Investor Presentaiton

Hospitality Industry poised for strong growth Strong industry recovery ARR (Rs.) RevPAR (Rs.) Occupancy (%) 12000 80% 70% 10000 60% 8000 50% 6000 40% 30% 4000 20% 2000 10% 0% CY18 CY19 CY20 CY21 CY22 CY23E CY24E CY25E Govt's Thrust on Infrastructure & Tourism National Infra Pipeline 50 additional airports Swadesh Darshan Scheme Upgrade Urban Infrastructure National Tourism Policy, 2022 India all-year all-round destination 50 integrated tourism destinations Smart City Mission Hotels Sector on 'Mission Mode' Gati Shakti G20 World class convention facilities Growing societal aspirations Infrastructure & Tourism Thrust Ease of Doing Business Sports A TC Enduring Value Low Room Supply Penetration Room Supply Population Region (mn) (mn) Penetration (Rooms/'000) India 0.15 1418 0.11 USA 5.40 338 15.96 China 4.00 1426 2.81 World 17.00 7836 2.17 Source: US Census Bureau, STR Next 5 yr. Supply CAGR 5% Vs. Demand CAGR >7% Source: HVS Anarock Favourable Macros Growing per Capita Income Median Age amongst the lowest in the world ■FY20 FY50E 55 2010 2021 2031 48 45 47 48 43 $1,360 $2,278 38 $5,242 37 38 38 40 42 43 34 28 30 Growing Urbanization 2010 31% 2021 Source: Analyst reports 35% 2031 40% India Indonesia Brazil Source: WorldoMeter USA China Russia Europe Japan Digital Explosion % of Total Population India 2020 2025E China 2020 Access to Internet 48-50% 68-71% 68-71% Online 20-22% 54-57% 54-57% GServices Users Online Shoppers 11-13% 46-50% 46-50% Smartphone 34-38% 52-59% 64-68% Users Source: Redseer | 16 |

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