Slide 1: Executive Summary Macroeconomic Indicators Slide 2: GDP at Factor Cost: Quarterly (2010-11, 2011-12, 2012-13, 2013-14), Inflation Rate: Monthly (Jul 2013 - Dec 2013) Slide 3: Gross Fiscal Deficit: Monthly (Feb 2013 - Jul 2013), Exchange Rate: Half Yearly (Oct 2013 - Mar 2014) Slide 4: Lending Rate: Annual (2008-09, 2009-10, 2010-11, 2011-12), Trade Balance: Annual (2010-11, 2011-12, 2012-13, 2013-14), FDI: Annual (2009-10, 2010-11, 2011-12, 2012-13) Introduction Slide 5: Travel & Tourism - Market Overview, Market Size & Growth (Value-wise, 2013 - 2018e), Contribution to GDP (2013) Market Overview Slide 6: Hotel - Market Overview, Market Size & Growth (Value-Wise, 2013 - 2018e) Slide 7: Hotel - Segmentation (2013), Mid-market Hotel - Share (2015-16e) Slide 8: Classification of Hotels Slide 9: Consumer Segmentation Slide 10: Occupancy Rate and Average Room Rate Drivers & Challenges Slide 11: Drivers & Challenges - Summary Slide 12-18: Drivers Slide 19-23: Challenges Trends Slide 24: Summary Slide 25-28: Key Trends Regulations Slide 29: Summary Slide 30-34: Key Trends Competitive Landscape Slide 35: Porter's Five Forces Analysis Slide 36-40: Competitive Benchmarking Slide 41-79: Major Hotel Players Strategic Recommendations Slide 80-81: Strategic Insights Appendix Slide 82: Key Ratios Description Slide 98: Sources of Information

Macro Economic Indicators 1. GDP at Factor Cost: Quarterly (2010-11, 2011-12, 2012-13, 2013-14) 2. Inflation Rate: Monthly (Jul-Aug 2013 - Nov-Dec 2013) 3. Gross Fiscal Deficit: Monthly (Feb 2013 - Jul 2013) 4. Exchange Rate: Monthly (Oct 2013 - Mar 2014) 5. Lending Rate: Annual (2008-09, 2009-10, 2010-11, 2011-12) 6. Trade Balance: Annual (2010-11, 2011-12, 2012-13, 2013-14) 7. FDI Annual (2009-10, 2010-11, 2011-12, 2012-13) Introduction 1. Travel & Tourism - Market Size & Growth (Value-Wise, 2013 - 2018e) 2. Travel & Tourism - Contribution to GDP (2013) Market Overview 1. Hotel Market Size & Growth (Value-Wise, 2013 to 2018e) 2. Hotel Industry - Segmentation (2013) 3. Mid-market Hotel - Share (2015-16e) 4. Occupancy Rate (2013) Drivers & Challenges 1. Foreign Exchange Earnings (Jan-Mar 2013 - Jan-Mar 2014) 2. Domestic Tourist Travel (2013 - 2014e) 3. Foreign Tourist Travel (Mar 2013 - Mar 2014) 4. Traffic in Airports (2013 - 2020e) 5. Aviation - Contribution to GDP (2013) 6. Budget Hotels in India (2013) 7. Share of Fresh Hotel Management Graduates (2013) 8. Project Costs - Share of Imports (2013) Competitive Landscape 1. Competitive Benchmarking - Key Ratios of Top 3 Companies - Operational & Financial Basis (FY 2014) 2. Company Profiles (All Companies) a. Ownership Structure b. Financial Snapshot c. Key Business segments (Public Companies) d. Key Geographic segments (Public Companies) Drivers & Challenges 1. Socio-political concerns Competitive Landscape 1. Company Profiles (All Companies) a. Company Information (All Companies) b. Products and Services (All Companies) c. Key People (All Companies) d. Shareholders of the Company (Private Companies) e. Key Financial Performance Indicators (Public Companies) f. Key Ratios (All Companies) g. Business Highlights (All Companies)

Public Companies 1. Asian Hotels (North) Ltd. 2. EIH Ltd. 3. Hotel Leelaventure Ltd. 4. ITC Ltd. 5. Kamat Hotels India Ltd. 6. Mahindra Holidays and Resorts India Ltd. 7. Sterling Holiday Resorts India Ltd. 8. The Indian Hotels Company Ltd.