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Investor Presentaiton

- Supply & Demand Scenario – Q1 2019/20 Luxury Supply growth 2.9% Demand growth 4.6% Upper Upscale 80% Supply growth 1.6% Total Portfolio Industry Demand growth 4.0% Supply growth 3.2% Upscale Demand growth 3.0% Supply growth 3.7% Demand growth 4.0% Midscale and Economy Supply growth 3.4% Demand growth 2.3% Source STR Global 5 TAJ SELEQTIONS VIVANTA GINGER EXPRESSIONS TAJ sats IHCL

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