Investor Presentaiton

FY22-F ☐ Industry Industry overview Massive growth potential in the Indian hotel industry on the back of favorable growth drivers 200 150 100 50 0 FY19 All India Rooms supply vs Demand (FY22-FY25) 45% CHE 100% 80% Business related travel 65% 60% Leisure 40% 124 20% MICE 0% Supply FY23-F Demand FY24-F Осс Market Concentration amongst top hotel chains with IHCL being one of the top 2 industry players Top 10 Chains - Number of hotels Weddings and other social purposes Top 10 Chains - Number of hotel rooms (in '000s) FY25-F Marriott IHCL Radisson ITC Accor Lemon Tree Hotels Hyatt Sarovar/Loure IHG Fern Hotels 0 50 50 100 150 200 Existing Pipeline 0 5 10 15 20 20 Source: "Industry Report - Upper Tier and Economy Hotels" dated October 28, 2021 prepared by Horwath HTL India 45 TAJ SELEQTIONS VIVANTA GINGER amã Gmin TAJ sats STAYS & TRAILS qurated quality quisine 25 25 30 30 Diplomatic travel Key demand drivers Airline crew Transit Marriot and IHCL are the top 2 chains controlling 17% of hotel inventory and 24% of room inventory Top 5 chains control ~45% of chain affiliated room inventory HOTEL IHCL

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