Bernard Kee

Regional Manager - STR

© 2017 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part of this presentation without the prior written approval of STR, Inc. or STR Global, Ltd. trading as STR (collectively “STR”) is strictly prohibited. Any such reproduction shall specifically credit STR as the source. This presentation is based on data collected by STR. No strategic advice or marketing recommendation is intended or implied.

apsales@str.com

www.str.com

Leading Indicators for Corporate in AsiaCAPA Asia Summit 2017

STR, collecting data since 1985

Occ, ADR, RevPARSupply/DemandRevenueP&L

Existing supplyFuture supplyPipelineCharacteristics

Main KPIsMacro economic inputMicro economic input5 years/6 quarters/18 months

+58K Hotels+7.9M Hotel Rooms+182 Countries+2K Markets

STR Coverage – Our Sample

Performance Reports Supply Reports Forecast Reports

STR Locations – World Map

STR Coverage – Our Sample

Hotels & Hotel Rooms, September 2017

Hotels

Rooms

+35.9K

+4,244K

+1.2K

+181K

+10.3K

+1,403K

+861

+154K

+879

+218K

+9.2K

+1,669K

MiddleEast

SouthernAfrica

NorthernAfrica

-5.8%

Global RevPAR % Change

USD, Europe in EUR, Constant Currency, September 2017 YTD

Europe

Asia

+2.9%

+3.0%

+6.5%

+41.8%

+4.4%

-6.4%

+3.4%

Australia & Oceania

+3.4%

NorthAmerica

CentralAmerica

SouthAmerica

Asia Pacific

Asia Pacific Under Contract Pipeline

Top 10 Countries by Total Number of Rooms

As of August 2017

+5% +5% -13% +36% +0% +19% +26% +5% +14% +20%0

30000

60000

90000300000

330000

China Indonesia India Australia Malaysia Vietnam Thailand Japan Philippines SouthKorea

Asia Pacific Hotel Performance

Main KPIs % Change – What’s driving growth?

Supply DemandOccupancy ADR RevPAR

YTD September 2017, CC, USD

+3.0% +3.2%+3.4%

+6.3%

+0.4%

Asia Pacific Hotel Performance

90

100

110

120

2012 2013 2014 2015 2016 2017

Australia & Oceania

Central & South Asia

Northeastern Asia

Southeastern Asia

Sub-Continent RevPAR Performance (Indexed to 2012)R12 September 2012 – 2017, CC, USD

Asia Pacific Hotel Performance

Supply and Demand Growth by Sub-ContinentYTD September 2017

3.5% 3.1% 3.1% 1.6%7.3% 5.7% 5.2% 2.3%

Northeastern Asia Southeastern Asia Central & South Asia Australia & Oceania

Supply Demand

Around this Region

In Focus

Northeast Asia

Northeast Asia Cities Performance

Supply & Demand GrowthYTD September 2017

4.3% 3.2% 2.6% 2.1% 1.2%5.6% 4.2% 6.4% 0.2% 4.2%

Tokyo Shanghai Hong Kong SAR Taipei Beijing

Supply Demand

Northeast Asia Hotel Performance

Occupancy, ADR, RevPAR GrowthYTD September 2017, LC

3% 4%

-2%

3%

-3%

-6%

-4%

-2%

0%

2%

4%

6%

8%

Beijing Hong Kong SAR Shanghai Tokyo Taipei

Occupancy ADR RevPAR

Northeast Asia Hotel Performance

ADR Performance – Selected Key CitiesYTD September 2017, ADR in USD, Growth in LC

-3% +1% +0% +2% +3%$50

$70

$90

$110

$130

$150

$170

$190

$210

Taipei Hong Kong SAR Tokyo Shanghai Beijing

In Focus

Southeast Asia

Southeast Asia Cities Performance

Supply & Demand GrowthYTD September 2017

4.3% 4.1%

3.1% 2.7%

1.1% 0.8%11.9% 4.3% 3.6% 2.8% 8.5% 9.7%

Kuala Lumpur Bangkok Jakarta Singapore Ho Chi Minh City Hanoi

Supply Demand

Southeast Asia Hotel Performance

RevPAR Performance (index to 2011)R12 September 2011 – 2017, LC

90

100

110

120

130

140

2011 2012 2013 2014 2015 2016 2017

Indonesia

Malaysia

Philippines

Singapore

Thailand

Vietnam

Southeast Asia Hotel Performance

Occupancy, ADR, RevPAR GrowthYTD September 2017, LC

9% 7% 7%

8%

-4%

-5%

0%

5%

10%

15%

20%

Hanoi Ho Chi Minh City Kuala Lumpur Bangkok Jakarta Singapore

Occupancy ADR RevPAR

Southeast Asia Hotel Performance

ADR Performance – Selected Key CitiesYTD September 2017, ADR in USD, Growth in LC

-4% +8% +1% +2% +1% -4%$50

$70

$90

$110

$130

$150

$170

$190

$210

Singapore Hanoi Ho Chi Minh City Bangkok Kuala Lumpur Jakarta

Singapore vs Hong Kong Hotel Performance

Monthly R12 RevPAR GrowthJan 2012 – Sep 2017, LC

-20%

-10%

0%

10%

20%

30%

2012 2013 2014 2015 2016 2017

Singapore Hong Kong SAR

Asia Hotel Performance

ADR Performance for Occupancy <90%Daily Data – R12 September 2017, USD

$50

$70

$90

$110

$130

$150

$170

$190

$210

$230

Tokyo Taipei Singapore Hong KongSAR

Ho ChiMinh City

Hanoi Bangkok Shanghai Beijing KualaLumpur

Jakarta

11 cities of Asia

Asia Hotel Performance

Total Nights & ADR Premium for Occupancy 90%+Daily Data – R12 September 2017, LC

+16%

+5%

+20%

+16%

+10%

+5%

+9%

0 50 100 150 200

Hong Kong SAR

Hanoi

Tokyo

Shanghai

Beijing

Singapore

Ho Chi Minh City

7 cities with ADR Premium@ >90% Occupancy

Asia Hotel Performance

Total Nights & ADR Premium for Occupancy 95%+Daily Data – R12 September 2017, LC

+7%

+30%

+31%

+22%

0 10 20 30 40 50 60

Hanoi

Hong Kong SAR

Tokyo

Shanghai Only 4 cities with ADR Premium

In Focus

Sydney & Melbourne

Sydney Hotel Performance

Monthly R12 Supply & Demand GrowthJan 2012 – Sep 2017

-3%

0%

3%

6%

2012 2013 2014 2015 2016 2017

Supply Demand

Melbourne Hotel Performance

Monthly R12 Supply & Demand GrowthJan 2012 – Sep 2017

0%

3%

6%

2012 2013 2014 2015 2016 2017

Supply Demand

Sydney vs Melbourne Hotel Performance

Occupancy & ADR PerformanceFY 2012 – YTD Sep 2017, AUD

$140

$160

$180

$200

$220

$240

76%

78%

80%

82%

84%

86%

FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 YTD Sep 2017

Sydney ADR Melbourne ADR Sydney Occ Melbourne Occ

Compression - High / Low Yield Cities

New Entrants - More Options

Rates - Book Early

Useful Reports for Corporate Buyershttp://www.str.com/products/industry-partners

Global Hotel Studyglobal year-end review of the hotel industry. The report includes regional overviews, ranking which markets had the strongest and weakest performances in 2016, and also includes analysis on how supply growth is impacting performance.

http://www.str.com/products/global-hotel-study

Market Forecastdrawn upon the complete historical data on a market, the supply pipeline, key hotel demand drivers (e.g. events), and economic indicators at the market, national and international level to project future performance.

http://www.str.com/products/market-forecast/en-us

Destination Reportsoccupancy, ADR and RevPAR for your chosen regions, customizable allowing you to choose from different templates to display key performance data for your chosen segments and timeframes.

http://www.str.com/products/destination-reports/en-us

Thank You!

Bernard Kee

Regional Manager - STR

© 2017 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part of this presentation without the prior written approval of STR, Inc. or STR Global, Ltd. trading as STR (collectively “STR”) is strictly prohibited. Any such reproduction shall specifically credit STR as the source. This presentation is based on data collected by STR. No strategic advice or marketing recommendation is intended or implied.

apsales@str.com

www.str.com