London Classes Occ and ADR

£0

£50

£100

£150

£200

£250

£300

60%

65%

70%

75%

80%

85%

Luxury Upper Upscale Upscale Upper Midscale Midscale/Economy

Occ 12 Occ 13 ADR 12 ADR 13

YTD Sep 2012 & 2013 GBP

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MEA +5.3%

+5.1% YTD 13

YE 12

RevPAR % Chg $

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MEA Countries REvPAR % Chg

YTD September 2013 (local currency)

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

Kenya Egypt Mauritius SouthAfrica

Lebanon Jordan SaudiArabia

Qatar UnitedArab

Emirates

Kuwait Bahrain Oman

Africa Middle East

STR Global Client Event @2013 STR Global www.strglobal.com

MEA Overview RevPAR % Chg

YTD September 2013 (local currency)

Beirut -26.9%

Makkah -0.6%

Medina -0.3%

Riyadh 0.4%

Jeddah 9.0%

Dubai +11.0%

Cape Town +16.7%

Cairo -6.3%

Nairobi -4.9%

Doha +9.1%

Sandton & Sur. +10.4%

Manama +10.5%

Abu Dhabi 11.0%

Muscat +15.9%

STR Global Client Event @2013 STR Global www.strglobal.com www.strglobal.com

UAE +4.1%

+10.5%

RevPAR % Chg AED

YE 12

YTD 13

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Abu Dhabi vs Dubai Occ and ADR % chg

YTD 19th October 2013 (daily data) AED

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

35%

AbuDhabi

Luxury UpperUpscale

Upscale UpperMidscale

Mid &Eco

Dubai Luxury UpperUpscale

Upscale UpperMidscale

Mid &Eco

Occ ADR

Dubai Abu Dhabi

STR Global Client Event @2013 STR Global www.strglobal.com

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

35%

Occupancy ADR

Dubai Selected Submarkets Occ and ADR % Chg

YTD 19th October 2013 (daily data) AED

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Dubai Selected Submarkets Occ and ADR

AED 50

AED 250

AED 450

AED 650

AED 850

AED 1,050

AED 1,250

AED 1,450

AED 1,650

AED 1,850

AED 2,050

30%

40%

50%

60%

70%

80%

90%

100%

Occupancy ADR $

YTD 19th October 2013 (daily data) AED

STR Global Client Event @2013 STR Global www.strglobal.com

0% 20% 40% 60% 80% 100% 120% 140%

Riyadh

Jeddah

Lagos

Makkah

Al Khobar

Doha

Muscat

Manama

Nigeria

Abu Dhabi

Selected Cities Pipeline MEA

Supply Increase % of existing September 2013

STR Global Client Event @2013 STR Global www.strglobal.com

MEA Pipeline Top 5 Countries

0% 100% 200% 300% 400% 500% 600%

Iraq

Mauritania

Libya

Angola

Rwanda

Pipeline as a % of existing supply

STR Global Client Event @2013 STR Global www.strglobal.com www.strglobal.com

APAC -0.4%

-4.1% YTD 13

YE 12

RevPAR % Chg $

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Asia Pacific RevPAR growth

YTD September 2013 (local currency)

India -3.1

Singapore -1.3

Malaysia +6.2

Indonesia +7.6

Vietnam +8.7

Thailand +15.9

Maldives +20.0

South Korea -8.1

China -5.7

Hong Kong -2.1

Philippines +0.0

Australia +2.1

Taiwan +6.9

Japan +11.5

STR Global Client Event @2013 STR Global www.strglobal.com

APAC Markets RevPAR growth

YTD September 2013 (local currency)

Seoul -13.2%

Delhi-NCR -11.1%

Bali +0.6%

Kuala Lumpur 1.0%

Ho Chi Minh City +1.4%

Osaka +11.2%

Jakarta +11.4%

Beijing -7.4%

Manila -3.1%

Taipei + 4.3%

Sydney + 4.8%

Phuket + 5.4%

Tokyo +12.3%

Bangkok +15.6%

STR Global Client Event @2013 STR Global www.strglobal.com

58%

16%

8%

Malaysia 4%

Thailand 3%

Philippines 3%

Vietnam 2%

Australia 2%

Japan 2%

Singapore 1%

South Korea 1%

18%

Pipeline | Asia Pacific

By country – Q3 2013

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Pipeline | Asia Pacific – Size of properties

By country – Q3 2013

100

150

200

250

300

350

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APAC Pipeline Top 5 Countries

0% 20% 40% 60% 80% 100% 120% 140% 160%

Bangladesh

Mongolia

Myanmar

Sri Lanka

Philippines

Pipeline as a % of existing supply

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Forecast

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Forecast 2014

Occupancy and ADR % Chg (local currency)

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Forecast : 3 key Markets RevPAR % Chg

+3.4% +5.6% +4.4%

2014 Year-end as of Aug 2013 edition (local currency)

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Thank you

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