70% - 60% - 50% - 40% - 30% - 20% - 10% - 0% ■3013 ■3Q15 Total Discretionary Retail e-Commerce 5% 1% 13% Footnotes Data a e -LI r.) Source: Comsc.ore. Deutsche Bank Wean Management Real Spending on Tourism 70% m-Commerce $850.000 $800.000 $750,000 $700,000 $650,000 $600.000 Real spending