STR Global is delighted to be working in partnership with Horwath HTL-India to increase the availability of data on the Indian
hotel market and to provide you with regular market commentaries on the recent performances. The commentary below is
based on STR Global’s hotel performance statistics and Horwath HTL – India’s analysis. We are pleased to be able to share
with you this article written by Vijay Thacker, Director Horwath HTL-India in which he is sharing his insights and expectations
for the market. We present an analysis of hotel performance in India for the third quarter of 2012 and the period from January to September 2012.