Solid growth in first-half 2013, supported by a favorable calendar of events in the second quarter

 Gross revenue1 up 6.7% to €5.6 billion, thanks to management and franchise expansion.
 First-half revenue up 1.8% increase like-for-like, including 3.3% in the second quarter due
to favorable prior-year comparatives.
 Robust 15.9% growth in first-half revenue from management and franchise fees
 Solid revenue growth across all segments, led by good resilience in Europe and boosted by
emerging markets.
 9,940 new rooms opened during the first-half, 80% of which under asset-light structures