y 71.6% 74.5% 733% 712% 74.0% 72.6% 22182 21410 201.99 Average Room Rate 247.01 232.25 13656 21112 231.74 21347 13627 12939 11819 Revpar 176.98 172.97 17350 174.96 17160 169.72 PAYROLL & RELATED EXP. 11239 3.0% 11282 3.1% 9252 2.8% Labour 102191 II% 110221 13% 9200 1

ing +3%) • L'Oreal O2 broadly inline, sales growth below, luxury decelerated, FY unchanged (trading -3.2%) • Accor O2 LFL's ahead (easier comps), Revpar improving, no margin guidance (trading -0.50%) • ITV loses the FA cup (oldest cup competition in the world) rights to the BBC (trading -0.70%) •