STARWOOD IN REST OF ASIA PACIFIC STEPHEN HO PRESIDENT ASIA PACIFIC DIVISION

W RETREAT & SPA BALI – SEMINYAK, INDONESIA 77

Sources: India Ministry of Tourism, UNWTO, UN

SOUTH ASIA India

Population: 1.2B

Int’l arrivals: 5.6M (2010),

+8% (vs 2009)

Domestic trips: 0.7B

INDO CHINA Thailand

Population: 64.1M

Int’l arrivals: 15.8M (2010),

+12% (vs 2009)

SE ASIA Indonesia

Population: 241.0M

Int’l arrivals: 7.0M (2010),

+11% (vs 2009)

STRONG TRAVEL TRENDS AND OPPORTUNITIES IN REST OF ASIA

78

SIGNIFICANT FOOTPRINT IN THE REST OF ASIA » 175 hotels (operating, pipeline)

and more than 47,000 rooms in 17 countries

» Strong growth momentum in emerging (India, Indonesia, Malaysia) and mature markets (Australia, Singapore)

122 Operating

53 Pipeline (Executed)

JAPAN,

KOREA, GUAM

23 Operating

1 Pipeline

SE ASIA (Malaysia, Indonesia,

Singapore)

24 Operating

14 Pipeline

INDO CHINA (Thailand, Vietnam, Cambodia)

23 Operating

9 Pipeline

SOUTH ASIA (India, Sri Lanka,

Bangladesh, Maldives)

36 Operating

27 Pipeline

PACIFIC (Australia, Fiji,

New Caledonia, Vanuatu)

16 Operating

2 Pipeline

Source: Starwood internal data as of June 2012 79

SOUTH ASIA: (India, Sri Lanka, Bangladesh, Maldives)

63 HOTELS - 36 OPERATING, 27 PIPELINE

JAPAN, KOREA, GUAM:

24 HOTELS - 23 OPERATING, 1 PIPELINE

INDO CHINA: (Thailand, Vietnam, Cambodia)

32 HOTELS - 23 OPERATING, 9 PIPELINE

SOUTH EAST ASIA: (Malaysia, Indonesia, Singapore)

38 HOTELS – 24 OPERATING, 14 PIPELINE

PACIFIC: (Australia, Fiji, New Caledonia, Vanuatu)

18 HOTELS – 16 OPERATING, 2 PIPELINE

34

21 20 15

7

9

4

4

41

30

23 19

0

10

20

30

40

50

Starwood Marriott Hilton Hyatt

Pipeline - In Construction Operating

THE CLEAR LEADER IN THE REST OF ASIA

80

REST OF ASIA – OPERATING AND PIPELINE ROOMS (000’s)

Source: Smith Travel Research (STR) of April 2012

4.7

2.3 1.9

1.3

0

1

2

3

4

5

Starwood Marriott Hilton Hyatt

AS IN CHINA, OUR REST OF ASIA PIPELINE IS DELIVERING… Since 2010, Starwood has significantly outpaced its international competitors

81

REST OF ASIA – NEW OPENINGS

(by Rooms, ‘000s)

Source: Smith Travel Research (STR): January 2010 - April 2012, based on hotel open date

OUR REST OF ASIA ADVANTAGE

» Regional brand strength

» Industry leading footprint

» Best-in-class programs

» Strong growth momentum in key markets

– India

– Indonesia

– Thailand

82 THE WESTIN SIRAY BAY RESORT AND SPA, PHUKET, THAILAND

W NOIDA - DELHI NCR, INDIA

LE MERIDIEN JAIPUR, INDIA

SHERATON ON THE PARK, SYDNEY, AUSTRALIA

THE WESTIN SINGAPORE MARINA BAY, SINGAPORE

W RETREAT, KOH SAMUI, THAILAND

Non-Asian 30%

Domestic 38%

Asian 32%

Indonesia

LONG HISTORY IN THE REGION HAS CREATED DEEP LOCAL AND REGIONAL LOYALTY

Non-Asian 45%

Domestic 12%

Asian 43%

Thailand

Non-Asian 48%

Domestic 42%

Asian 10%

India

Guests by Country of Origin

Source: Starwood internal data 83

Indo China 18%

Japan, Korea, Guam

2%

Pacific 5%

SE Asia 22%

South Asia 53%

aloft 12%

Four Points 12%

LC 8%

Le Meridien

10% Sheraton

24%

St. Regis 4%

W 17%

Westin 13%

Managed 92%

LEADING PIPELINE »53 hotels in the pipeline

»Well balanced across regions

»Well distributed pipeline across brands

Source: Starwood internal data as of June 2012

REGION BRAND CONTRACT Franchised

8%

84

LEVERAGING GLOBAL PROGRAMS TO ADDRESS LOCAL NEEDS Localize key programs in major domestic markets

85

Existing Rooms Supply In India

STARWOOD IN INDIA: LARGEST INTERNATIONAL HOTEL COMPANY IN INDIA

» On track to achieve 100 operating and pipeline properties in India by 2015

500

2,500

4,500

6,500

8,500

10,500

Source: HVS Trends & Opportunity 2011

Note: In the HVS report, ITC includes hotels franchised with Starwood and not shown as a part of Starwood operational hotels. Included the

same in Starwood portfolio 86

» Opened 1st Westin in India

» 2009: Launched Four Points in India with 2 new openings

» Signed 1st Westin management contract ; 1st new-build non-ITC hotel in India

» Acquisition of Le Meridien brand globally; Added 8 Le Meriden to India portfolio

» Launched Aloft in India with 2 new openings

» 1973: 1st Sheraton in India - Oberoi Sheraton, Mumbai

» 1979: Partnership with ITC

» Established Starwood Sales Office

» Opened India Customer Contact Center in Gurgaon

2010 2005 2011 1973

1979 2009

» Opening of Sheraton in Bangalore (1st managed Sheraton; non-ITC)

2007

STARWOOD IN INDIA: OUR JOURNEY

87

STARWOOD IN INDIA: AS IN CHINA, LEVERAGING BRAND STRENGTH TO GROW BEYOND TIER 1 CITIES

Source: Starwood internal data as of June 2012

10 SHERATONS – 4 OPERATING AND 6 IN PIPELINE

6 FOUR POINTS – 4 OPERATING AND 2 IN PIPELINE

9 WESTIN – 5 OPERATING AND 4 IN PIPELINE

1 ST. REGIS IN PIPELINE

10 LE MERIDIEN – 8 OPERATING AND 2 IN PIPELINE

3 W IN PIPELINE

7 ALOFT – 3 OPERATING AND 4 IN PIPELINE

10 LUXURY COLLECTION – 9 OPERATING AND 1 IN PIPELINE

88

Delhi-NCR

Mumbai

Agra

Kolkata

Chennai

Hyderabad

Jaipur

Goa

Chandigarh

Bangalore

Udaipur

Amritsar

Mysore

Hyderabad

Pune Khandala

Ahmedabad

Chennai

Mahabaleshwar

Cochin Coimbatore

Visakhapatnam

PIPELINE

(EXECUTED)

OPERATING

RE

GIO

NA

L L

EA

DE

RS

HIP

STARWOOD IN INDIA Strong Regional Leadership Team Providing On-the-Ground Capability

Ritu Singh

Verma

Regional

Director, Human

Resources

2 Years

Devdutta Banerjee

Regional Director,

Revenue

Management

6 Years

Rajan Bahadur

Regional Director,

S&M

2 Years

Amitabh Tyagi

Regional Director,

Design & TS

5 Years

Urmil Khurana

Regional Director,

Finance

6 Years

Moushumi

Chopra

Regional

Director,

Legal Counsel

2 Years

Nikhil Manchharam

Vice President,

A&D

10 Years

Vivek Bhalla

Senior Director,

Operations

6 Years

Dhananjay Saliankar

Regional Director,

International Business

10 Years

Dilip Puri

RVP South Asia 1 Year

89

STARWOOD IN INDIA: LAUNCHED WESTIN IN 2007; TODAY: 5 OPEN, 4 PIPELINE OPENED 4 WESTINS IN 4 MAJOR CITIES WITHIN 12 MONTHS THE WESTIN MUMBAI GARDEN CITY

269 ROOMS, 2010 THE WESTIN SOHNA RESORT & SPA

97 ROOMS, 2007

THE WESTIN KOLKATA RAJARHAT

323 ROOMS, OPENING 2013

Best new

opening Hotel

2010

(Luxury)-

HICSA

90

STARWOOD IN INDIA: RELAUNCHED SHERATON IN 2011; TODAY: 4 OPEN, 6 PIPELINE SHERATON BANGALORE OPENS AS THE BRAND FLAGSHIP IN INDIA

SHERATON BANGALORE

230 ROOMS, 2011 SHERATON VISAKHAPATNAM RESORT

144 ROOMS, 2013 SHERATON GREATER NOIDA HOTEL

267 ROOMS, 2014

91 91

STARWOOD IN INDIA: OUR PORTFOLIO W MUMBAI

325 ROOMS,

OPENING IN 2015

ITC GRAND CHOLA, CHENNAI

600 ROOMS,

OPENING IN 4Q 2012

LE MERIDIEN MAHABALESHWAR RESORT & SPA

126 ROOMS, OPENING IN 2013

92

STARWOOD IN INDIA: OUR PORTFOLIO

ALOFT BENGALURU WHITEFIELD

166 ROOMS, 2010

FOUR POINTS BY SHERATON

NAVI MUMBAI, VASHI

150 ROOMS, 2009

FOUR POINTS BY SHERATON

GURGAON FARIDABAD ROAD

154 ROOMS, OPENING IN 2014

ALOFT NEW DELHI AEROCITY

200 ROOMS, OPENING IN 2014

93

3.4

2.8

2.0

0.8

0

0.5

1

1.5

2

2.5

3

3.5

4

Starwood Marriott Hyatt Hilton

Pipeline - InConstruction

Operating

STARWOOD IN INDONESIA: LEADING FOOTPRINT IN INDONESIA; LARGEST OPERATOR IN BALI

BALI

10 resorts 4 operating,

6 pipeline

JAKARTA

4 hotels 3 operating,

1 pipeline

REST OF

INDONESIA

5 hotels &

resorts

19 Properties In Indonesia 12 Operating, 7 Pipeline

Is this correct?

STR: SW 18,

Combined 23

Indonesia – Operating And Pipeline Hotel Rooms

Source: Smith Travel Research (STR) of April 2012, All segments

» Indonesia is poised for long-term growth

– Population of 241 million

– Rich in natural resources

– Major tourist destinations

» Starwood in Indonesia since 1970s

94

(Rooms in 000’s)

STARWOOD IN INDONESIA OUR PORTFOLIO

W RETREAT & SPA BALI, SEMINYAK

237 ROOMS, 2011

THE ST. REGIS BALI RESORT

123 ROOMS, 2008 KERATON AT THE PLAZA, JAKARTA

140 ROOMS, 2012

95

Rest of

Thailand

6 hotels &

resorts

Koh Samui

3 resorts

2 operating,

1 pipeline

Phuket

5 resorts

3 operating,

2 pipeline

Bangkok

10 hotels

8 operating,

2 pipeline

STARWOOD IN THAILAND: LEADING RESORT OPERATOR

24 properties in Thailand 19 operating, 5 pipeline

THAILAND – Operating and Pipeline Hotel Rooms

Source: Smith Travel Research (STR) of April 2012

» Resilient tourism market with attractive resorts destination

» Starwood – 1st mover advantage

– Entered Thailand in 1970 with 1st Sheraton in Bangkok

– Today, 10 hotels in Bangkok with eight brands represented

» Largest operator in Thailand

6.0

3.8 2.7

0.6

0

2

4

6

8

10

Starwood Marriott Hilton Hyatt

Pipeline - InConstruction

Operating

96

(Rooms in 000’s)

Bangkok

Phuket

Koh Samui

STARWOOD IN THAILAND OUR PORTFOLIO

FOUR POINTS BY SHERATON

BANGKOK, SUKHUMVIT 15

268 ROOMS, 2010

LE MERIDIEN BANGKOK,

282 ROOMS, 2008

THE ST. REGIS BANGKOK,

234 ROOMS, 2010

97

STARWOOD IN THAILAND OUR PORTFOLIO

THE NAKA ISLAND, PHUKET

67 ROOMS, 2011

LE MERIDIEN CHIANG RAI RESORT

159 ROOMS, 2008

THE WESTIN SIRAY BAY

RESORT & SPA, PHUKET

257 ROOMS, 2010

FOUR POINTS BY SHERATON PHUKET, PATONG,

290 ROOMS, OPENING IN 2014

98

STARWOOD WELL POSITIONED TO CAPTURE THE SIGNIFICANT LODGING OPPORTUNITIES IN REST OF ASIA

»Regional brand strength

» Industry leading footprint

»Best-in-class programs

»Strong growth momentum in key markets

– India

– Indonesia

–Thailand

99